HSBC has been named Sustainable Bank of the Year in a new awards
programme recognizing financial institutions that have shown
‘leadership and innovation’ on social, environmental and corporate
governance matters.
HSBC impressed the judges with its
integration of CSR issues ‘throughout its operations’ and its focus on
‘the opportunities as well as the risks of sustainability-related
business’.
Banco ABN Amro Real of Brazil won Emerging Markets
Sustainable Bank of the Year for ‘helping to set best practice’ in
Latin America, while the team responsible for sustainable projects at
German bank WestLB won the Sustainable Bankers of the Year award.
Sustainable
Deal of the Year was won by Citigroup/Banamex and Financiera
Compartamos of Mexico for their creation of an investment grade bond
that promotes microcredit.
The awards attracted 90 entries from 48
institutions and are run by the International Finance Corporation,
which is the private sector arm of the World Bank, and the Financial Times.
