Transformational Human Capital Solutions
Transformational Climate Change Solutions
Transformational Finance Solutions – Impact Investing
Transformational Finance Solutions – Gender-lens Finance
Transformational Solutions – New Frontiers
Overall Award (selected by judges): Excellence in Transformational Business
Your organisation and the initiative that has been short-listed will be promoted in an advertisement approved by the FT in the global FT newspaper and through FT Live social media channels. Such advertisement is subject to availability as to when and where they run, and such location and dates will be determined in the sole discretion of the FT.
Your organisation will receive 5 tickets to attend the FT/IFC Transformational Business Awards dinner in London on 25 October 2022, where the Winning Entries in each Award category will be announced. Travel to and from the event and any other costs incurred in connection with attending the event are not included.
All Shortlisted Entries are presented in detail at the FT/IFC Transformational Business Awards dinner on 25 October 2022 before the Winning Entries are revealed. Attendees will also be able to network with other organisations short-listed for the Awards.
A summary of your entry will be featured on the Awards website.
Your organisation and the award-winning initiative will be promoted in an advertisement approved by the FT in the global FT newspaper and through FT Live social media channels (in addition to the promotions received as a Shortlisted Entry). Such advertisement is subject to FT’s Advertising Terms and Conditions,and availability as to when and where they run, such location and dates will be determined in the sole discretion of the FT.
A summary of your entry will be featured on the Awards website.
Terms & Conditions
The FT/IFC Transformational Business Awards are a leading global initiative that highlights and promotes ground-breaking, long-term private sector solutions to major development challenges.
These terms and conditions set out instructions for how to take part in the FT/IFC Transformational Business Awards (the “Awards”). By entering the Awards, entrants agree to these terms and conditions and acknowledge that failure to comply with them may result in disqualification. No purchase is necessary to enter.
OVERVIEW OF THE AWARDS
This year’s programme marks 17 years of collaboration between the Financial Times and the International Finance Corporation (IFC), a member of the World Bank Group, on awards that have had a substantial impact on the way financial and non-financial organisations approach sustainable investment. The Transformational Business Awards are open to all private sector organisations, as well as NGOs that can meet the judging criteria.
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: Transformation 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 and effective impact funds that are helping to scale up promising opportunities.
Last year’s Gender-Lens Finance category is retained to underline the continuing need to counter discrimination against women and girls and ensure they can contribute to, and be included in, broader economic development.
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 2022 programme will also introduce a special New Frontiers category designed to promote exciting deep tech 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.
All valid entries will be judged against the judging criteria by a panel of experts from the IFC and the Financial Times in order to select up to 5 short-listed entries per Core Award Category (each a “Shortlisted Entry” and together the “Shortlisted Entries”). From the shortlisted entries, one winning entry and potentially one special commendee will be selected per Core Award Category by a panel of independent judges (each a “Winning Entry” and together the “Winning Entries”). The judging panel will also select the winner of the Excellence in Transformational Business prize, which is awarded to one of the winners of the core categories. At the judges meeting, the panel reserves the right to create a special award to recognise a short-listed entry of exceptional quality. You can view the judging panel here.
The winner in each category will be announced at a special awards ceremony in London on 25 October 2022 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.
The Financial Times and IFC began working together on sustainability-focused awards in 2005, beginning with the FT/IFC Sustainable Banking Awards, which evolved into the Sustainable Finance Awards in 2011 and the Transformational Business Awards in 2014.
Entries will be accepted until July 31, 2022 in the following categories:
The judging panel for 2022 will be available on the website: https://transformationalbusiness.live.ft.com/home. The judging panel will look at how organisations are harnessing disruptive technologies and business models to achieve impact and scale.
The Transformational Business Awards are open to all private sector organisations, as well as NGOs that can meet the judging criteria. 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.
The Financial Times Limited and the International Finance Corporation, and their associated companies and agencies are not eligible to take part in the Awards.
By submitting an entry on behalf of an organisation, you warrant that you have the requisite authority and/or have obtained the organisation’s consent for entering the Awards and these terms and conditions on its behalf.
HOW TO ENTER
The Awards open for entries on 25 May 2022 at 5pm BST, and the deadline for entries is 31 July 2022 at 11:59pm BST.
All submissions must be made via the website (https://transformationalbusiness.live.ft.com) by completing and submitting the online form. Please note that entry will require internet access and you will first need to register an account before you can access the submissions website. Please also note that word limits are enforced in the online form.
