The FT Sustainable Banking Awards, the leading global awards for triple bottom line banking, have generated a record number of entries in their third year, with 127 institutions in 54 countries submitting a total of 180 applications by the deadline.
The awards were created by the Financial Times and IFC, a member of the World Bank Group, to recognise banks and other financial institutions that have shown leadership and innovation in integrating social, environmental and corporate governance considerations into their operations.
The programme has been growing in popularity since its launch in 2006. The number of entries received this year represents a 19 per cent increase on the 151 submitted in 2007, while the number of banks applying is up 23 per cent from the 103 institutions in 51 countries that entered last year. In the inaugural awards in 2006, 98 entries were received from 48 banks in 28 countries.
“We are delighted to see the growing interest in these awards, reflecting the increasing importance of sustainability in this current economic and environmental climate.” said Lionel Barber, editor of the Financial Times.
“More than half of the entries in this year’s competition are from emerging market banks, from countries as diverse as Nepal and Colombia,” said Lars Thunell, IFC Executive Vice President and CEO. “This strong response is a sign that banks across the globe are seeing the business opportunities of sustainability.”
Entries were received in five categories: Sustainable Bank of the Year, Emerging Markets Sustainable Bank of the Year, Sustainable Deal of the Year, Banking at the Bottom of the Pyramid, and Sustainable Investor of the Year. Banking at the Bottom of the Pyramid and Sustainable Investor of the Year were new categories for the 2008 edition, broadening the awards to financial institutions not directly involved in banking.
The judging panel will meet next month to select the shortlists of award nominees. Each category will have a shortlist of five finalists - except Emerging Markets Sustainable Bank of the Year, where the winner will be chosen from four banks awarded prizes for regional leadership in Asia, Eastern Europe, Latin America and Middle East/Africa respectively.
The winners of the awards will be announced at a special dinner at the Dorchester in London on 3 June 2008.
This awards dinner will conclude the 2008 FT/IFC Sustainable Banking Conference, a full-day gathering of major decision-makers, strategists and visionaries involved in sustainable finance which has become a major event on the international banking calendar following the success of the inaugural conference last year.
Confirmed speakers for the Sustainable Banking Conference include:
•Marcus Agius, Chairman, Barclays
•Richard Burrett, Head of Sustainability, ABN AMRO
•Pamela Flaherty, President and Chief Executive Officer, Citi Foundation
•Mary Ellen Iskenderian, President and CEO, Women’s World Banking
•Bjorn Lomberg, Author, ’The Sceptical Environmentalist’
•Nachiket Mor, President, ICICI Foundation for Inclusive Growth
•Dipesh Shah OBE, Chairman, Jetion Holdings; Advisory Chairman, Hg Capital
•Lars Thunell, Executive Vice President and CEO, IFC
The judging panel selecting the nominees and winners in this year’s awards includes leading figures involved in sustainable finance and development:
•John Willman, UK Business Editor, Financial Times (co-chair)
•Rachel Kyte, Director of Environment and Social Development, IFC (co-chair)
•David Harris, Manager, Responsible Investment, FTSE Group
•Richard Laing, Chief Executive, CDC Group Ltd
•Jonathan Lash, President, World Resources Institute (WRI)
•Elizabeth Littlefield, CEO, Consultative Group to Assist the Poor (CGAP)
•Tessa Tennant, Co-founder, Association for Sustainable and Responsible Investment in Asia (ASrIA)
Leading consultancy Sustainable Finance Ltd is technical advisor for the programme.
The list of participating institutions for the 2008 FT Sustainable Banking Awards is in the attached Appendix. For more information, including registration for the Sustainable Banking Conference and Awards dinner, please go to www.ftconferences.com/sustainablebanking.
For further information, please contact:
Lizzie Allen, Financial Times, 020 7873 4463 or lizzie.allen@ft.com
Azmar Sukandar, Financial Times, +852 2905 5519 or azmar.sukandar@ft.com
Lucie Giraud, IFC, Washington, DC, +1 (202) 458-4662 or lgiraud@ifc.org
Notes to Editors:
About the Financial Times
The Financial Times Group, one of the world’s leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people. The FT Group includes:
1.The Financial Times, one of the world’s leading business newspapers, is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed at 24 print sites across the globe, has a daily circulation of 448,342 (ABC figures, February 2008) and a readership of more than 1.3 million people worldwide.
2.FT.com is one of the world’s leading business information websites, and the internet partner of the FT newspaper. FT.com is the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 6.5 million unique users, generating 43 million page views. FT.com has 101,000 subscribers.
3.Through FT Interactive Data, the FT Group is one of the world’s leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors. Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.
4.FT Business, which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK’s premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.
5.The Mergermarket Group, whose products and services provide the global advisory and corporate communities with intelligence and analysis. With regional head offices in London, New York and Hong Kong and 200 journalists in 46 locations worldwide, reliable and validated proprietary intelligence and historical data is provided via the mergermarket, dealReporter, Debtwire and wealthmonitor on-line platforms.
6.The Financial Times Group also has a stake in a number of joint ventures, including;
•FTSE International, a joint venture with the London Stock Exchange.
•Vedomosti, Russia’s leading business newspaper and a partnership venture with Dow Jones and Independent Media
•A 50% stake in BDFM, publishers of South Africa’s leading financial newspapers and websites.
