The Financial Times and Citi Private Bank Launch Environmental Awards

From: Financial Times
Published: Wed Mar 21 2007

The Financial Times and Citi Private Bank are pleased to announce the launch of their inaugural Environmental Awards. The Awards mark the first ever initiative to recognise the environmental performance of Large and Small/Medium enterprises from around the world.

The judging panel is made up of the following environmental experts:

- Fiona Harvey, Environment Correspondent, Financial Times (Chair)
- Marianne Hay, Chief Executive Officer, Citigroup Global Wealth Management, Europe
- Tom Delay, Chief Executive, The Carbon Trust
- Rachel Kyte, Director of Environment and Social Development, IFC
- Robert Napier, Chief Executive Officer, WWF and Chairman of the Board, Met Office
- Robert Repetto, Professor in the Practice of Economics and Sustainable Development, Yale School of Forestry and Environmental Studies
- Simon Thomas, Chief Executive, Trucost

The judges will look at the quantitative improvements made by companies in reducing their carbon emissions, and how this efficiency compares to their peers.

Trucost Plc will act as the technical partner for the awards to ensure objective monitoring and assessment of the carbon disclosures of companies.

There are six awards available:
- Greatest Improvement in Carbon Efficiency Achieved by a Large Enterprise
Three Regional Awards: EMEA, Asia Pacific and The Americas
- Greatest Improvement in Carbon Efficiency Achieved by a Small/Medium Enterprise
Three Regional Awards: EMEA, Asia Pacific and The Americas

An awards gala dinner will take place on September 19th in London where two global awards will also be presented to the two companies who have demonstrated the greatest improvement in carbon efficiency in their respective categories.

Lionel Barber, Editor of the Financial Times, said: "The FT is delighted to be launching the Environmental Awards with Citi Private Bank. Climate change and carbon efficiency is an issue that all companies across the world need to deal with and adapt to. These awards will be the first to recognise which companies are managing their emissions to meet the environmental challenge and I look forward to seeing the results."

Marianne Hay, CEO of Citi Global Wealth Management for Europe, commented: "Embracing guiding principles that will protect the environment for ourselves and for generations to come is a focus for Citi and for many of our clients around the world. Honouring those who have successfully and meaningfully addressed the reality of climate change with concerted efforts, leadership and innovation, shines a deserved spotlight on their achievement and better informs the efforts of us all."

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