PRESS RELEASE: Sustainable Finance Awards 2024 (2024)

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February 1, 2024

PRESS RELEASE: Sustainable Finance Awards 2024 (7)

Global Finance has announced its selections for the fourth annual Sustainable Finance Awards for 2024. Winners have been chosen across multiple global and regional categories as well as in 53 countries, territories & districts.

A full report on Global Finance’s Sustainable Finance Awards 2024 will be published in the March print and digital editions as well as online at GFMag.com. Winners will be honored at Global Finance’s Investment Bank and Sustainable Finance Awards Ceremony in London. Date and venue TBA.

This awards program recognizes global, regional and local leadership in Sustainable Finance—funding for initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future for humanity.

Global and regional winners have been chosen in areas such as overall sustainability financing, excellence in bond issues, community support, resource management, transparency & reporting, infrastructure and emerging-markets sustainability funding.

All winners were chosen by the editors of Global Finance, based on entries, which were required for consideration, as well as independent research. Criteria for evaluation included governance policies and goals as well as measurable achievements in environmental and social sustainability financing. This awards program focuses on activities from January 2023 to December 2023.

“Climate change concerns, regulations and increasing investor awareness have ensured growing demand for sustainable investments,” said Global Finance founder and editorial director Joseph Giarraputo. “Innovations in clean technologies, green finance instruments, and data analytics are also making sustainable finance more attractive and accessible, creating new market opportunities for banks.”

Global Finance’s awards and recognition programs are the trusted standard of excellence for the financial industry. They are backed by a 37-year history of editorial accuracy and integrity. Global Finance’s corporate and financial audience relies on these awards because they are credible, reliable and have stood the test of time.

The list of Global Finance’s Sustainable Finance Awards 2024 follows.

For editorial information, please contact Andrea Fiano, editor, afiano@gfmag.com

GLOBAL AWARDS

Best Bank for Sustainable FinanceSociete Generale
Best Bank for Green BondsCIBC
Best Bank for Social Bonds DBS
Best Bank for Sustainable Bonds CIBC
Best Bank for Sustaining Communities CaixaBank
Best Bank for Sustainability Transparency OTP Bank
Best Bank for Sustainable Infrastructure Finance ING
Best Bank for Sustainable Project FinanceSociete Generale
Best Bank for Sustainable Financing in Emerging MarketsScotiabank
Best Bank for Transition/Sustainability Linked LoansBradesco BBI
Best Bank for Transition/Sustainability Linked Bonds Nordea
Best Bank for ESG-Related Loans Industrial Bank of Korea
Best Multilateral Institution for Sustainable FinanceIFC

REGIONAL AWARDS – AFRICA

Best Bank for Sustainable Finance Societe Generale
Best Bank for Sustaining Communities Societe Generale Madagasikara
Best Bank for Sustainability Transparency Absa
Best Bank for Sustainable Infrastructure FinanceStandard Bank
Best Bank for Sustainable Project Finance Standard Bank
Best Bank for Sustainable Financing in Emerging Markets CIB
Best Bank for Green BondsNedbank
Best Bank for Social Bonds IFC
Best Bank for Sustainable Bonds Absa
Best Bank for Transition/Sustainability Linked Bonds Rand Merchant Bank
Best Bank for Transition/Sustainability Linked Loans Standard Bank
Best Bank for ESG-Related Loans Standard Bank

REGIONAL AWARDS – ASIA-PACIFIC

Best Bank for Sustainable Finance DBS
Best Bank for Sustaining CommunitiesBPI
Best Bank for Sustainability Transparency DBS
Best Bank for Sustainable Infrastructure FinanceBank of China
Best Bank for Sustainable Project FinanceCTBC Taiwan
Best Bank for Sustainable Financing in Emerging Markets DBS
Best Bank for Green BondsBangkok Bank
Best Bank for Social Bonds Industrial Bank of Korea
Best Bank for Sustainable Bonds Bank of China
Best Bank for Transition/Sustainability Linked BondsBank of China
Best Bank for Transition/Sustainability Linked LoansING
Best Bank for ESG-Related Loans Industrial Bank of Korea

REGIONAL AWARDS – CENTRAL AND EASTERN EUROPE

Best Bank for Sustainable Finance Bank Pekao
Best Bank for Sustaining CommunitiesIsBank
Best Bank for Sustainability Transparency OTP Bank
Best Bank for Sustainable Infrastructure FinanceAkbank
Best Bank for Sustainable Project FinanceOTP Bank
Best Bank for Sustainable Financing in Emerging Markets OTP Bank
Best Bank for Green BondsBank Pekao
Best Bank for Social Bonds Akbank
Best Bank for Sustainable Bonds Raiffeisen Bank International
Best Bank for Transition/Sustainability Linked BondsBank Pekao
Best Bank for Transition/Sustainability Linked LoansAkbank
Best Bank for ESG-Related Loans OTP Bank
Best Development Bank for Sustainable FinanceDevelopment and Investment Bank of Türkiye

