2010 FT Sustainable Banking Awards: No Indian bank figures in the winners list

June 04, 2010: The Financial Times and IFC, a member of the World Bank Group, have announced the winners of the 2010 FT Sustainable Banking Awards. Now in their fifth year, the awards recognize banks and other financial institutions that have shown leadership and innovation in integrating social, environmental, and corporate governance considerations into their operations.

The 2010 winners and runners-up in each category are:

Sustainable Bank of the Year

Winner: Co-Operative Financial Services, U.K.

Runner-up: HSBC, U.K.



Emerging Markets Sustainable Bank of the Year

Winner: Itau Unibanco, Brazil

Regional winner Africa/Middle East: Nedbank, South Africa

Regional winner Asia: BRAC Bank, Bangladesh

Regional winner Eastern Europe: Industrial Development Bank of Turkey (TSKB)

Regional winner Latin America: Itaú Unibanco, Brazil

Achievement in Basic Needs Financing

Winner: One Acre Fund, Kenya

Runner-up: Acumen Fund, U.S.

Achievement in Banking at the Base of the Pyramid

Winner: Financial Information Network and Operations (FINO), India

Runner-up: MicroEnsure, U.K.

Sustainable Investor of the Year

Winner: Global Environment Fund, U.S.

Runner-up: Calvert Foundation, U.S.



"We are seeing a much greater commitment by financial institutions in both developed and emerging markets to make sustainability a core part of their business. The quality of this year's awards entries reflect this commitment and the winners and runners-up announced today are leading the way," said Martin Dickson, Deputy Editor of the Financial Times and co-chair of the awards judging panel.

"Broadening financial services to the poor and helping raise living standards around the world is good for business—and good for the global economy," said Lars Thunell, IFC Executive Vice President and CEO. "As these award recipients demonstrate, an increasing number of financial institutions recognize that and are finding innovative ways to expand access to finance and improve the environment."

The judging panel narrowed down the entries to a short-list of five institutions for each category of award—and three banks for each regional subcategory under Emerging Markets Bank of the Year—before selecting the overall winners.



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