Greening Finance Prize 2023
Greening Finance Prize 2023
The University of Oxford has established a prestigious new annual prize in green finance. Up to £50,000 will be awarded annually, with the option of a research residency at Oxford for the winners. A permanent endowment has been established to support the prize in perpetuity through a generous donation from Insight Investment.
The new ‘Insight Investment – University of Oxford Prize for Greening Finance’ will become the preeminent prize in an increasingly important area of research and practice. The prize will have two categories open to individuals and not-for-profit research teams.
The nominations deadline for the 2023/24 prize is Sunday 21st May 2023.
The Prize Categories
The first category is a research prize for outstanding research that helps society better understand how environmental change influences finance and investment, and how economic and financial systems can contribute to achieving global environmental sustainability.
The second is a service prize seeking to recognise individuals or not-for-profit organisations who have provided outstanding support for the furtherance of green finance.
Eligibility and Nomination Criteria
This prize is open to individuals or teams at academic institutions or not-for-profit organisations.
The outstanding research category should cover a greening finance subject that reflects one or more of the following topics:
• Furthers our collective understanding and/or challenges conventional thinking
• Relates to an environmental topic
• Contributes to the evolution of investment theory and practice
• Relates to the structure or development of financial instruments and/or capital markets
• Has applications for the finance sector
• Results in positive impacts in the real economy
• Relevant to asset classes beyond listed equities
The Prize Panel will review nominations and award the prize. The panel will be chaired by Dr Ben Caldecott, Director of the Oxford Sustainable Finance Group and Director of the UK Centre for Greening Finance & Investment. Judges for the inaugural year include:
Rob Bauer, Professor of Finance, Maastricht University
Andrew Clare, Professor of Asset Management, Bayes Business School of City, University of London
Bob Eccles, Visiting Professor, Saïd Business School, University of Oxford
Jessica Fries, Executive Chair, Accounting for Sustainability
Nando van Kleeff, Senior Programme Manager, Laudes Foundation
Mindy Lubber, CEO and President, Ceres
Sabine Mauderer, Vice Chair, Central banks and Supervisors Network for Greening the Financial System (NGFS)
Mette Morsing, Head of the Principles for Responsible Management Education, UN Global Compact
Colin Mayer, Emeritus Professor, Saïd Business School, University of Oxford
Stephanie Pfeifer, CEO, Institutional Investors Group on Climate Change
Peter Tufano, Baker Foundation Professor, Harvard Business School
Dariusz Wójcik, Professor of Economic Geography, University of Oxford
Nominating partner organisations, selected based on their expertise and networks, will nominate candidates for each category and this will be the primary route for receiving nominations. Nominating partner organisations currently include:
- Carbon Disclosure Project (CDP)
- CFA Institute
- European Leveraged Finance Association (ELFA)
- Glasgow Financial Alliance for Net Zero (GFANZ)
- Global Research Alliance for Sustainable Finance and Investment
- Green Finance Institute
- International Capital Market Association (ICMA)
- Impact Investing Institute
- The Network of Central Banks and Supervisors for Greening the Financial System (NGFS)
- One Planet Sovereign Wealth Fund Initiative (OPSWF)
- Science-based Targets Initiative (SBTI)
- UK Sustainable Investment and Finance Association (UKSIF)
- UN Environment Programme Finance Initiative (UNEP FI)
- UN Principles for Responsible Investment (UN PRI)
Terms and Conditions of Entry
- Prize winners agree to give a public lecture at the University of Oxford at a date that is mutually convenient for them and the University.
- Prize winners will be offered a residency hosted by the Oxford Sustainable Finance Group, the details of which will be negotiated with each winner on a case-by-case basis.
- The Prize is open to members of the University of Oxford, individuals who are not members of the University of Oxford, and organisations established for a purpose other than that of making a profit and whose surplus revenues are used to further the purpose of the organisation rather than to benefit those with an interest in the organisation (Not-for-profit organisations).
- For the avoidance of doubt, any organisation which is not a not-for-profit organisation shall not be eligible.
- The selection of the prize winners shall be the responsibility of the Prize Panel nominated for this purpose. The Prize Panel will have the freedom to interpret criteria and advise the University on the allocation of prize funding, with the proviso that the research prize will be a minimum of £25,000 each year for the first five years.
- In the case of insufficient applications for either prize of appropriate calibre, the University may retain the relevant funds, to be applied for future prizes.
- Deadline for nominations for the 2023/24 prize is Sunday 21st May 2023.