IFF Global Green Finance Award 2024

This award, which leverages IFF’s global resources, aims to encourage international cooperation and the exchange of successful practices in this area, as well as to support sustainable development and achieve the United Nations’ Sustainable Development Goals.

The IFF Global Green Finance Award is targeting applicants who offer green financial solutions that promote the transformation of economic growth modes, contribute to pollution prevention, and control and address climate change, as well as improve energy efficiency, energy conservation, and emission reductions. It is a global call for innovation and application practices in policies, systems, industries, services, technologies, and talent building.

Goals and Principles

• The IFF Global Green Finance Award is conducted with the goals of encouraging and attracting the participation of a more diversified institutions from different sectors while ensuring the quality and standards of the awards. It also aims to increase the proportion of international institutions and projects in applicants and award-winners, and strengthen the international influence of the awards, so as to advance green transformation and climate response in a wider range of fields and actively promote the achievement of the “dual carbon” goal and the UN Sustainable Development Goals (SDGs).
• Based on the above goals, and integrating the experiences from previous awards and feedback from experts and institutions, the following principles are proposed for the IFF Global Green Finance Award 2024:
  • Maintain continuity and consistency, with the core framework of the award, including the purpose, features, selection process, and evaluation indicators remaining essentially unchanged. Maintain rigorous review through the whole application process to ensure the authority, fairness, and representation of the awards.
  • Encourage the participation of projects covering multiple industries and involving cross-industry collaboration, and attract a wider range of industry institutions, solutions, and practical cases for participation, while financial participation in promoting progress and innovation remains an underlying consideration.
  • Be pragmatic, rigorous, and innovation-driven. Balance between innovation and replicability, social impact, and economic benefits, while taking into account the differences in industries and stages of development

Award Features

• Participation in high-level dialog:
  • One representative from the winning company will be eligible to attend the 2024 IFF Annual Meeting, a high-level dialogue platform in global finance;
  • Medal and certificate from the IFF.
• Accreditation by authorities:
  • The Jury is composed of distinguished leaders and scholars from the global economic and financial realms.
• Attention from key stakeholders:
  • Face-to-face communication with prominent figures in global green finance;
  • Winners are revealed and propagated in the IFF Global Annual report.
• Significant international influence:
  • Positive reports and publicity in global mainstream media will improve the winner’s green finance credentials and enhance their brand image and popularity.

Award Category

• The IFF Global Green Finance Award consists of Annual Awards for institutions and Innovation Awards for innovative projects.
  • Annual Award
    • Granted to the institutions that have significant achievements in green finance practices, especially those that have outstanding performances in promoting carbon peak and carbon neutrality goals at the global, regional, or national level, and are committed to addressing climate change and biodiversity conservation. The institution needs to make outstanding contributions to sustainable development but also its green finance business must be both sustainable and profitable. (Max. 10 winners)
  • Innovation Award
    • Granted to the projects that demonstrate significant innovation in the field of green finance, especially those that have made significant contributions to promoting green transformation, achieving carbon peak and carbon neutrality goals, effectively addressing climate change challenges, and promoting the sustainable development goals. The Innovation Award covers, but is not limited to, innovative practices and solutions in policy formulation, institutional construction, industry development, service systems, technological innovation, and talent cultivation. (Max. 10 winners)

Eligibility Criteria

• Any institution that carries out activities which foster green finance development and produce real benefits are eligible to apply for the Awards, including public and private companies from different industries, as well as government agencies and non-profit organizations.
• The applicant must have been founded/registered for no less than three years as of the award application start date and must have no record of illegal or non-compliant behavior within the past three years.
• The applicant must have made actual economic, environmental or social impacts in green transition, climate change, and sustainable development.
• No threshold is set for the scale of the project and the scale of its economic, environmental or societal impacts.
• The applicant can apply for only one of the award categories.

Ineligibility Criteria

• Previous winners of the Award are discouraged from reapplying same category of the Award.

For more information, visit International Finance Forum.