LONDON, March 28, 2011 /PRNewswire/ -- Sustainable finance is a type of investment that focuses on providing funding to ethical and community-level schemes. These schemes therefore provide small loans on favourable terms to a wide range of projects. As a result, a commitment to sustainable financing can result in large scale benefits to a locality, particularly in disadvantaged areas that exist out of reach of traditional models of financing.
More than just money, sustainable investment in a community has the effect of increasing the financial education of the recipients of loans.
The winners of The New Economy's Sustainable Finance Awards 2010 are institutions that have shown a significant dedication to offering finance that has a profound beneficial impact on communities and the environment. For their dedication to sustainable finance and the benefits it brings, The New Economy commends the following companies:
Best Sustainable Financial Institution Argentina Banco Galicia Best Sustainable Financial Institution Australia ANZ Best Sustainable Financial Institution Belgium KBC Best Sustainable Financial Institution Brazil Santander Best Sustainable Financial Institution Chile BCI Best Sustainable Financial Institution China Bank of Communications Best Sustainable Financial Institution Dominican Republic Banco BHD Best Sustainable Financial Institution Ecuador Banco Solidario Best Sustainable Financial Institution Egypt Banque Misr Best Sustainable Financial Institution France Dexia Asset Management Best Sustainable Financial Institution Greece Piraeus Bank Best Sustainable Financial Institution Italy Intesa Sanpaolo Best Sustainable Financial Institution India RBS India Best Sustainable Financial Institution Mexico Banco Compartamos, S.A. Best Sustainable Financial Institution Morocco BMCE Bank Best Sustainable Financial Institution Peru Mibanco Best Sustainable Financial Institution Portugal Caixa Geral de Depósitos, SA Best Sustainable Financial Institution Qatar Doha Bank Best Sustainable Financial Institution Russia Center-Invest Bank Best Sustainable Financial Institution South Africa Standard Bank Best Sustainable Financial Institution Spain Banesto Best Sustainable Financial Institution Sweden Nordea Best Sustainable Financial Institution Switzerland Bank Sarasin Best Sustainable Financial Institution Taiwan E.Sun FHC Best Sustainable Financial Institution Turkey TEB Best Sustainable Financial Institution Uruguay Banco de la República Oriental del Uruguay Best Sustainable Financial Institution USA New Resource Bank
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