Saturday, 21 December 2024
The Evaluation Criteria For SF Institutional Awards
The evaluation criteria for each of our awards are designed very specifically to be able to capture quantifiable insights, but predicated on a “Belief Statement” that captures what we are looking for.
Each scorecard is based on the 'Belief Statement' that encapsulates all the dimensions that define a well run institution in this category. This Belief Statement is then broken down into its components and we then set out to identify the quantifiable data that we can use as proxy for each criterion. Each Belief Statement can be broken down into its “Elements” so that candidates will know exactly what we are looking for and how much weightage we give to each of them. Each of the “Elements” is supported by quantifiable data, some which are specific financials and others which are proxies for conceptual areas, and we add them all up into a scorecard.
The scorecard attempts to be as objective and transparent as possible, giving us an opportunity to discuss with the different participants of what we think we understand. The scorecard also presents us with an ability to subsequently draw up GAP analysis that can be universally applied in any benchmarking exercise.
Belief Statement
We seek to recognise banks that have a clear strategy for transition to a sustainable future not just for their organisations, but the whole industry and wider society they operate in. With environmental, social and governance (ESG) guided sales, operations and processes, IT infrastructure, and risk management in place, we believe the sustainable bank of the year demonstrates exceptional ESG impact by directing financial resources towards solving some of the challenging ESG issues while generating consistent and responsible financial performance.
| Dimension | Weight | Indicator |
|---|---|---|
| Responsible profit:
We want to see sustainable growth, responsible profitability not at the expense of ESG considerations. |
15% |
|
| Strategy: We want to see the ability to articulate a strategy to which we are able to connect the quantifiable performance figures to a long term and achievable story. |
15% |
|
| Collaboration: We want to see the initiatives to collaborate with external climate stakeholders/platforms/partners to promote and drive sustainability. |
15% |
|
| ESG Impact: We want to see how your sustainable initiatives/projects/businesses are viewed externally, and make difference to the whole society. |
20% |
|
| Process and Technology: We want to know how you use technologies to empower your sustainable initiatives and tech infrastructure itself. |
10% |
|
| Risk and Compliance: The framework comprising governance, policies, processes and practices to manage, mitigate ESG risks and comply with relevant regulation. |
15% |
|
| People and Organisation: We want to know if you have a mixture of incumbent and new blood in the organisation and the ability to mobilise your employees to support a programme. |
5% |
|
| Achievement in Year under Review State one key achievement in your ESG business in the year under review that has not been captured in the static data above. |
5% |
|
Belief Statement
We seek to recognise banks with a proposition to serve SMEs in ESG integration and transition. We believe the sustainable SME bank of the year has a clear strategy for transition to a sustainable future for its SME customers as well as the organisation itself. With environmental, social and governance (ESG) guided sales, operations and processes, IT infrastructure, and risk management in place, we believe the sustainable SME bank of the year demonstrates exceptional ESG impact by directing financial resources towards solving some of the challenging ESG issues while generating consistent and responsible financial performance.
| Dimension | Weightage | Indicator |
|---|---|---|
| Strategy: We want to see the ability to articulate a strategy to which we are able to connect the quantifiable performance figures to a long term and achievable story. |
20% |
|
| ESG Impact: We want to see how your sustainable initiatives/projects/businesses are viewed externally, and make difference to the whole society. |
30% |
|
| Responsible profit: We want to see sustainable growth, responsible profitability not at the expense of ESG considerations. |
15% |
|
| Risk and Compliance: The framework comprising governance, policies, processes and practices to manage, mitigate ESG risks and comply with relevant regulation. |
20% |
|
| Process and Technology: We want to know how you use technologies to empower your sustainable initiatives and tech infrastructure itself. |
10% |
|
| Achievement in Year under Review State one key achievement in your ESG business in the year under review that has not been captured in the static data above. |
5% |
|
Belief Statement
We seek to recognise banks with a proposition to serve clients’ wealth management needs on an ESG compliant and sustainable basis. We believe the sustainable wealth management bank of the year has a clear strategy for transition to a sustainable future for its wealth clients as well as the organisation itself. With environmental, social and governance (ESG) guided sales, operations and processes, IT infrastructure, and risk management in place, we believe the sustainable wealth management bank of the year demonstrates exceptional ESG impact by directing financial resources towards solving some of the challenging ESG issues while generating consistent and responsible return for its wealth clients.
