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Asian banks urged to come forward

January 2006

Asian banks are being urged to enter the Financial Times' first global awards recognizing banks that have integrated social and environmental objectives into their operations while continuing to maximize their shareholders’ gains.

The awards, created with the International Finance Corporation, part of the World Bank group, will be in five categories – Sustainable Bank, Emerging Markets Sustainable Bank, Sustainable Bankers, Sustainable Deal and Sustainable Energy Finance Deal.

The judges will examine the environmental, social and financial value created by sustainable approaches and the deals in which the banks have been involved.

Lionel Barber, editor of the Financial Times, said: ‘Teams of specialist bankers have emerged whose mandate is to find innovative ways of financing projects or creating products with significant social and environmental benefits, while also meeting their banks’ profit targets and protecting their shareholders.’

The judges include Tessa Tennant, chair of the Association for Sustainable and Responsible Investment in Asia.

Entries should be in by 1 March. Shortlists will be drawn up by 31 March and the winners will be announced at a gala ceremony in London on 6 June.




Further Information
http://news.ft.com/cms/s/f04c3356-5cec-11da-a749-0000779e2340,dwp_uuid=07771cc4-3f0d-11da-932f-00000e2511c8.html
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