ESG Payment Initiative Excellence
The award is given to a project that can demonstrate a clear and effective ESG strategy. Judges will be looking for a clear explanation of the strategy, how it is being executed, and its short and long-term goals, measurements, and results.
Judges will be looking for how the ESG strategy is aligning with stakeholders close to the organisation or in the organisation’s immediate community.
The ESG Payment Initiative Excellence category is open organisations that have embedded ESG into their strategy and are making a substantial positive impact on the environment, social justice and/or corporate governance.
The entry should focus on a case study/a defined area for improvement, as part of the ESG strategy and the results achieved with the aid of a specific technology or service. The submission is driven by a use case and could address one or more of the ESG parameters.
Example of common ESG issues that could form your case study are:
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Environmental
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Social
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Governance
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biodiversity loss
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diversity and inclusion, race, gender
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transparency, leadership, accountability, decision- making
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climate change, reduced carbon emissions
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board independence, diversity, strategic oversight
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renewable energy, green building
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anti-discrimination, bullying, harassment, data privacy
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sustainable investment
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native title, First Nations people, cultural heritage
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anti-bribery and corruption
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deforestation, reduced waste, pollution
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health and safety practices (for employees and the wider community)
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risk mitigation and management
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water usage
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privacy and data security
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consideration of native title
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Entry eligibility
- The initiative must have been operationalised in one or several Asia Pacific markets.
To make a submission please provide the following information:
Nominee or nominator
- Entry name
- Name of nominating organisation
- Name(s) of nominated organisation(s)
- The nature of the business relationship between you as the nominator and the nominee company’s solution description
Submission format
Your entry is done digitally via APAC Payments Excellence Awards Website, by submitting a written description of your value proposition/solution/initiative using selected category criteria. Each criteria in your submission will be evaluated and scored by judges in your Category Judge Panel. Each criteria have a 300-word limit.
Provide as much information as you can and quote the source of that information, to describe the solution, success measures and what was achieved. Note that no attachments are allowed, and website links will not be seen as part of a submission.
ESG Payment Initiative Excellence criteria
The following criteria are asked for the ESG Payment Initiative Excellence submissions:
ESG Strategy description, Initiative Case study description, Measurements, and the result of Use Case, Future Trajectory
- Case Study – ESG Initiative
Describe the case study/initiative. The initiative must be reflective of your company’s environmental, social and governance (ESG) strategy.
- ESG Company Strategy
How is the ESG case study aligned with the company’s ESG Strategy? What strategic intents were set? Is it aligned with other generic ESG goals such as the UN Sustainable Development Goals?
- Innovativeness
What challenges did the existing solutions encounter? How did you identify the problem statement? How did you conceive the solution, approach towards building the solution, improved solution, or disruptive solution, use of emerging technologies, etc? Are any inventive or innovative aspects developed to bring the product or service to market? How has your initiative improved the delivery of the service or product?
- Result
What results in one or more areas of ESG have been achieved? What quantitative evidence of success from a reliable source can be presented? How does the initiative stand out from its competition through its innovation? What is the future trajectory of your initiative?
Evidence of success or metrics
Provide as much information as you can and quote the source of that information. This may include the following. However, this is not an exhaustive list, and, in each case, the judges will be looking for evidence that supports your claims as to the key benefits of the initiative:
- How is the initiative embedded in the ESG strategy?
- Measurements: How is it being measured?
- Impacts: Please demonstrate the impact, number of users, recipients, data, etc.
- How has this transformed the organisation?