Each project/initiative is only permitted to be submitted in one Award category. The FT and IFC reserve the right to move entries from one category to another if they feel it appropriate. The FT nor IFC is not responsible for late or incomplete entries, or for entries not received.
If your entry is selected as a Shortlisted Entry in one of the Core Award Categories, your organisation will receive the following:
If the judging panel selects your entry as a Winning Entry in one of the Award categories your organisation will receive the following:
The results of the Awards are final and no correspondence will be entered into.
Those selected as Shortlisted Entries will be notified by 15 September 2022 by email and/or phone. Those selected as Shortlisted Entries may be required to provide a promotional video about the project/initiative selected as a Shortlisted Entry and by providing such promotional video the entrant grants the FT and IFC a worldwide, non-exclusive, sub-licensable, irrevocable and royalty-free licence to use, display, publish, transmit, copy and edit such promotional video, in whole or in part, in any way and in any media, whether now known or invented in the future.
Those selected as Winning Entries and Special Commendations will be notified at the FT/IFC Transformational Business Awards dinner in London on 25 October 2022. The dinner will be preceded by the FT/IFC Transformational Business Conference, a major gathering of thought leaders who will explore and debate the issues generated by the Awards. The names of the organisations selected as Winning Entries will also be published by the FT in the global FT newspaper.
If a Shortlisted Entry or Winning Entry cannot be contacted from the details supplied within 14 business days of notification, a replacement Shortlisted Entry or Winning Entry may be chosen at the FT and/or IFC’s discretion and will be notified by the FT and/or IFC. The original entry that was chosen will then be forfeited. FT and IFC will not be liable for any failure, delay or inability to contact a Shortlisted Entry or Winning Entry.
The Awards shall be void where prohibited by local laws or regulations, including where in FT’s and/or IFC’s reasonable opinion we cannot accept an entry or provide a prize due to sanctions laws or banking restrictions. It is the responsibility of entrants to ensure that they are able to participate in the Awards in compliance with local laws and regulations. To the fullest extent permitted by law, FT and IFC are not liable where an entrant has breached local laws and/or regulations in connection with the Awards.
FT and IFC reserve the right to cancel, suspend or amend the Awards, or any part of it (including these terms and conditions) or change the prizes (to one of equivalent or greater value) as required by the circumstances in FT and/or IFC’s sole discretion. FT and IFC reserve the right, in their sole discretion, to disqualify any organisation (or its representative) that has not complied with the letter or the spirit of these terms and conditions. Any failure by FT or IFC to enforce any provision in these terms and conditions shall not constitute a waiver of that provision.
FT and IFC accept no responsibility for the loss or damage of material submitted. FT cannot accept responsibility for or liability arising from entrants taking part in the Awards or for taking up, or not taking up, the prize. FT and IFC give no warranty or guarantee in relation to the prize and accepts no responsibility or liability for the prize being amended by FT or IFC. To the fullest extent permitted by law, FT and IFC exclude liability for all loss, damage or claim arising as a result of an organisation’s (or its representative’s) entry into the Awards or use of the prize (save in the case of death or personal injury caused by the negligence of FT or IFC).
Unless agreed otherwise, entrants retain ownership over their entry to the Awards. FT and IFC reserves the right to publish the names of the organisation and/or individuals contained in the Shortlisted Entries and Winning Entries, and the details and descriptions of all entries. By submitting an entry, all entrants grant the FT and IFC a perpetual, non-exclusive, sub-licensable, irrevocable and royalty free licence to publish details and descriptions of entries in any way and in any media whether now known or invented in the future, and also agree to participate in publicity reasonably requested by the FT and/or IFC regarding their entry. Entrants warrant that their entry does not breach any applicable laws or regulations or infringe any third intellectual property or privacy rights, and is not in any way libellous, defamatory, obscene, indecent, harassing or threatening.
By entering the Awards, entrants agree to hold each of FT and IFC harmless for liability, damages or claims for injury or loss to any person or property, relating to, directly or indirectly, participation in the Awards, or claims based on publicity rights, third party intellectual property rights, defamation or invasion of privacy.
These terms and conditions shall be governed by and construed in accordance with English law. Disputes arising in connection with the Awards shall be subject to the exclusive jurisdiction of the English courts.
The promoters are The Financial Times Limited, Bracken House, 1 Friday Street, London, EC4M 9BT and International Finance Corporation, 2121 Pennsylvania Avenue, NW Washington, DC 20433 USA.