Standard Chartered wins FT/IFC Sustainable Global Bank of the Year Award

The Financial Times and IFC, a member of the World Bank Group, have named Standard Chartered the 2012 Sustainable Global Bank of the Year as part of the seventh annual FT/IFC Sustainable Finance Awards. The awards highlight leaders in environmentally and socially responsible banking and investment around the world. The Sustainable Global Bank of the Year Award, given for the first time in 2012, is based on an organisation’s overall approach to sustainability and its specific initiatives to promote sustainable growth.

The award recognises Standard Chartered’s resilience during the financial crisis, its strong governance and lending to key sectors including small and medium enterprises and agri-finance.

“Our sustainability philosophy is at the core of who we are as a bank,” said Mark Devadason who is head of Sustainability and Regional Corporate Affairs at Standard Chartered.

“We are delighted to be the first recipients of the Sustainable Global Bank of the Year Award and glad to see the awards highlight the great work being done throughout our industry to make banking and investment a force for good in the markets we serve.”

The 2012 FT/IFC Awards attracted 161 entries from 145 financial institutions and 36 non-financial groups in 67 countries.