2007 FT Sustainable Banking Awards Announced
ABN AMRO Bank India is winner from emerging markets
The Financial Times and IFC on 7th June 2007, announced the winners of the 2007 FT Sustainable Banking Awards, the leading global awards program designed to recognize banks that have shown leadership and innovation in integrating social, environmental, and corporate governance objectives into their operations.
Now in their second year, the awards were created by the Financial Times in association with IFC, the private sector arm of the World Bank Group. Responses this year surpassed the inaugural awards in 2006, drawing 151 entries from more than 100 banks in 51 countries. This year, for the first time, the awards also highlight regional leadership under the Emerging Markets category.
The 2007 winners are:
Sustainable Bank of the Year
ABN AMRO, Netherlands
Runner-up: Barclays, United Kingdom
Emerging Markets Sustainable Bank of the Year
ABN AMRO Bank India
Regional emerging markets awards:
· Asia – ABN AMRO Bank India
· Eastern Europe – Dexia Banka Slovensko, Slovak Republic
· Latin America – Banco do Brasil
· Middle East & Africa – Nedbank, South Africa
Sustainable Bankers of the Year
Banamex / Citi Compartamos, Mexico
Runner-up: Center-Invest Bank, Russia
Sustainable Deal of the Year
Deutsche Bank/Goldman Sachs (International Finance Facility for Immunisation)
Runner-up: Industrial Bank, China (Financing for energy efficiency projects)
Achievement in Carbon Finance
Raiffeisen Zentralbank, Austria (Nitrous oxide emission reduction project)
Runner-up: Banco Sumitomo Mitsui Brasileiro, Brazil (CER transaction involving 10 CDM projects)
"The winners of the FT Sustainable Banking Awards showcase how banks can successfully meet social, environmental, and financial goals," said Lionel Barber, Editor of the Financial Times. "As the response to these awards continues to grow, in emerging as well as developed markets, we hope more banks around the world will be encouraged to adopt transparent, sustainable practices."
Lars Thunell, IFC Executive Vice President and CEO, said, "These awards send an important signal to the banking sector. Sustainable finance, especially in emerging markets, is a proven strategy for creating value and opportunity for clients, shareholders, and the poor."
Short List of banks nominated for the 2007 FT Sustainable Banking Awards...click here
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