Published  8 MIN READ

Celebrating a Sustainable Future

Treasury4Good Awards 2020

Despite the global pandemic, sustainability and diversity and inclusion (D&I) have remained key areas of engagement for corporate treasurers and their relationship banks. Here, we celebrate those organisations putting environmental, social and governance (ESG) issues at the heart of the corporate treasury function.

Now in their second year, TMI’s Treasury4Good Awards recognise the vital role that corporate treasury professionals, together with the providers of treasury services, have to play in supporting ESG and D&I initiatives. Together with driving bottom-line improvements, global corporates and banks are now expected to be responsible role models – addressing local and international challenges by using their financial reach to improve lives, society, business, and the environment.

All of these aspirations were certainly demonstrated by our Top Corporate Treasury Team for CSR/ESG in 2020 – Tideway. Sustainability is a treasury priority at the company and all aspects of treasury are continually assessed and challenged in terms of its ESG credentials and performance. In addition to financing, this includes cash management and investments, the choice of counterparties for treasury products, systems and suppliers in general.

Focusing in on recent achievements, in November 2019 Tideway moved 10 bonds that had been issued prior to the approval of its green bond strategy in 2017 to the green segment of the London Stock Exchange. Tideway now has 17 green bonds, totalling £1.5bn. And in January 2020, the company’s Green Bond Framework was expanded into a Sustainable Finance Framework to encompass a wider array of funding instruments.