GFANZ's Mary L. Schapiro and Columbia University professor Caroline Flammer were awarded an inaugural green finance prize, the University of Oxford announced Monday.
The first winners of the Insight Investment-University of Oxford Prize for Greening Finance were recognized for outstanding service and research, respectively.
Ms. Schapiro is vice chairwoman of the Glasgow Financial Alliance for Net Zero and chairwoman of the Climate Data Steering Committee, an international body working to address climate data challenges. She chaired the U.S. Securities and Exchange Commission from 2009 to 2012.
The prize citation credits her instrumental role in creating a new global architecture for sustainability reporting, including her leadership in the development of both the Task Force on Climate-related Financial Disclosures and the Sustainability Accounting Standards Board. Those outcomes now form the foundation of the International Sustainability Standards Board.
Ms. Flammer is a professor of international and public affairs and of climate at Columbia University. She also chairs an academic network committee of the U.N. Principles for Responsible Investment and is president of the Alliance for Research on Corporate Sustainability. Recognizing her role in nurturing academic research on green finance topics, the prize citation called her research "world-leading and ambitious in the problems she addresses."
The Insight Investment-University of Oxford Prize for Greening Finance is permanently endowed by Insight Investment to award up to £50,000 ($65,458) annually. Monetary awards are not publicly disclosed, a spokeswoman said in an email.