Short List of banks nominated for the 2007 FT Sustainable Banking Awards announced

The Financial Times and IFC on 2nd April 2007 announced the short list of banks nominated for the 2007 FT Sustainable Banking Awards. Selected from 151 entries representing more than 100 banks in 51 countries, the diverse nominees reflect the rising importance of sustainable banking around the world, especially in the emerging markets.

The FT and IFC, the private sector arm of the World Bank Group, created the awards to recognize banks that have shown leadership and innovation in integrating social, environmental, and corporate governance objectives into their operations.

The judging panel, which includes leading figures involved in sustainable finance and development, met last week in London to short-list banks for each of the five categories of awards. For the first time, the awards also highlight regional leadership under the Emerging Markets category. The 2007 nominees are:

Sustainable Bank of the Year (5 nominees)
ABN Amro
Bank Sarasin
Barclays
HSBC
Standard Chartered Bank

Emerging Markets Sustainable Bank of the Year (8 nominees – two for each region)
ABN Amro Bank India
Banco ABN Amro Real, Brazil
Banco do Brasil, Brazil
Dexia Banka Slovensko, Slovakia
DFCU, Uganda
Industrial Bank, China
Nedbank, South Africa
SEB Vilniaus Bankas, Lithuania

Sustainable Bankers of the Year (5 nominees)
Banco do Brasil, Brazil
Barclays, United Kingdom
Center-Invest Bank, Russia
Citi India
Compartamos/Banamex, Mexico

Sustainable Deal of the Year
Deutsche Bank/Goldman Sachs (International Finance Facility for Immunisation)
Glitnir Bank, Iceland (Geothermal heating system in China)
Industrial Bank, China (Financing products for energy efficiency projects)
Kookmin Bank, South Korea (Transit system)
WestLB, Germany (Industrial waste treatment plant in Mexico)

Achievement in Carbon Finance >
Banco Sumitomo Mitsui Brasileiro, Brazil (CER transaction involving 10 CDM projects)
Carbon Capital Markets, United Kingdom (Private equity funds)
Climate Change Capital, United Kingdom (C4F2 carbon fund)
Innovest/JP Morgan, United States-Canada-United Kingdom (JENI Carbon Beta bond index)
Raiffeisen Zentralbank, Austria (Nitrous oxide emission reduction project)

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