ENG: “Green Controlling Award 2019” goes to VERBUND AG
The finance division of VERBUND AG makes a significant contribution to sustainability. The Award winner is Austria’s leading electricity company and one of the largest producers of electricity from hydropower in Europe. The investment program of VERBUND includes only sustainable projects in the field of hydropower, new renewable and high-voltage networks (integration of new renewables into the European electricity system).
VERBUND has played a leading role in green finance both nationally and globally. Among the many successful transactions conducted by VERBUND are the world’s first ESG-linked syndicated loan and the first Digital Green Note, as well as Green Bonds and the sustainable investment of social capital.
Prof. Dr. Dr. h. c. mult. Péter Horváth explains: “Our Jury has come to the conclusion that VERBUND AG is an innovative pioneer in ‘green’ financing and is a benchmark in the economy as a whole. So it is a worthy Green Controlling Award winner; a role model for designing and managing environmental policies, programs, projects and actions in business and public institutions.”
“VERBUND focused early on innovation and topic leadership in Green Finance,” says Dr. Peter Kollmann, CFO VERBUND AG. “We are particularly pleased that our efforts and achievements have been recognized by the Award and the Jury has highlighted our international role model. This strategic focus is a clear signal to the financial market with positive implications for investor acceptance, rating agencies and financing costs.”
The Green Controlling Award 2019 of the Péter Horváth Foundation, endowed with 10,000 euro, was given on October 10 at the 33rd Stuttgart Controlling & Management Forum to Dr. Peter Kollmann, CFO of VERBUND AG, by Péter Horváth und Siegfried Gänßlen. ICV Board Member Siegfried Gänßlen in his short speech first thanked all the submitters; also those who were not awarded. Once again this year, controllers in the competition proved to be innovative and responsible. In his thrilling presentation, the Award winner not only presented the “Green Finance” program of VERBUND AG. Insistently and convincingly he pointed to the elementary importance of ecological action.
The ICV (International Association of Controllers) has in Germany, Austria, Switzerland, Poland and 12 other countries in Central and Eastern Europe around 6,000 members active in practical controlling. The key objective of the ICV controlling philosophy is reaching permanent economic success. With its honorary chairman Dr. Albrecht Deyhle the Association, founded in 1975, has shaped the controlling in German speaking countries placed and influenced. The ICV merges controllers, CFOs, managers and scientists and it is strictly oriented on its members’ benefit. Experience, communication and being focused on future-oriented trends are foundations of the ICV. The ICV combines practical experience with the latest research results and prepares its knowledge for practical implementation. The ICV makes personal contribution to the success of its members and to the sustainable performance of companies. Prof. Dr. Heimo Losbichler, FH Steyr, is the Chairman of the ICV, Vice Chairman of the ICV is Matthias von Daacke, BLANCO GmbH & Co. KG.
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