NEWS & INSIGHTS
Romco Nominated For The FT/IFC Transformational Climate Change Solutions Award 2022
Selected from a global pool of over 200 applicants, Romco Group has been nominated as a finalist for the 2022 Financial Times / International Finance Corporation Awards in the Climate Change Solutions category.
The FT/IFC Transformational Climate Change Solutions Award recognises initiatives that leverage private sector expertise and finance and new technologies to ensure climate-smart solutions and environmental resilience across key productive sectors. The award is designed to acknowledge outstanding achievements in success-based transformational change toward addressing climate change. The nominees will be judged on how their organisations are harnessing disruptive technologies and business models to achieve impact and scale.
We extend our congratulations to our peers in the category who are working hard alongside us in our communal efforts to address the global climate problem: Amadeus Project LD Celulose S. A., HomeBiogas, Cropin, Moove, and Paladin Realty Partners, LLC.
Learn more about the innovators we are proud to share the nomination with here: https://transformationalbusiness.live.ft.com/page/2145764/shortlist
Stay tuned to see who will take home the Award on October 25…
More About The FT/IFC Transformational Business Awards 2022 From FTLive:
The Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, are pleased to present the 2022 edition of the FT/IFC Transformational Business Awards, the leading global initiative that highlights and promotes ground-breaking, long-term private sector solutions to major development challenges. This latest programme marks 17 years of collaboration between the FT and IFC on awards that have had a substantial impact on the way financial and non-financial organisations approach sustainable investment.
Developing countries face multiple social, humanitarian, environmental and structural economic challenges amid a continuing pandemic, renewed efforts to address climate change, and the impact of conflict on fragile nations, communities, infrastructure and supply chains. To reflect this, the 2022 awards feature three core categories: Transformational Human Capital Solutions will group entries in healthcare and education, underlining the urgent need to protect and invest in people; Transformational Climate Change Solutions will focus on initiatives in key productive sectors, such as infrastructure, supply chains and agriculture, that address the climate emergency; and Transformational Finance Solutions will highlight the most innovative impact funds that are helping to scale up promising opportunities.
Gender-Lens Finance underlines the continuing need to counter discrimination against women and girls and ensure they can contribute to broader economic development. New Frontiers is designed to promote exciting ideas that may not meet the eligibility criteria for the core categories but have the potential, with additional funding, to have a transformational impact on the challenges they are targeting.
The aim across all categories is to recognise and showcase innovation, impact, replicability, financial viability and sustainability. The judging panel will look at how organisations are harnessing disruptive technologies and business models to achieve impact and scale. Entries are particularly welcome from organisations with initiatives that may provide solutions in fragile and conflict-affected states.
Only initiatives that have been implemented since 2016 will be eligible. Entries to the human capital, climate change and gender-lens categories must have annual revenues of at least US$3 million or have raised capital of at least US$5 million, to be eligible. For the impact investing category, the minimum fund size is $100 million.
The winner in each category will be announced at a special awards ceremony that will also include the FT/IFC Transformational Business Conference, a major gathering of thought leaders who will explore and debate the issues generated by the Awards.