Reynard Loki is a Justmeans staff writer for Sustainable Finance and Corporate Social Responsibility. A co-founder of MomenTech, a New York-based experimental production studio, he writes the blog 13.7 Billion Years and is a contributing author to "Biomes and Ecosystems," a comprehensive reference encyclopedia of the Earth's key biological and geographic classifications, published in 201...
Shortlist Announced for 2012 FT/IFC Sustainable Finance Awards
"This is a very impressive list of nominees, combining institutions we know well from previous years with new names that are beginning to make a mark in this important field." -- Martin Dickson, Deputy Editor, Financial Times, and Co-chair of Sustainable Finance Awards judging panel
The Financial Times and the International Finance Corporation (IFC), the World Bank's private sector arm, have announced the shortlist for the 2012 FT/IFC Sustainable Finance Awards. Currently in its seventh year, the program constitutes the world's preeminent awards recognizing financial institutions that have shown innovation and leadership in incorporating the principles of ESG (environmental, social and corporate governance) into their business models.
The awards "reflect the growing role that the financial sector plays in addressing some of the world's most pressing challenges, including climate change and environmental degradation, social exclusion, food security, improving access to finance, and using technology to better serve the world's poor," according to a statement by the IFC.
This year, entries were submitted by 145 financial institutions and 36 non-financial groups, spanning 67 countries.
"We are delighted with the institutions shortlisted to the 2012 edition of the Sustainable Finance Awards," said Nena Stoiljkovic, IFC Vice President, Business Advisory Services. "They are diverse and include a broad spectrum of financial intermediaries. For the first time, they also include non-financial institutions that are helping make sustainability a driving force in their economies. We have also observed a significant number of non-financial technology companies working on projects that further financial inclusion."
The shortlisted nominees are:
Sustainable Bank of the Year
Bank of Palestine (West Bank)
BMCE Bank (Morocco)
Nedbank (South Africa)
Banco de Galicia y Buenos Aires (Argentina)
Itaú Unibanco (Brazil)
Santander Brasil (Brazil)
Sumitomo Mitsui Banking Corporation (Japan)
YES Bank (India)
Bank Sarasin & Co (Switzerland)
Co-operative Banking Group (United Kingdom)
Sustainable Global Bank of the Year
Banco Santander (Spain)
Bank of America (United States)
BNP Paribas (France)
Citi (United States)
Credit Agricole (France)
Credit Suisse (Switzerland)
Morgan Stanley (United States)
Standard Chartered (United Kingdom)
Sustainable Investor of the Year
Bridges Ventures (United Kingdom)
Dragon Capital Group (Vietnam)
Environment Agency (United Kingdom)
LeapFrog Investments (Australia)
VantagePoint Capital Partners (United States)
Sustainable Investment of the Year
CleanStar Mozambique & Bank of America Merrill Lynch (Mozambique, United Kingdom)
Embraport & Inter-American Development Bank & WestLB (Brazil, United States, Germany)
Korean Recycling Plan & ZincOx Resources (South Korea, United Kingdom)
Optima Energia & Acapulco Municipality (Mexico)
PerPETual Global & Aloe Private Equity (India, United Kingdom)
VINTE Viviendas Integrales SAPI de CV & IIF (Mexico, United States)
Technology in Sustainable Finance
Credit Suisse & Opportunity International (Switzerland, United States)
Itaú Unibanco (Brazil)
Kilimo Salama (Kenya)
Sustainability Accounting Standards Board (United States)
Yellow Pepper (United States)
"The 2012 awards come at a delicate juncture for the financial industry, with banks facing a financial crisis in Europe and strong regulatory and balance sheet pressures," said Martin Dickson, Deputy Editor of the Financial Times and co-chair of the Sustainable Finance Awards judging panel. "At the same time, the global economy remains weak and volatile, putting further strains on the most vulnerable parts of society."
The winners in each category will be announced in London on June 14.
 Financial Times. 2012 Sustainable Finance Awards - Shortlist. May 3, 2012. Accessed May 3, 2012.
 International Finance Corporation. Financial Times and IFC Launch 2012 Sustainable Finance Awards. December 2, 2011. Accessed My 4, 2012.
 Ibid., 1.
 Ibid., 2.
image: Tea farmer preparing sugar cane in Kenya, where Kilimo Salama helps farmers protect their investments through a microinsurance program (credit: AaronPhelps, Flickr Creative Commons)