Awards for Excellence 2015: Best bank for corporate social responsibility
From supporting impact investment and leading from the front as the green bond market flourishes, to backing women entrepreneurs and mentoring young people, Bank of America Merrill Lynch has done it all in the last 12 months.
Best bank for corporate social responsibility:
Bank of America Merrill Lynch
In the face of some of the worst headlines to hit the banking sector and as billions of dollars in fines were handed out for bad behaviour, the corporate and social responsibility teams at banks around the world continued to be beacons of light this year.
The submissions for this category flooded in from banks all over the world and each and every one deserves recognition. CaixaBank once again made the shortlist with its impressive know-how built up supporting the Spanish population and economy being exported to help communities in Africa, Latin America and Asia.
The integration of CSR performance in the variable compensation scheme for the top 5,000 managers at BNP Paribas also caught the panels’ eye, while at HSBC the environmental protection work is of the highest order.
But it was the all-round effort of Bank of America Merrill Lynch that won the bank the award this year. The impressive launch of the Catalytic Finance Initiative, with CEO Brian Moynihan taking to the floor of the UN’s General Assembly to announce the plan, was the icing on the cake of an outstanding year in CSR.