PwC wins the IFF Global Green Finance Award for the second consecutive year

October 2023

The International Finance Forum (IFF), in collaboration with the People's Government of Guangdong Province and the People's Government of Guangzhou Municipality, successfully co-hosted the 20th Anniversary & 2023 Annual Meeting of the IFF. The prestigious even took place from October 27 to 29 at the newly constructed permanent venue of the IFF on Nansha’s Hengli Island (International Finance Island) in Guangzhou, China.

PwC, the recipient of the “Award of the Year” in the previous year, once again scored added another prestigious accolade this year by winning the “Innovation Award” at the "IFF Global Green Finance Award" (4th Session) ceremony took held on October 29. Among the 23 domestic and international winners of the IFF Global Green Finance Award, PwC stands out as the sole consulting service provider to receive this honour, and one of the few to be recognised with the such award for two consecutive years. Joanne Wang, Deputy to the 14th Guangdong Provincial People's Congress and Guangdong Markets Leader of PwC China, attended the award ceremony and closing reception.

The assessment of this year’s IFF Global Green Finance Award placed greater emphasis on utilising financial means to drive green development, and as such engaged a more diverse panel of judges comprising representatives from various industry institutions. The evaluation process highlighted the importance of innovation and tangible outcomes by assigning higher weights to these aspects.

As part of its sustainability efforts, PwC advocates the concept of "integrating knowledge and action to strive for perfection”. The Green Finance Innovation Award signified IFF’s recognition and encouragement of our commitment to continuous progress and innovation in promoting sustainability. PwC and the IFF share common values and ideas, and this award further strengthens our commitment to fulfilling our mission and enhancing our sense of social responsibility as a corporate citizen, contributing to the green development of China. We look forward to working with like-minded partners on the journey of continuous innovation to make the world a better place. 

As an independent third-party service provider, PwC has consistently secured the top ranking among China's CPA firms for 20 consecutive years. With our New Equation strategy, we prioritise investment in five key strategic areas: Digital Redesign; Digital Products and Solutions; Environmental, Social and Governance (ESG); Regional Economic Clusters; and Workforce of the Future. Through empowering our talented professionals and community of solvers, we aspire to deliver new values and co-create innovative solutions with clients to overcome the challenges presented by the evolving business landscape. 

The IFF is an independent, non-profit, non-governmental international organisation with its headquarters in China. It was established in October 2003 by financial leaders from G20 countries, including China, the United States, the European Union (EU), emerging economies and key international organisations, such as the United Nations, the World Bank, the International Monetary Fund (IMF). The IFF is a long-standing, high-level platform for dialogue and multilateral cooperation in the field of international finance, and has been known as F20 (Finance 20).

In June 2022, China’s State Council issued the Nansha Plan to promote comprehensive cooperation between Guangdong, Hong Kong, and Macao. The Plan focuses on further deepening the opening-up of Guangzhou’s Nansha district and transforming it into a major strategic platform in the Greater Bay Area (GBA) – one that facilitates close coordination with Hong Kong and Macao and fosters broader connection with the world.

The year 2023 marks the 20th anniversary of the establishment of IFF, coinciding with the general selection of the Global Council fifth session, and the completion of the IFF’s permanent venue. Themed "New Capital, New Value, New World: Revitalisation and Cooperation in a Fragmenting Global Economy", the IFF 20th Anniversary & Annual Meeting encompassed a wide range of topics including new economic development, sustainability, the Belt and Road Initiative, GBA cooperation, and artificial intelligence. The meeting brought together government officials from over 50 countries and regions, heads of international financial institutions, experts, scholars, and entrepreneurs. The IFF 20th Anniversary & 2023 Annual Meeting holds great significance for the successful implementation of the Nansha Plan.