Press Release: Itaú, supported by Ethos and SustainAbility, launches award for journalists and academics for stimulating debate on sustainable finance

28 Mar 2008 – News Release

São Paulo (March 28 2008) – The debate on good sustainability practice takes on a higher profile in 2008: Banco Itaú has just begun receiving entries for the first edition of the Itaú Award for Sustainable Finance. This initiative aims to encourage the production of news stories and academic papers on the theme, encouraging focused debate among journalists and academics. The Award, for which enrollment can already be made, is supported by the British consultancy, SustainAbility, internationally recognized as the creators of the “triple bottom line” concept and for work involving sustainability, and the Instituto Ethos, a national bellwether in promoting corporate social responsibility.

The award will be in two categories, Journalism and Academia. In the case of journalism, there are two sub-categories: news stories in newspapers and magazines. In the case of Academia, there are three sub-categories: lato sensu postgraduate work, and papers prepared under the aegis of either a master’s or doctorate degree course. The winner of each sub-category will receive a prize of R$ 10 thousand. The participant entering the most outstanding work for each category will also win a week’s trip to London, involving a study program to be conducted jointly with SustainAbility, in addition to having his/her work examined and commented upon by John Elkington, founder of SustainAbility.