•A 50% stake in The Economist Group, which publishes the world’s leading weekly business and current affairs journal.
•A 13.85% stake in Business Standard, one of India’s leading financial newspapers.
The FT Group is part of Pearson plc, the international education and information company.
About IFC
IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilising private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC’s vision is that poor people have the opportunity to escape poverty and improve their lives. In FY07, IFC committed $8.2 billion and mobilized an additional $3.9 billion through loan participations and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit www.ifc.org.
APPENDIX
Entries to the 2008 FT Sustainable Banking Awards were received from the following 127 institutions:
Aavishkaar India Micro Venture Capital Fund
ABN AMRO
ABN AMRO India
Access Bank, Nigeria
AfricInvest Capital Partners, Tunisia
AgroInvest, Serbia
Ahli United Bank, Bahrain
Alalay Sa Kaunlaran Inc (ASKI), Philippines
ASA, Bangladesh
Bai Tushum & Partners Microcredit Company, Kyrgyzstan
Banamex, Mexico
Banca Comerciala Romana, Romania
Banco Bradesco, Brazil
Banco de Galicia y Buenos Aires, Argentina
Banco do Brasil
Banco Espirito Santo, Portugal
Banco Itau, Brazil
Banco Real, Brazil
Banco Triangulo (Tribanco), Brazil
Bank Danamon, Indonesia
Bank of Alexandria, Egypt
Bank of Kathmandu, Nepal
Bank Sarasin, Switzerland
Barclays, UK
Blue Orchard Finance, Switzerland
BMCE Bank, Morocco
BBVA Colombia
BBVA Banco Continental, Peru
BBVA Microfinance Foundation, Spain
BRAC Bank, Bangladesh
Byblos Bank, Lebanon
Caisse d’Epargne de Madagascar
Calvert Foundation, US
Calyon, France
Cantilan Bank, Philippines
Ceska Sporitelna, Czech Republic
Citi, US
Commercial Bank of Ceylon, Sri Lanka
Commercial Bank of Kuwait
Compartamos, Mexico
Credit Suisse, Switzerland
Daegu Bank Economic Research Institute, South Korea
Denizbank, Turkey
De Pury Pictet Turrettini & Cie, Switzerland
Deutsche Bank, Germany
Developing World Markets, US
Development and Employment Fund, Jordan
Dexia, France
Doha Bank, Qatar
Doughty Hanson & Co, UK
E+Co, US
Equity Bank, Kenya
F&C Management Ltd, UK
Financiera Nicaraguense de Desarrollo (FINDESA), Nicaragua
First National Bank, South Africa
Fullerton Financial Holdings, Singapore
Glitnir Bank, Iceland
Global Trade Finance, India
Goldman Sachs, US
Grupo Financiero BBVA Bancomer, Mexico
Hansabankas, Lithuania
Henderson Global Investors, UK
HSBC, UK
ICICI Group, India
Industrial Bank, China
Industrial Development Bank of Turkey
ING Group, Netherlands
Integrated Development Foundation, Bangladesh
Intercontinental Bank, Nigeria
International Bank of Azerbaijan
Investec, South Africa
Japan Bank for International Cooperation
Jupiter Asset Management, UK
KfW, Germany
Khan Bank of Mongolia
Kompanion Financial Group, Kyrgyzstan
Kookmin Bank, South Korea
La Caixa, Spain
LOCKO-Bank, Russia
Merrill Lynch, US
Mibanco, Banco de la Microempresa, Peru
Micro Credit Company, Bosnia and Herzegovina
Microcredit Organization EKI, Bosnia and Herzegovina
Microempresas de Antioquia Medellin, Colombia
Microfinance International Corporation, US
Mitusbishi UFJ Trust and Banking Corporation, Japan
Mizuho Corporate Bank, Japan
Morgan Stanley, US
Mufindi Community Bank Ltd (MuCoBa), Tanzania
Nacional Financiera, Mexico
The Nature Conservancy EcoEnterprises Fund, US
Nedbank, South Africa
New Energies Invest, Switzerland
Opportunity International UK
Partner Microcredit Organization, Bosnia and Herzegovina
Pictet Asset Management, UK
Piraeus Bank, Greece
PRASAC MFI Ltd, Cambodia
Rabobank, Netherlands
Raiffeisen Zentralbank (RZB), Austria
Raiffeisenbank (Bulgaria)
ResponsAbility, Switzerland
Royal Bank of Scotland, UK
Russian Agricultural Bank
SAM Sustainable Asset Management, Switzerland
SEB Bank Lithuania
Sekerbank, Turkey
Small Farmers Development Bank, Nepal
Small Industries Development Bank of India
Small Scale Sustainable Infrastructure Development Fund, Inc (S3IDF), US
Society Of Local Volunteers’ Effort (SOLVE), Nepal
Standard Chartered, UK
Sumitomo Mitsui Banking Corporation, Japan
TBC Bank, Georgia
Turk Ekonomi Bank, Turkey
Ujjivan Financial Services, India
União de Bancos Brasileiros (Unibanco), Brazil
United Bank for Africa, Nigeria
United Capital Investment Group, Russia
Vakifbank, Turkey
Vodafone Group Services, UK/Safaricom, Kenya
VSL Associates, Germany
WestLB, Germany
Wizzit, South Africa
World Council of Credit Unions, US
YES Bank, India
Zenith Bank, Nigeria

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