Global Finance has announced the winners of its fifth annual Sustainable Finance Awards, honoring achievements in 2025. Winners across multiple regional categories are presented here. Honorees have also been chosen in global categories and in 53 countries, territories and districts. These awards are listed in separate press releases available on GFMag.com.
A full report on Global Finance’s Sustainable Finance Awards 2025 will be published in the March print and digital editions as well as online at GFMag.com. Winners will be honored at Global Finance’s Investment Bank and Sustainable Finance Awards Ceremony on May 13 at London’s iconic Searcy’s at the Gherkin.
This awards program recognizes global, regional and local leadership in Sustainable Finance—funding for initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future for humanity.
Winners have been chosen in areas such as overall sustainability financing, excellence in bond issues, community support, resource management, transparency and reporting, infrastructure and emerging-markets sustainability funding.
“Sustainable finance continues to demonstrate remarkable growth. However, challenges like greenwashing, inconsistent regulatory standards, and limited data transparency remain significant barriers to fully embedding sustainability into mainstream financial systems,” said Joseph Giarraputo, founder and editorial director of Global Finance. “Global Finance’s Sustainable Finance Awards recognize financial institutions that excel in supporting a comprehensive range of initiatives essential for a sustainable future while demonstrating creativity in addressing long-term challenges.”
Regional winners were chosen by the editors of Global Finance, based on entries, which were required for consideration, as well as independent research. Criteria for evaluation included governance policies and goals as well as measurable achievements in environmental and social sustainability financing. This awards program focuses on activities from January 2024 to December 2024.
Global Finance’s awards and recognition programs are the trusted standard of excellence for the financial industry. They are backed by a 38-year history of editorial accuracy and integrity. Global Finance’s corporate and financial audience relies on these awards because they are credible, reliable and have stood the test of time.
The list of winners of Global Finance’s Sustainable Finance Awards Regional Honorees for 2025 follows.
Country, Territory and District Award Winners
AFRICA
Best Bank for Sustainable Finance | Standard Bank Group |
Sustainable Finance Deal of the Year | Absa (Developing African Capital Markets w/ the Tanga Water Infrastructure Green Revenue Bond) |
Best Impact Investing Solution | Absa |
Best Bank for Sustainable Infrastructure/Project Finance | Rand Merchant Bank |
Best Bank for Sustainable Financing in Emerging Markets | CIB |
Best Bank for Green Bonds | Rand Merchant Bank |
Best Bank for Social Bonds | Rand Merchant Bank |
Best Bank for Sustainable Bonds | Societe Generale Madagasikara |
Best Bank for Sustaining Communities | Societe Generale Madagasikara |
Best Bank for ESG-Related Loans | Standard Bank |
Best Bank for Sustainability Transparency | CIB |
Best Bank for Transition/Sustainability Linked Loans | Standard Bank |
ASIA-PACIFIC
Best Bank for Sustainable Finance | DBS |
Sustainable Finance Deal of the Year | CTBC (Project Trinity/Offshore Wind) |
Best Platform/Technology Facilitating Sustainable Finance (Non-Bank) | Central China Depository & Clearing Co |
Best Bank for Sustainable Infrastructure/Project Finance | Societe Generale |
Best Bank for Sustainable Financing in Emerging Markets | Maybank |
Best Bank for Green Bonds | Bank of China |
Best Bank for Social Bonds | Industrial Bank of Korea |
Best Bank for Sustainable Bonds | BPI |
Best Bank for Sustaining Communities | BPI |
Best Bank for ESG-Related Loans | DBS |
Best Bank for Sustainability Transparency | Maybank |
Best Bank for Transition/Sustainability Linked Loans | DBS |
CENTRAL & EASTERN EUROPE
Best Bank for Sustainable Finance | OTP Bank |
