The Financial Times and IFC, a member of the World Bank Group, have announced the winners of the 2016 FT/IFC Transformational Business Awards.
Microvast, a power solutions provider for electric vehicles, received the award for Excellence in Transformational Business. For more information on all the winners and highly commended entries, please see here.
This year’s programme marked 11 years of collaboration between FT and IFC on global awards initiatives that highlight ground-breaking, commercially viable solutions to today’s development challenges. For 2016, special attention was given to products and services that address challenges around climate change, especially in rapidly growing urban areas. The awards also highlighted the role of the private sector in achieving the United Nations Sustainable Development Goals (SDGs). A total of 155 entries were received from 219 organisations involving projects in 92 countries.
The awards were presented at a special dinner in London attended by around 250 senior decision-makers in business, finance and development. The event followed a half-day Transformational Business Conference organised by the Financial Times and IFC.