Introducing the Transformation Towards a Sustainable Economy Awards
In today's competitive context, the great challenge for organizations is to maintain a constant spirit of innovation, both in products and processes , without forgetting their sensitivity to the changes that occur around them. However , they must not only maintain fluid communication with clients and suppliers, but also with the rest of the groups with which they interact (administrations, employees, NGOs and social networks), which can be a source of ideas to guide their innovation.
The awards are intended to reward an initiative from a company or organization, developed and implemented in Spain , that is moving towards a Sustainable Economy . They must be framed within a transition plan that reviews some of the company's activities or the services of the public institution or non-profit organization, both in the dimension of reducing its adverse climate impact, and in the dimension of improving social well-being .
Objective of the Expansion Awards
The aim of these awards is to recognise the social and/or environmental innovation of organisations in their process of integration into a more sustainable society. Candidate projects must have an impact in Spain and their initiatives must be framed within a Transition Plan that reviews some of the company's activities, the services of the public institution or the non-profit organisation, both in terms of reducing their adverse climate impact and in terms of improving social well-being.
Categories of the Transformation towards a Sustainable Economy Awards
The awards are divided into three categories:
Big company
Three awards will be given in this category:
Better Transition Plan to achieve the “Net Zero” goal before 2050.
Best initiative to increase the efficiency of the circular economy.
Best initiative aimed at promoting diversity and inclusion in the workforce.
Organizations eligible for this category will be those that, individually or as part of a group, exceed 250 employees or have annual revenues of more than 50 million euros.
Institutions and organizations
Three awards will be given in this category.
Best initiative aimed at decarbonising its activities.
Best innovation initiative applied to solving social problems in the community in which it is established.
Best initiative to promote the care of nature in its biodiversity dimension, both in specific activities and in the implementation of regulations or policies that refer to biodiversity
Organizations that are eligible for this category are: the General State Administration, Autonomous Communities and Local Entities; public business entities (public companies dependent on the State, Autonomous Communities or City Councils), public educational entities (Universities and Business Schools). Non- profit entities , such as Foundations, NGOs and associations, will also be included in this category.
Sustainable Entrepreneur
There will only be one award in this category:
- Best business initiative with impact oriented towards sustainable development goals.
Initiatives that follow one of the three variants of the Large Company category may be submitted, with the requirement that the measurement of their impact is related to their immediate environment.
Organizations with fewer than 250 employees and an annual income of less than 50 million euros will be considered eligible for this category. This category will include SMEs, start-ups and entrepreneurs.
Criteria for judging the awards
- Impact (Weighting 15%)
Project ambition in terms of its ability to drive the process of sustainable transformation of the economy.
- Innovation (Weighting 15%)
Innovative nature of the proposed initiative in terms of its definition, scope or implementation.
- Transition (Weighting 15%)
The influence on the organization's business model that contributes to making it more competitive while respecting and supporting sustainability objectives.
In the case of institutions, the transition will be considered as a result of their integration into the operations necessary to fulfill their purpose.
- Exemplarity (Weighting 15%)
To what extent the initiative demonstrates the sustainable leadership of the organization proposing it.
- Design (Weighting 20%)
To what extent the initiative has defined objectives and monitoring indicators that allow its success to be evaluated.
- Agenda 2030 (Weighting 20%)
Alignment of the proposed initiative with the objectives set out in the 2030 Agenda.
Presentation of nominations for the Expansión, Bankinter and Cepsa awards
Companies and organizations interested in participating in the Transformation Towards a Sustainable Economy Awards will submit their applications through a form available on the ie.edu website .
The application period for the 9th edition is open and ends on 13 September 2024. Only one application may be submitted per participating organisation.
The organizing committee reserves the right to relocate the submitted application if, in its opinion, it corresponds to a category other than the one in which the application was submitted.
The jury
It will be made up of renowned figures, including representatives from the Expansión management team, Bankinter, Cepsa and IE University.
For more information, you can consult the rules of the IX Expansion Awards for Transformation towards a Sustainable Economy here and complete the registration form.