Progress Reporting
GIP Annual Awards
Since 2020, the GIP Secretariat has been presenting the GIP Annual Awards to recognize outstanding contributions to sustainable finance. These awards have received strong support from signatories, supporting institutions, and the Steering Committee.
Through an independent nomination process (for most awards), supervised and confirmed by the Steering Committee and relevant stakeholders, 25 institutions have been honored across seven award categories between 2020 and 2024.
For more details on past award winners, please refer to the press releases from each year’s Plenary Meeting.
How Are Award Winners Selected?
Nominations for the GIP Annual Awards are conducted by an independent Nomination Committee, which evaluates data submitted by GIP Signatory Institutions through the annual reporting questionnaire.
To ensure impartiality, all institutional identities are anonymized throughout the evaluation process, meaning committee members assess nominations based solely on quantitative and qualitative performance metrics.
The Nomination Committee applies an quantitative evaluation framework developed by the GIP Secretariat, ensuring a comprehensive assessment of key criteria, such implementation of the Green Investment Principles (GIP), completion of green transactions in the past year, and innovations in sustainable finance.
Meanwhile, winners of specific awards, such as the Outstanding Service Award, are directly determined by the GIP Secretariat.
Based on the evaluation results, a shortlist of up to three nominees per award is submitted to the GIP Steerco for final review and selection.
The Steerco makes the final decision ahead of the Plenary Meeting, typically held in the third quarter of the year.
Award Selection Timeline
May – June: Reporting Questionnaire Collection
The GIP Secretariat distributes the Annual Reporting Questionnaire to all Signatory Institutions in early May, expecting responses by early June.
End June – Late July: Screening and Nomination
The Nomination Committee evaluates the submissions and shortlists up to three nominees per award. The shortlist is then submitted to the GIP Steerco for review and confirmation.
August: Final Decision
The GIP Steerco selects the final award winners. The decision is final and cannot be appealed.
September – October: Award Announcement & Ceremony
Winners are publicly announced and honored at the GIP Plenary Meeting, where they receive a trophy.
As a non-profit initiative, the GIP Annual Awards are honorary and do not include a monetary prize.
How Are Nominees Verified?
To ensure fairness, transparency, and integrity, a three-member Supervisory Committee oversees the nomination process.
Supervisory Committee Members:
One member from the GIP Steerco
One representative from GIP Supporting Institutions (not serving on the Nomination Committee)
One external green finance expert (with no conflicts of interest)
Responsibilities of the Supervisory Committee:
✔ Ensuring the integrity of the Annual Reporting Questionnaire
✔ Overseeing compliance with the Awards selection process
✔ Evaluating the eligibility of nominees
✔ Reviewing and approving the final nominee list
✔ Providing additional oversight as required by the GIP Secretariat