Sustainable Finance Deal of the Year | Akbank ($500M Sustainability Senior Unsecured Eurobond) |
Best Impact Investing Solution | Isbank |
Circular Economy Commitment Award | VUB Ban |
Best Bank for Sustainable Infrastructure/Project Finance | Akbank |
Best Bank for Sustainable Financing in Emerging Markets | Akbank |
Best Development Bank for Sustainable Finance | Development and Investment Bank of Türkiye |
Best Bank for Green Bonds | Raiffeisen Bank International |
Best Bank for Social Bonds | Akbank |
Best Bank for Sustainable Bonds | Raiffeisen Bank International |
Best Bank for Sustaining Communities | Akbank |
Best Bank for ESG-Related Loans | Raiffeisen Bank International |
Best Bank for Sustainability Transparency | Raiffeisen Bank International |
Best Bank for Transition/Sustainability Linked Loans | OTP Bank |
LATIN AMERICA
Best Bank for Sustainable Finance | BTG Pactual |
Sustainable Finance Deal of the Year | BTG Pactual (Águas do Rio SPT “Saneamento para Todos” financing conclusion) |
Best Impact Investing Solution | BTG Pactual |
Circular Economy Commitment Award | BTG Pactual |
Best Bank for Sustainable Infrastructure/Project Finance | Scotiabank |
Best Bank for Sustainable Financing in Emerging Markets | Itaú BBA |
Best Bank for Green Bonds | Bradesco BBI |
Best Bank for Social Bonds | Bradesco BBI |
Best Bank for Sustainable Bonds | Bradesco BBI |
Best Bank for Sustaining Communities | BTG Pactual |
Best Bank for ESG-Related Loans | Itaú BBA |
Best Bank for Sustainability Transparency | Scotiabank |
Best Bank for Transition/Sustainability Linked Loans | Itaú BBA |
MIDDLE EAST
Best Bank for Sustainable Finance | First Abu Dhabi Bank (FAB) |
Sustainable Finance Deal of the Year | QNB Group (Sovereign USD 2.5B Green Bond) |
Best Impact Investing Solution | Emirates NBD Capital |
Best Bank for Sustainable Infrastructure/Project Finance | QNB Group |
Best Bank for Sustainable Financing in Emerging Markets | QNB Group |
Best Bank for Green Bonds | QNB Group |
Best Bank for Social Bonds | Arab Bank |
Best Bank for Sustainable Bonds | QNB Group |
Best Bank for Sustaining Communities | Boursa Kuwait |
Best Bank for ESG-Related Loans | QNB Group |
Best Bank for Sustainability Transparency | QNB Group |
Best Bank for Transition/Sustainability Linked Loans | QNB Group |
NORTH AMERICA
Best Bank for Sustainable Finance | Bank of America |
Sustainable Finance Deal of the Year | Sumitomo Mitsui BC (Dow Chemical Company’s inaugural green bond issuance) |
Best Impact Investing Solution | Bank of America |
Best Bank for Sustainable Infrastructure/Project Finance | Scotiabank |
Best Bank for Sustainable Financing in Emerging Markets | Scotiabank |
Best Bank for Green Bonds | CIBC |
Best Bank for Social Bonds | Scotiabank |
Best Bank for Sustainable Bonds | Scotiabank |
Best Bank for Sustaining Communities | CIBC |
Best Bank for ESG-Related Loans | Sumitomo Mitsui BC |
Best Bank for Sustainability Transparency | Scotiabank |
Best Bank for Transition/Sustainability Linked Loans | Scotiabank |
WESTERN EUROPE
Best Bank for Sustainable Finance | Societe Generale |
Sustainable Finance Deal of the Year | Nordea (Valmet’s inaugural USD 205M green bond) |
Best Impact Investing Solution | Societe Generale |
Circular Economy Comittment Award | Nordea |
Best Bank for Sustainable Infrastructure/Project Finance | ING |
Best Bank for Sustainable Financing in Emerging Markets | Societe Generale |
Best Bank for Green Bonds | Nordea |
Best Bank for Social Bonds | CaixaBank |
Best Bank for Sustainable Bonds | Societe Generale |
Best Bank for Sustaining Communities | CaixaBank |
Best Bank for ESG-Related Loans | ING |
Best Bank for Sustainability Transparency | LGT |
Best Bank for Transition/Sustainability Linked Loans | Nordea |
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For editorial information, please contact Andrea Fiano, editor, afiano@gfmag.com
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 188 countries, territories and districts. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 38 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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