Standard Bank wins banking award

stanbic bankOliver Kazunga Business Reporter
STANDARD Bank group, which owns Stanbic Bank Zimbabwe, has won the Sustainable Bank of the Year award for Africa and Middle East.
The financial institution scooped the award at a ceremony held in London recently by the Financial Times and International Finance Corporation, a member of the World Bank Group.In a statement, Stanbic Bank said the awards ceremony, which was in its 8th year, had become the world’s leading awards event for environmentally and socially responsible banking and investment.

This year’s awards attracted a record 254 entries from 164 financial institutions and 57 non-financial groups in 61 countries.
The awards were presented at a special dinner attended by about 200 senior decision-makers in finance and sustainability.

Speaking after receiving the award on behalf of their organisation, Standard Bank head of Sustainability Management Karin Ireton said:
“We are delighted to be in the company of other leading thinkers in this field and see it as a reinforcement of our efforts to embed sustainability thinking and practice into the heart of our business.
“We address our own operational footprint which is significant given our operations across Africa and major capital markets, as well as using the leverage we have through our lending.
“The past year was marked by major renewable energy funding successes and a demonstration that these projects are appealing to commercial banks where the regulatory environment works.
“We recognise that many of these global sustainability issues require partnerships and collaboration, which is part of our way of work.”
Financial Times managing editor Mr Martin Dickson, who is also the co-chair of the awards judging panel, congratulated the winners.
“This year’s short-listed entries were among the most diverse we have had, particularly in the areas of technology and inclusive business. The winners really are leading the way in their respective fields and we congratulate them,” he said.
International Finance Corporation vice president for business advisory services Nena Stoiljkovic said they were thrilled that the awards provided them with an opportunity to remain identifying and rewarding the most innovative firms committed top leadership in sustainability.
“I’m excited that these awards provide us with the opportunity to continue to identify and reward the most innovative companies committed to leadership in sustainability as well as those dedicated to serving and integrating the economic base of the pyramid.
“The winners are finding transformational and profitable ways that are both replicable and scalable to help improve the lives of millions around the world,” said Stoiljkovic.

You Might Also Like

Comments