Infrastructure 360 Awards

IDB Announces Winners of Inaugural Infrastructure 360º Awards

Mar 28, 2014

IDB Announces Winners of Inaugural Infrastructure 360º Awards

Winning projects in the Dominican Republic, Mexico and Peru exemplify leadership in climate and environment, social impact, governance and innovation

COSTA DO SAUÍPE, BRAZIL – Inter-American Development Bank President Luis Alberto Moreno announced the three winners of the inaugural Infrastructure 360º Awards. The Los Cocos Wind Farm project in the Dominican Republic was selected as the winner of the People and Leadership category, the Aura Solar Project in Mexico won in the Climate and Environment category, and the Metro Lima Line 1 in Peru was named the winner of the Infrastructure 360º Award as the project demonstrating the most comprehensive implementation of a sustainability strategy.

The IDB Private Sector Infrastructure Sustainability Awards, or the Infrastructure 360° Awards, seek to identify, assess and reward sustainable infrastructure investments made by the private sector and public-private partnerships in the IDB´s 26 borrowing member countries in Latin America and the Caribbean. The main objective of the awards, developed jointly by the IDB and the Harvard Zofnass Program for Sustainable Infrastructure, is to help identify and promote ways in which sustainability is integrated during the planning, design, construction and operation of infrastructure projects. Eligible projects must have been under construction or in operation for no more than two years prior to last year´s deadline for submission, and have a total investment of $30 million or more.

In bestowing the awards President Moreno observed, “A growing number of leading infrastructure firms have come to believe that the integration of strong sustainability practices is key to the successful implementation of their projects. These awards recognize those infrastructure leaders.” Renowned architect Sir Norman Foster congratulated the awardees in a recorded message and noted “Infrastructure is wide in its interpretation. It´s about public space, it´s about systems of power, of servicing, of connecting. A significant proportion of the world needs infrastructure to raise their quality of life.”

The awards initiative was launched in Panama in March 2013. More than 60 applications were received from 18 countries in the energy, transport, water supply, water treatment and solid waste/sanitation, and telecommunications sectors. Each project was submitted online through a self-evaluation tool developed by the Harvard Zofnass program. The IDB announced the 12 finalists in October 2013. Each finalist submitted additional documents and materials that were reviewed by the Harvard Zofnass team, which then prepared a detailed assessment of each project for review by the nine-member panel of international experts that chose the winners.

The ceremony took place as part of as part of the IDB Group´s 2014 Annual Meeting in Costa do Sauípe, Brazil.

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beyondBanking Awards honor sustainability in the financial sector

Mar 27, 2014

IDB announces the winners of the fourth annual beyondBanking Awards

Financial intermediaries from Latin America and the Caribbean are recognized for their sustainability work in region’s financial sector

COSTA DO SAUÍPE, Brazil – The Inter-American Development Bank (IDB) announced today the winners of the fourth annual beyondBanking awards that recognize the best projects and initiatives in the region contributing to the creation of a more sustainable financial sector. The awards will be given in a special ceremony at the Bank’s Annual Meeting taking place in in Costa do Sauípe, Bahia, Brazil. This year, financial intermediaries from Bolivia, Brazil, Colombia, Honduras, Mexico and Peru won the awards for their sustainable banking practices.

Created in 2010, the awards seek to identify, share and inspire good practices in Latin America and the Caribbean’s financial sector. The award categories reflect distinct types of sustainable development actions, from financial inclusion strategies to the application of new technologies, as well as sustainability reports and projects that reduce the effects of climate change, among others.

The winners by category were the following:

  • accessBanking Award: promotion of financial inclusion strategies

Agentes Atlántida – Banco Atlántida (Honduras)

  • clearBanking Award: strengthening corporate governance, transparency and the use of sustainability reports

Reporte de sostenibilidad Bancóldex – Bancóldex (Colombia)

  • connectBanking Award: dissemination of new information and communication technologies

Canales de Acceso BancoSol – Banco Solidario (Bolivia)

  • equalBanking Award: support for diversity and gender equality

Acciones de accesibilidad Bradesco – Bradesco (Brasil)

  • learnBanking Award: development of financial education as a tool for responsible financial decision-making

Educación financiera BCP – Banco de Crédito del Perú (Perú)

  • planetBanking Award: searching for answers to the effects of climate change

Programa Reduzca e Compense CO2 – Banco Santander (Brasil)

  • Socially responsible/Impact investment Award: the most socially responsible or impact investment

Fondo responsable B+Educa – BBVA Bancomer (México)

  • People’s choice Award: project with the most popular support

Educación financiera BCP – Banco de Crédito del Perú (Perú)

“We created this award to identify the best sustainability practices in the financial industry in Latin America and the Caribbean and contribute to disseminate successful initiatives that combine economic with social and environmental returns,” said Gema Sacristan, Chief of the Financial Markets Division of the IDB and in charge of the beyondBanking program. “Over the years both the number of applicants and the quality of the projects have increased, which makes us very proud. ”

The awardees were chosen from over a hundred proposals for the seven categories. A Committee of Experts selected the best twenty-one proposals, three per category. Finally, the winner was selected by the public through an online vote.

About beyondBanking

The beyondBanking program is the strategy of the Financial Markets Division of the Structured and Corporate Finance Department and promotes social, environmental and corporate governance practices among financial intermediaries in Latin America and the Caribbean. It was created in order to contribute to the Bank of the Future – a financial business model that combines financial profitability with social and environmental returns; values principles of transparency, responsibility and integrity; seeks to reach more people through more channels; and respects the environment and community in which it operates.

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