REGIONAL AWARDS – LATIN AMERICA

Best Bank for Sustainable Finance BTG Pactual
Best Bank for Sustaining CommunitiesBTG Pactual
Best Bank for Sustainability Transparency Banco do Brasil
Best Bank for Sustainable Infrastructure FinanceItaú BBA
Best Bank for Sustainable Project FinanceBradesco BBI
Best Bank for Sustainable Financing in Emerging Markets BTG Pactual
Best Bank for Green BondsBBVA
Best Bank for Social Bonds Bradesco BBI
Best Bank for Sustainable Bonds Itaú BBA
Best Bank for Transition/Sustainability Linked BondsBradesco BBI
Best Bank for Transition/Sustainability Linked LoansScotiabank
Best Bank for ESG-Related Loans Scotiabank

REGIONAL AWARDS – MIDDLE EAST

Best Bank for Sustainable Finance QNB Group
Best Bank for Sustaining CommunitiesArab Bank
Best for Sustainability Transparency Boursa Kuwait
Best Bank for Sustainable Infrastructure FinanceSAB
Best Bank for Sustainable Project FinanceQNB Group
Best Bank for Sustainable Financing in Emerging Markets QNB Group
Best Bank for Green BondsQNB Group
Best Bank for Sustainable Bonds Emirates NBD Capital
Best Bank for Social BondsFirst Abu Dhabi Bank
Best Bank for Transition/Sustainability Linked BondsAbu Dhabi Islamic Bank
Best Bank for Transition/Sustainability Linked LoansFirst Abu Dhabi Bank
Best Bank for ESG-Related Loans National Bank of Kuwait

REGIONAL AWARDS – NORTH AMERICA

Best Bank for Sustainable Finance Scotiabank
Best Bank for Sustainability TransparencyScotiabank
Best Bank for Sustainable Infrastructure FinanceCIBC
Best Bank for Sustainable Project FinanceCIBC
Best Bank for Sustainable Financing in Emerging Markets Scotiabank
Best Bank for Green BondsCIBC
Best Bank for Social Bonds Scotiabank
Best Bank for Sustainable Bonds CIBC
Best Bank for Transition/Sustainability Linked BondsScotiabank
Best Bank for Transition/Sustainability Linked LoansCIBC
Best Bank for ESG-Related Loans Scotiabank

REGIONAL AWARDS – WESTERN EUROPE

Best Bank for Sustainable Finance CaixaBank
Best Bank for Sustaining Communities CaixaBank
Best Bank for Sustainability Transparency LGT
Best Bank for Sustainable Infrastructure FinanceING
Best Bank for Sustainable Project Finance ING
Best Bank for Sustainable Financing in Emerging Markets Societe Generale
Best Bank for Green BondsING
Best Bank for Social Bonds CaixaBank
Best Bank for Sustainable Bonds Societe Generale
Best Bank for Transition/Sustainability Linked Bonds Societe Generale
Best Bank for Transition/Sustainability Linked Loans Nordea
Best Bank for ESG-Related Loans CaixaBank

COUNTRY, TERRITORY & DISTRICT AWARDS

AFRICA
Egypt CIB
Ghana Ecobank
KenyaAbsa
NigeriaAccess Bank
South AfricaNedbank
ASIA-PACIFIC
ChinaDBS
Hong Kong OCBC
IndiaDBS
IndonesiaBank Rakyat Indonesia
JapanMUFG
MalaysiaOCBC Malaysia
PhilippinesBPI
SingaporeDBS
South KoreaIndustrial Bank of Korea
TaiwanDBS
ThailandBangkok Bank
VietnamSHB
CENTRAL AND EASTERN EUROPE
ArmeniaAmeriabank
Czech RepublicCSOB
HungaryOTP Bank
PolandBank Pekao
SlovakiaVUB Banka
Turkey Akbank
LATIN AMERICA
Brazil BTG Pactual
ChileScotiabank
ColombiaBancolombia
Dominican RepublicBanco Popular Dominicano
EcuadorProdubanco
MexicoCitibanamex
MIDDLE EAST
BahrainNational Bank of Bahrain
JordanArab Bank
KuwaitKuwait Finance House
QatarQNB Group
Saudi ArabiaSAB
UAEFirst Abu Dhabi Bank
NORTH AMERICA
Canada Scotiabank
United StatesBank of America
WESTERN EUROPE
Austria Erste Bank
BelgiumKBC Group
DenmarkNordea
FinlandNordea
FranceBNP Paribas
GermanyCommerzbank
GreeceEurobank
ItalyMediobanca
LuxembourgSpuerkeess
NetherlandsING
NorwayNordea
PortugalMillennium BCP
SpainBBVA
SwedenNordea
SwitzerlandUBS
United KingdomNatWest

###

AboutGlobal Finance

Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories.Global Finance’saudience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 37 years of experience in international financial markets.Global Financeis headquartered in New York, with offices around the world.Global Financeregularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

Logo Use Rights

To obtain rights to useGlobal Finance’sAward Logos, please contactChris Giarraputo at:chris@gfmag.com.

