Transformational Business Conference & Awards 2015
11 June 2015 | InterContinental Park Lane #FTIFCAwards
The winners and special commendations are as follows:

Special 10th Anniversary Award: Excellence in Transformational Business

Winner: MicroEnsure, United Kingdom

Judges' comment:
'MicroEnsure has been short-listed four times for the awards and has won twice. In 2009, they won the award for Achievement in Basic Needs Financing, and in 2010 they were runners up for Achievement in Banking at the Base of the Pyramid, an award they won the following year. They were also short-listed this year for Achievement in Inclusive Business. Throughout this period, this organisation has provided a series of innovative solutions that have had a substantial impact on communities in some of the most disadvantaged regions of the world. In particular, it has played a major role in raising awareness among these communities on the importance of insurance and providing affordable and targeted micro-insurance solutions that have provided security and protection to those who need it most.'

Achievement in Urban Transformation

Winner: Sanergy, Kenya

Sanergy tackles Kenya’s urban sanitation crisis by manufacturing low-cost waterless Fresh Life Toilets for slums, which are operated as viable businesses by local people with its training and support. The waste is collected and converted into organic fertiliser sold to farms to increase their yields. There are 652 facilities so far, whose 311 operators make around US$2,000 a year each.

Judges' comment:
'A life-changing and highly innovative business model operating in a very challenging environment with great potential for scaling up.' AND 'This is the first step in breaking the link between human waste and drinking water - a vital priority for world development.'

Highly Commended: Heksagon Kati Atik Yönetimi Sanayi ve Ticatet, Turkey

HKA won a 29-year concession in 2010 to manage municipal solid waste for the town of Pamukova in Turkey. It will educate households on waste separation, sell recycled materials, generate power from biogas and process the waste into farm-grade compost to go into fertiliser. The unusually long concession allowed HKA to make the US$32m investment needed to produce such benefits.

Judges' comment:
'A large company making a huge change that has created an industrial ecosystem for turning waste into a productive resource.'

Excellence in City Transformation

Winner: People's Committee of Da Nang City, Vietnam

Da Nang’s reform programmes put the city back on top of Vietnam’s provincial competitiveness index in 2013. They included public administration reforms, environmental protection policies and the “5 No’s, 3 Yes’s” social welfare programme to eliminate poverty. Examples are one-stop shops to access public services, reductions in pollution, measures to recycle and conserve water, and low-income housing projects for slum-dwellers.

Judges' comment:
'A comprehensive programme for city-wide transformation, with firm targets backed by administrative reforms to make the process effective and steps to include women in the process.'

Highly Commended: Agra Nagar Nigam / Agra Municipal Council, India

The council’s Citywide Slum Upgrading Plan aims to transform Agra into a city belonging to all – especially poor and excluded slum communities. The world-renowned heritage city is using its tourism industry to provide sustainable livelihoods for such communities, supporting economic growth and reducing poverty. Slums are upgraded with tenure regularisation rather than resettlement outside the city, with active community involvement.

Judges' comment:
'In a very tight category, this city is tackling slums through an innovative model that differs radically from that used by the country's other cities.'

Achievement in Information and Communication Technology

Winner: Operation ASHA, India

Tuberculosis diagnosis, treatment and prevention is brought to the most disadvantaged populations in India and Cambodia through a low-cost, last-mile pipeline developed by this NGO, tackling fractured healthcare delivery systems. Its eDetection software application can be used on a mobile device to analyse possible cases, trace contacts, identify TB hotspots and provide a wireless link with its microscopy centres.

Judges' comment:
'This entry integrated a number of technical elements into a functional system capable of delivering health improvements in very difficult environments, while providing livelihoods for fieldworkers in the front line.'

Achievement in Transformational Finance 

Winner: International Finance Facility for Immunisation, United Kingdom

IFFIm is a charity which raises funding for Gavi, the Vaccine Alliance, to support 
immunisation programmes which have reached 100m children around the world. In 2014, it entered Islamic capital markets with the issuance of a US$500m three-year sukuk, a financial certificate that complies with Islamic law – paving the way for other supranational entities to access international sukuk markets.

Judges' comment:
'Having already financed programmes that have saved the lives of many millions of children across the world, this entrant found a new way to tap into the fast-growing Islamic Finance market to raise funds that might not otherwise have been available for such purposes.'

Highly Commended: Citi, United States

The Bank’s Energy Efficiency Finance Program is a suite of products and services designed to finance energy efficiency at scale, helping developers access capital markets and building energy efficiency into an asset class. It develops partnerships that efficiently aggregate large volumes of small and fragmented activity to create something meaningful both environmentally and socially, and for Citi’s bottom line.

Judges' comment:
'One of the world's largest banks has devoted considerable resources to understanding the very fragmented energy efficiency market and devising products to seriously scale up investment in it.'

Achievement in Inclusive Business

Winner: UnionPay, China

China’s bankcard association created the Rural Bankcard Netted Utility to settle transactions and offer other services for 200m people in rural areas – reducing the cost of deposits, withdrawals and transfers. Migrant workers can remit savings home, customers can access basic banking through mobile applications and ATMs, and banks can assess the risks of lending to borrowers with no credit history.

Judges' comment:
'China's bankcard association has brought 200 million excluded rural dwellers into the banking system, in a programme that could be replicated in many other smaller countries.'

Highly Commended:  Cummins Cogeneration (Kenya)

This Kenyan power producer works with communities in remote areas to procure biomass for generating electricity from farmers, providing tools, equipment and training. An alternative source of livelihood for the community, it consumes an invasive tree species considered a menace. A by-product is biochar, sold back to the community to improve the soil or replace charcoal for cooking and heating.

Judges' comment:
'A power producer which has created a truly local, sustainable and profitable business that benefits an entire rural community.'

Comments from the co-chairs of the awards judging panel:

John Thornhill, Deputy Editor of the Financial Times: “The initiatives nominated for this year’s awards included a number of projects that have the potential for large-scale adoption across the developing world. The judges were delighted with the level of innovation and the focus on commercial viability, and the overall progress we have seen in sustainability solutions since our awards were launched 10 years ago.”

Nena Stoiljkovic, Global Practices Vice President, World Bank Group, and Vice President, IFC Global Partnerships: "After ten years, the creativity, innovation and transformational potential of our entrants’ projects continue to impress me. There are so many dedicated individuals and companies looking for solutions to our development challenges that five awards are not enough. But I hope they serve as examples to motivate others to apply their knowledge and expertise to promoting sustainable and equitable economic development. I congratulate not only our winners, but all those who participated and urge them to continue their ground-breaking work.”