GUANGZHOU, China, Dec. 4, 2022
/PRNewswire/ -- The International Finance Forum (IFF) presented the
IFF Global Green Finance Award during its global annual meeting on
Dec. 3, as the organization continues
to promote green finance and recognize institutions that
have made significant efforts in sustainable
development worldwide.
The annual award is granted to institutions that have
contributed greatly to global, regional or national sustainable
development through green finance practices, and carried out
projects that help achieving carbon peak and carbon
neutrality, addressing climate change and biodiversity
conservation.
This year, the IFF granted the award to 20 world-renowned
institutions that have demonstrated exceptional efforts in
practising green finance. The recipients include London Stock
Exchange Group (LSEG), China Construction Bank Corporation, Société
Générale S.A., UBS Group AG, PricewaterhouseCoopers, China Asset
Management Co. Ltd., Ping An Bank Co. Ltd., China Energy
Conservation & Environmental Protection Group, Bank of Beijing
Co. Ltd. and Shenwan Hongyuan Group Co. Ltd., amongst others.
David Schwimmer, chief executive
of LSEG, said LSEG is proud to be recognized by the IFF for its
efforts to deliver sustainability products and services to clients
around the world.
He added that LSEG commends the IFF for its long-standing
commitment to discussing sustainable finance.
In a speech during the 2022 IFF Annual Meeting, United Nations
Secretary-General António Guterres said that the window to prevent
climate catastrophe is closing fast.
"Everyone must play their part and fully align their business
models with the 2030 Agenda and climate goals. International
financial institutions and development banks must adjust their
approach to risk and systematically leverage private finance for
developing countries at reasonable costs," said Guterres.
Dame Jenny Shipley, co-chair of
the board of judges of the IFF Global Green Finance Awards and
former prime minister of New
Zealand, said it's exciting to see that people are
turning their mind to how to bring multi-disciplinary facets
together using finance and also desired environmental and
sustainability outcomes, to actually achieve meaningful goals.
Established in 2020, the IFF Global Green Finance Award
strives to promote sustainable finance practice in the finance
sector so as to combat the climate crisis and achieve sustainable
development.
About International Finance Forum
(IFF)
The International Finance Forum (IFF) is a non-profit,
non-official independent international organization founded in
October 2003 by leaders from
China, the US, the EU and the
other G20 countries, in concert with emerging economies and the
leaders of multiple international organizations, including the UN,
the World Bank and the IMF. Also known as the Finance 20 (F20), the
IFF is also a high-level permanent dialogue mechanism and
multilateral cooperation organization within the world of
finance.
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SOURCE International Finance Forum (IFF)