| Dimension | Weightage | Indicator |
|---|---|---|
| Strategy: We want to see the ability to articulate a strategy to which we are able to connect the quantifiable performance figures to a long term and achievable story. |
15% |
|
| Asset under management: We want to assess the brand promise that your institution enjoys in your marketplace and reflected in your ability to attract clients to place their assets with you. |
15% |
|
| Responsible profit: We want to see sustainable growth, responsible profitability not at the expense of ESG considerations. |
20% |
|
| Customer: We want to know if your customers value you more than your competitor through their experiences of ESG focus. |
15% |
|
| ESG Impact: We want to see how your sustainable initiatives/projects/businesses are viewed externally, and make difference to the whole society. |
20% |
|
| Risk and Compliance: The framework comprising governance, policies, processes and practices to manage, mitigate ESG risks and comply with relevant regulation. |
10% |
|
| Achievement in Year under Review State one key achievement in your ESG business in the year under review that has not been captured in the static data above. |
5% |
|
Belief Statement
We seek to recognise digital banks that have a clear strategy for transition to a sustainable future not just for their own organisations, but the whole industry and wider society they operate in. With environmental, social and governance (ESG) guided sales, operations and processes, IT infrastructure, and risk management in place, we believe the sustainable digital bank of the year demonstrates exceptional ESG impact by directing financial resources towards solving some of the challenging ESG issues while generating consistent and responsible financial performance.
| Dimension | Weight | Indicator |
|---|---|---|
| Strategy and Leadership: We want to see the ability to articulate a transformative and sustainable digital strategy to which we are able to connect the quantifiable performance figures to a long term and achievable story. |
15% |
|
| Responsible profit: We want to see sustainable growth, responsible profitability not at the expense of ESG considerations. |
20% |
|
| ESG Impact: We want to see how your sustainable initiatives/projects/businesses are viewed externally, and make difference to the whole society. |
30% |
|
| Ecosystem We want to see whether you can collaborate well with other ESG and sustainable ecosystem players. |
10% |
|
| Process and Technology: We want to know how you use technologies to empower your sustainable initiatives and tech infrastructure itself. |
10% |
|
| Risk and Compliance: The framework comprising governance, policies, processes and practices to manage, mitigate ESG risks and comply with relevant regulation. |
10% |
|
| Achievement in Year under Review State one key achievement in your ESG business in the year under review that has not been captured in the static data above. |
5% |
|
Belief Statement
We seek to recognise non-bank platform with a proposition to serve clients’ wealth management needs on an ESG compliant and sustainablebasis. We believe the sustainable wealth management platform of the year has a clear strategy for transition to a sustainable future for its wealth clients as well as the platform itself. With environmental, social and governance (ESG) guided sales, operations and processes, IT infrastructure, and risk management in place, we believe the sustainable wealth management platform of the year demonstrates exceptional ESG impact by directing financial resources towards solving some of the challenging ESG issues while generating consistent and responsible return for its wealth clients.
| Dimension | Weight | Indicator |
|---|---|---|
| Strategy and Leadership: We want to see the ability to articulate a transformative and sustainable digital strategy to which we are able to connect the quantifiable performance figures to a long term and achievable story. |
15% |
|
| Responsible profit: We want to see sustainable growth, responsible profitability not at the expense of ESG considerations. |
20% |
|
| ESG Impact: We want to see how your sustainable initiatives/projects/businesses are viewed externally, and make difference to the whole society. |
30% |
|
| Ecosystem We want to see whether you can collaborate well with other ESG and sustainable ecosystem players |
10% |
|
| Process and Technology: We want to know how you use technologies to empower your sustainable initiatives and tech infrastructure itself. |
10% |
|
| Risk and Compliance: The framework comprising governance, policies, processes and practices to manage, mitigate ESG risks and comply with relevant regulation. |
10% |
|
| Achievement in Year under Review State one key achievement in your ESG business in the year under review that has not been captured in the static data above. |
5% |
|