The unauthorized use ofGlobal FinanceLogos is strictly prohibited.

PRESS RELEASE: Sustainable Finance Awards 2024 (2024)

FAQs

What are the ESG reporting awards 2024? ›

The Global Sustainability & ESG Awards launch at Sustainability LIVE London 2024 at the Business Design Centre on the 10th September. It's time to honour those who apply sustainability in their operations and decision-making, the awards encourage widespread adoption of a more responsible approach to business.

What is the sustainability Excellence Award? ›

This award acknowledges individuals that have consistently demonstrated leadership in sustainability. It recognizes those who have a proven track record of implementing sustainable practices and inspiring others.

What is the Responsible Business Award? ›

Reuters Events: Sustainability Awards (formerly known as the Responsible Business Awards) are the world's leading Awards celebrating leadership in sustainable business.

What is the new sustainable finance strategy? ›

The renewed sustainable finance strategy was adopted on 6 July 2021. It aims to support the financing of the transition to a sustainable economy by proposing action in four areas: transition finance, inclusiveness, resilience and contribution of the financial system and global ambition.

Will ESG reporting become mandatory? ›

The global ESG and sustainability reporting focus is shifting from being largely voluntary to a mandatory disclosure landscape. Underpinning this shift is a patchwork of global regulations with various environmental, social and governance (ESG) disclosure requirements.

Who has the highest ESG score? ›

Top 100 ESG Companies
RankCompanyESG Score
1ASML Holdings N.V.73.13
2Check Point Software Technologies72.64
3Hermes International SCA71.71
4Linde71.26
39 more rows

How do you win sustainability award? ›

Companies that win sustainability awards for companies don't just meet standards; they set them. They are innovators who: Develop new technologies and practices that reduce their environmental impact. Inspire communities to adopt sustainable practices.

What are the criteria for the sustainability Award? ›

Generic criteria
  • Demonstrate the impact of any measures taken.
  • Include savings made relating to carbon related issues.
  • Demonstrate the impact of your initiative and show documented outcomes.
  • Provide industry norm versus over and above requirements.

Why are sustainability awards important? ›

Sustainability awards offer a window of opportunity for companies: Company sustainability efforts are legitimized upon receiving awards, enabling them to begin a positive public relations campaign that has third-party validation.

What is a simple definition of sustainability? ›

In 1987, the United Nations Brundtland Commission defined sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” Today, there are almost 140 developing countries in the world seeking ways of meeting their development needs, but with the ...

What is the sustainability Awards 2024 by JWA? ›

Sustainability Awards 2024 by JWA is a global initiative that recognises and honours outstanding sustainability efforts undertaken in the past three years by businesses of all sizes in the fine jewellery, gemstone and related industries.

What is the sustainability Strategy award? ›

Sustainability Strategy Award - Recognising outstanding businesses that lead the way in sustainable practices and steer other organisations towards a more environmentally responsible future.

What is the biggest challenge in sustainable finance? ›

Data Collection and Management. The first major challenge is data collection and management. Banks and financial institutions (FIs) must be able to collect, analyze, and report on various clients' data points to demonstrate compliance with the standards.

What are the five pillars of sustainable finance? ›

Pillar 1: Definition: Use of proceeds. Pillar 2: Selection: Process for project evaluation. Pillar 3: Traceability: Management of proceeds. Pillar 4: Transparency: Monitoring and reporting.

Is sustainable finance the same as ESG? ›

Sustainable finance is all about ethical decision-making in business and investment. It pivots on environmental, social and good governance (ESG) standards (especially in asset management and corporate strategy) that customers, workers and investors demand of companies.

What is the ESG award? ›

The SKOCH ESG Awards recognise organisations demonstrating outstanding performance in Environmental, Social, and Governance (ESG) practices.

What is the ESG reporting? ›

ESG reporting is the disclosure of environmental, social and corporate governance data. As with all disclosures, its purpose is to shed light on a company's ESG activities while improving investor transparency and inspiring other organizations to do the same.

Will individuals get an ESG score? ›

The process of calculating a personal ESG score works like that of a company ESG rating. However, the scale of assessment or data involved to determine the score is lower compared to that of a business.

What is the new ESG score? ›

An ESG score is a measure of how well a company addresses risks with respect to environmental, social, and governance issues in its day-to-day work and operations.

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