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The Most Sustainable Bank in Emerging Markets?
By Keith R | June 6, 2009
Topics: Electronic/Electrical Equipment, Waste & Recycling | No Comments »
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When the Financial Times and the International Finance Corporation (IFC) announced the winners of their annual Sustainable Banking Awards two days ago, guess who won among the emerging markets, beating out competitors from 37 countries?
Brazil’s Itaú Unibanco. Last year the winner also was a Brazilian bank, Banco Real (now part of Grupo Santander Brasil). Neither Banco Real nor Grupo Santander Brasil competed this year.
Who won the award for Latin America?
Brazil’s Itaú Unibanco.
How did Itaú Unibanco win these two categories?
The judges for the award this year included FT and IFC staff, the manager for responsible investment of the FTSE Group, the CEO of the CDC Group (formerly known as the Commonwealth Development Corporation), the CEO of the Consultative Group to Assist the Poor (CGAP), the co-founder of the Association for Sustainable and Responsible Investment in Asia (ASrIA), and Herman Mulder, an international sustainable development adviser.
In giving Itaú Unibanco the awards for Emerging Markets and Latin America, the judges characterized its track record as “powerful” and praised the bank for its A+ Global Reporting Initiative (GRI) rating, as the first emerging market signatory of the Equator Principles and now the first emerging markets chairman of the Principles committee, and for being the only Latin American bank in the Dow Jones Sustainability Index.
The judges further said “The potential is for a regional powerhouse in sustainable banking — innovative sustainability products, from renewable energy to microfinance delivered through mobile phones and the internet, backed by Itau’s execution capability.”
To read the full entry Itaú Unibanco submitted to the contest. click here.
Tags: aparelhos celulares, Brasil, Brazil, cell phones, cellular telephones, Mato Grosso do Sul, residuos, telefones celulares, waste
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