The Financial Times and IFC, a member of the World Bank Group, today announced the winners of the 2011 FT/IFC Sustainable Finance Awards, with Itau Unibanco of Brazil named as Sustainable Bank of the Year, Storebrand of Norway Sustainable Asset Owner of the Year, and Aloe Group of the UK taking the Sustainable Asset Manager prize.
The FT/IFC Sustainable Finance Awards, the major global awards for environmentally and socially responsible banking and investment, evolved out of the FT Sustainable Banking Awards, which over five years established themselves as the world’s leading awards for banks and other institutions focused on sustainable development. The 2011 Awards attracted a record 187 entries from 161 institutions in 61 countries.
The awards were presented at a gala dinner in London attended by around 200 senior decision-makers in finance and sustainability. Duncan Goose, Founder and Managing Director, Global Ethics, was keynote speaker at the dinner. The event followed a one-day Sustainable Finance Conference organised by the Financial Times and IFC.
The 2011 winners and special commendations in each category are:
Sustainable Bank of the Year
· Winner: Itau Unibanco
· Regional winner Africa/Middle East: Access Bank
· Regional winner Americas: Itau Unibanco
· Regional winner Asia/Pacific: YES Bank
· Regional winner Europe: Co-operative Financial Services
· Regional winner Cross-Regional: Bank Sarasin
Sustainable Asset Owner of the Year
· Winner: Storebrand
· Special Commendation: Environment Agency
Sustainable Asset Manager of the Year
· Winner: Aloe Group
· Special Commendation: SAM (Sustainable Asset Management)
Achievement in Basic Needs Financing
· Winner: One Acre Fund
· Special Commendation: Social Finance
Achievement in Financing at the Base of the Pyramid
· Winner: MicroEnsure
· Special Commendation: Bank of America Merrill Lynch
'We are greatly encouraged by the response to this year’s awards, which is evidence of the growing commitment among institutions across the financial industry to make sustainability a core part of their business. The quality of this year’s entries was very high and the judging panel had some difficult decisions to make', said Martin Dickson, Deputy Editor of the Financial Times and co-chair of the awards judging panel.
'The FT/IFC Sustainable Finance Awards highlight how financial institutions create shared value that benefits both shareholders and society', said IFC Executive Vice President and CEO Lars Thunell. "This year we are also recognising how sustainable finance, notably pension funds and private equity, is supporting small and medium-sized enterprises, a key source of job creation and economic growth in most countries."
The judging panel consisted of:
· Martin Dickson, Deputy Editor, Financial Times (co-chair)
· Rachel Kyte, Vice President, Business Advisory Services, IFC (co-chair)
· Isher Judge Ahluwalia, Chairperson, Indian Council for Research on International Economic Relations
· David Harris, Head, Responsible Investment, FTSE Group
· Mary Ellen Iskenderian, President and CEO, Women’s World Banking
· Richard Laing, Chief Executive, CDC Group Ltd
· Herman Mulder, international sustainable development advisor
PwC was technical advisor for the programme.
image: © Axel-D