Background

As energy consumption soars with the rapid growth in population and economy amid rising challenges of climate change worldwide, green growth has become an important path for economic development and a priority towards a low-carbon economy, which may save the planet that we living on. To this end, the International Finance Forum (IFF) initiated the IFF Global Green Finance Award in 2020 to reward innovative green finance solutions worldwide. This award, which leverages IFF's global resources, aims to encourage international cooperation and exchange of successful practices in this area, to support sustainable development and achieve the Sustainable Development Goals of the United Nations.

The IFF Global Green Finance Award is targeting applicants offering 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 reduction. It is a global call for innovations and application practices in policy, system, industry, services, technology and talent building.

Since the Award was launched in 2020, it has been successfully held for four consecutive years, with a total of 40 institutions and 30 projects selected for the annual and innovation awards, and 3 institutions for the spark award. The IFF Global Green Finance Award 2024 officially launches global recruitment on May 15, 2024. The award ceremony will be held during the IFF Global Annual Meeting on November 24, 2024.

Salient features of the 2024 awards


Participation in high-level dialogue:

  • One representative of the winner will be eligible to attend the 2022 IFF Annual Meeting, a high-level dialogue platform in global finance;
  • Medal and certificate from 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:

  • Reports and publicity in global mainstream media will improve the winner’ green finance credentials, and enhance brand image and popularity.

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:

1. 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.

2. 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.

3. Improve the level of internationalization. A new award highlighting international cooperation is established to promote and expand the dialogue on green financial cooperation under existing international cooperation mechanisms.

4. 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.

Info

  • Award Features
  • Evaluation Indicators

    The IFF Global Green Finance Award consists of Annual Awards for institutions and Innovation Awards for innovative projects and International Cooperation Award.

  • 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)

  • International Cooperation Award

    Granted to institutions or projects that have made significant contributions to the bilateral or multilateral international cooperation in the green finance development, especially those that have made significant achievement in the international cooperation in promoting green transformation, addressing climate change, and promoting the achievement of sustainable development goals. (Max. 5 winners)

    Annual Award: 7 primary indicators and 15 secondary indicators.

    Innovation Award: 6 primary indicators and 13 secondary indicators.

    International Cooperation Award: 4 primary indicators and 11 secondary indicators.

    Eligibility Criteria for Applicants

  • 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.

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

Message from Judges

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