2016 finalists press release

Finance for the Future Awards 2016 finalists announced.

The shortlist for this year’s Finance for the Future Awards is unveiled today by the founding organisations, ICAEW and A4S, and their partner Deloitte. The awards recognise finance functions that demonstrate sustainable business practices throughout their operations. Now in its fifth year, the winners will be announced in London at an awards ceremony on 13 October 2016.

The Finance for the Future Awards celebrate and recognise the role of the finance function within organisations, and the wider finance community, in helping to build resilient organisations through embedding environmental and broader social issues into their decision making. Since the inaugural awards in 2012, they have continued to grow and this year sees the addition of two new categories. These include the awards for communicating integrated thinking and investing and financing. 2015 winners included Scottish Hydro Electric Transmission, Carbon Tracker Initiative and Sussex Community NHS Trust.

The 2016 categories and finalists are:

Large business - Recognises businesses with a turnover of more than £100m or more than 1,000 employees:

  • Auckland Airport
  • Coca-Cola Hellenic Bottling Company
  • Skanska UK
  • United Utilities

Public sector and third sector – Recognises those organisations that are (part of) a government department or local authority, charities or not-for-profit organisations:

  • Climate Disclosure Standards Board
  • Forest Enterprise England, an agency of the Forestry Commission
  • HM Treasury

Communicating integrated thinking – Recognises organisations that demonstrate a sustainable business model through the use of “integrated thinking” in communications:

  • CLP Holdings
  • Coca Cola Hellenic Bottling Company
  • DBS
  • John Lewis Partnership
  • Novo Nordisk
  • United Utilities

Investing and financing – Recognises organisations that advise on financial products and investors whose activity has had sustainable outcomes:

  • Bridges Ventures
  • CCLA Investment Management
  • Easypaisa
  • WHEB Asset Management

Innovative new idea – Recognises groups or individuals that have developed new and innovative ideas that will have tangible impacts on one or more of the Global Goals for Sustainable Development:

  • Armen Papazian, Finoptek
  • OnGen
  • Prospus Group
  • The Public Services Lab (PSL) - a joint venture established by integrated services provider Interserve, social finance experts ClubFinance, social business Catch22 and independent financial institute with a social mission Big Society Capital

Richard Spencer, Head of Sustainability at ICAEW said: “These finalists have made the grade because their finance function has showed tremendous dedication to addressing the serious environmental and social challenges we face. They have demonstrated that they not only understand the critical need for sustainability to be embedded at the heart of their operations, but how finance can lead the way in integrating this across all levels of their business. Transformational change will only come by changing the way that we view and do business, and these are the companies that are leading the way.”

Jessica Fries, Executive Chairman at A4S said: “Finance has a vital role to play in creating sustainable business. This year’s finalists provide inspiration, showing how economic, social and environmental challenges can be tackled through integration into decision making, benefiting both the organization itself and society as a whole.” 

Veronica Poole, global IFRS leader and UK head of accounting at Deloitte, said: “This year’s shortlist emphasises the global reach of these awards. For the first time the awards are specifically rewarding the communication of integrated thinking. A strong list of entrants for the new category demonstrates that for many companies around the globe the dialogue with investors and other providers of financial capital is becoming more focused on sustainable business models that deliver long-term value.”

– ENDS –

 

Media enquiries:

Contact James Douglass, ICAEW Media Relations Manager, tel: +44 (0)207 920 8616, email: james.douglass@icaew.com

Contact Deborah McSkimming, A4S Senior Communications Officer, tel: +44 (0)20 7024 5701, email: deborah.mcskimming@royal.gsx.gov.uk

Contact Fern Hammond, Deloitte press office, tel: +44 (0)20 7303 2329, email: fhammond@deloitte.co.uk

 

Notes to editors:

ICAEW

ICAEW is a professional membership organisation, supporting 145,000 chartered accountants around the world. Through our technical knowledge, skills and expertise, we provide insight and leadership to the global accountancy and finance profession.

Our members provide financial knowledge and guidance based on the highest professional, technical and ethical standards. We develop and support individuals, organisations and communities to help them achieve long-term, sustainable economic value.

Because of us, people can do business with confidence.

ICAEW is a founder member of the Global Accounting Alliance, which represents around 775,000 of the world's leading professional accountants in over 165 countries around the globe, to promote quality services, share information and collaborate on important international issues.

ICAEW is a founding member of Chartered Accountants Worldwide, an initiative by the leading chartered institutes to support, develop and promote the vital role that chartered accountants play throughout the global economy. It creates a community of hundreds of thousands of chartered accountants and students who share a commitment to the highest standards of professional and ethical practice.

The Prince of Wales's Accounting for Sustainability Project (A4S)

A4S was established by HRH The Prince of Wales in 2004 to mobilise action and leadership by the finance and accounting community to address the challenges to the economy and society posed by issues such as climate change, increasing depletion of and demand for natural resources, urbanization and inequality. A4S seeks to inspire action by finance leaders to support a fundamental shift towards resilient business models and a sustainable economy.

A4S works with the finance and accounting community to:

  • Inspire finance leaders to adopt sustainable and resilient business models
  • Transform financial decision making to enable an integrated approach, reflective of the opportunities and risks posed by environmental and social issues
  • Scale up action across the global finance and accounting community

A4S has two global networks: the A4S Chief Financial Officers Leadership Network, a group of CFOs from leading companies seeking to transform finance and accounting; and, the Accounting Bodies Network whose members comprise approximately two thirds of the world's accountants.

Deloitte

In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press. For more information, please visit www.deloitte.co.uk.