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About THE IFF Global Green Finance Award

ABOUT

BACKGROUND

As global energy consumption soars along with rapid economic and population growth amid the rising challenges of climate change worldwide, green growth has become an essential path for economic development and a priority as part of efforts to achieve a low-carbon economy, which is the main hope for saving the planet we live 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 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.

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 launched its global recruitment on May 15, 2024. The award ceremony will be held during the IFF Global Annual Meeting on November 24, 2024.

HOST

The International Finance Forum (IFF) is an independent, non-profit, non-governmental international organization founded in October 2003 that was established by financial leaders from more than 20 countries and regions, including China, the United States, the European Union, emerging countries, and leaders of international organizations such as the United Nations, the World Bank, and the International Monetary Fund (IMF). The IFF is a long-standing, high-level platform for dialog, communication, and multilateral cooperation, and has been upgraded to F20 (Finance 20) status.

Support organizations

The IFF Foundation is responsible for raising and managing membership dues and development funds for the IFF. Committee members are representatives of well-known global financial institutes and entrepreneurs who have made great contributions to the IFF. The Foundation supplies funding to IFF and provides advice regarding the sustainable development of the organization. Its responsibilities include raising money, accepting donations, supervising funds, and collecting, managing, and utilizing membership dues.
The Silk Road International Association (SRIA) was initiated by the International Finance Forum (IFF) on September 2nd, 2016 at the IFF Annual Meeting and officially inaugurated on June 17th, 2017 with support from the United Nations (UN), the Asian Infrastructure Investment Bank (AIIB), and former political leaders, scholars, and major figures from financial institutions and enterprises in BRI countries, including Han Seung-soo, Kevin Rudd, Shaukat Aziz, Yukio Hatoyama, Jenny Shipley, HRH Prince Turki Bin Abdullah Bin Abdulaziz Al-Saud, Leung Chun-ying, Gu Shengzu, and Jin Liqun.
Established in June 2017, the GGF received support from the Nansha Administrative Committee of China (Guangdong) Free Trade Zone and was sponsored by the IFF and SRIA. As a public investment fund established for the GGGC, the fund’s main aims are green technology and finance. The GGF cooperates with Nansha International Financial Island in building a successful fund.