Finally more Carrot and less stick for the Banks

The FT Sustainabile banking awards have drawn 90 entries from 48 banks, to reward banks than have improved their environmental and social performance. It is good to see a more possitive approach to support those banks that have taken steps to improve their performance.

The awards are the first global programme dedicated to recognising banks that have shown leadership and innovation in integrating social and environmental objectives into their operations, while still maximising financial gain for their shareholders.

Banks have entered for awards in one or more of five categories: Sustainable Bank of the Year, Emerging Markets Sustainable Bank of the Year, Sustainable Bankers of the Year, Sustainable Deal of the Year and Sustainable Energy Finance Deal of the Year. Each category will have a shortlist of five finalists, and the winners will be announced at a special awards dinner in London on June 12.

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