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IFF Awards to Institutions for Green Finance Efforts

GUANGZHOU, China, March 12 /PRNewswire/ The International Finance Forum (IFF) presented the IFF Global Green Finance Award during its annual global meeting on 3 December. The organization continues to promote green finance and recognizes institutions that have made significant efforts towards global sustainable development.

The annual award is given to organizations that have made a significant contribution to global, regional or national sustainable development through green finance practices, and that have implemented projects that help achieve carbon escalation and carbon neutrality goals, address climate change and preserve biodiversity.

This year, the IFF presented the award to 20 world-renowned institutions that have demonstrated exceptional efforts in achieving green finance. Beneficiaries include the London Stock Exchange Group (LSEG), China Construction Bank, Société Générale SA, UBS Group AG, PricewaterhouseCoopers, China Asset Management Limited, Ping An Bank Co. Ltd. , China Energy Conservation and Environmental Protection Group, Bank of Beijing Co., Ltd. and Shenwan Hongyuan Group Co.Ltd. As well as others.

David Schwimmer, Managing Director of LSEG, noted that LSEG is proud to be recognized by the IFF for its efforts in providing sustainability products and services to clients around the world.

He added that LSEG commends the IFF for its longstanding involvement in the debate on sustainable financing.

In a speech during the 2022 FIFA Annual Assembly, United Nations Secretary-General António Guterres noted that the window of opportunity to prevent climate catastrophe is closing fast.

“Everyone must make their contribution and fully align their business models with the 2030 Agenda and climate goals. International financial institutions and development banks must adapt their approach to risk management and systematic use of private financing for developing countries at reasonable costs.”

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Dame Jenny Shipley, Co-Chair of the IFF Global Green Finance Awards Jury and former Prime Minister of New Zealand, said it was exciting to see people focus on bringing together interdisciplinary aspects and optimizing the use of finance as well as the desired environment. benefits, and use the results of sustainability to achieve meaningful goals.

The IFF Global Green Finance Award, established in 2020, aims to promote sustainable financing practices in the financial sector to combat the climate crisis and achieve sustainable development.

Information about the International Financial Forum (IFF)

The International Financial Forum (IFF) is a non-profit, informal, and independent international organization founded in October 2003 by leaders from China, the United States, the European Union, and other G20 countries in consultation with emerging economies and the heads of several international organizations including the United Nations, the World Bank, and the International Monetary Fund. IFF, also known as Finance 20 (F20), is also a mechanism for permanent high-level dialogue and an organization for multilateral cooperation in the financial world.

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