Footprint Network Blog - Footprint for Finance
Footprint-influenced Bond Ratings Win Key Finance Award
08/15/2011 11:01 PM
Global Footprint Network partner Bank Sarasin has been honored with the City of London’s Sustainable City Award for its innovative financial analysis using Ecological Footprint accounting as a credit risk factor in assessing government bonds.
The judges chose the Swiss banking firm as the overall winner for “research into how being green affects a nations’ growth prospects,” according to a press release issued by the prize committee. “This ‘green is good for the economy’ message is all the more powerful for having come from a bank rather than an NGO.”
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