Innovative project

Entry criteria

This award recognises innovative projects that have the potential to transform an organisation into a more sustainable one. The role of the finance function must have been key to the project and those finance team members involved should be able to speak about their role during the assessment and judging process.

This award is open to all organisations. Joint entries between organisations are also welcome, for example if organisations have worked with external advisors in order to deliver the project.

The entry can be for a particular project (i.e. product, activity, strategy, service, idea or concept) that is, or will be, embedded across the organisation.

Examples can include, but are not limited to:

  • Use of technology to deliver more sustainable business practices.
  • Developing products and/or services to address specific issues e.g. financial or social inclusion.
  • Developing a new methodology to measure social or environmental impacts and independencies with the aim of enhancing sustainability and business performance.
  • Developing a new product offering that helps improve business performance and environmental or social outcomes.

In all cases, it is expected that the project is, or has the potential to be, financially significant to the organisation as a whole, or reflects an approach that is or could be integrated across all initiatives, products and services.

Entrants must demonstrate

  • That the project has generated, or is likely to generate, tangible environmental and/or social benefits IN ADDITION TO delivering positive financial outcomes.
  • That the outcomes would not have been/ will not be achieved without the significant involvement of the finance function.
  • That the project is EITHER of a financially significant size to the organisation OR is a pilot which, if successful, could be scaled up or replicated.
  • How the organisation is actively working to enable successful adoption and scale. 
  • That the project is core to the activities of the organisation.

Further information and resources

Please see below links to previous awards winners and highly commended projects or initiatives. In considering these, please note that categories in previous years were different from this year’s categories and that projects were considered innovative at the time of the attribution of those awards.

Please ensure you have reviewed and understood the Terms and Conditions for the Awards before submitting your entry.

If you have any queries about the categories or awards process, please contact 

2018 Winner: Chelsea and Westminster Hospital Foundation

Faced with budgetary pressures Chelsea and Westminster Hospital Foundation partnered with commercial organisations with expertise in online treatment to create a service that would enable patients who wanted a check-up for sexually-transmitted infections to register online for testing kits which would allow them to bypass clinic visits completely. Starting in February 2018 the service has already dealt with 20,000 returned kits with numbers growing rapidly as awareness of the service grows. It is forecast to save £10m a year while delivering safe, sustainable user-friendly services for London residents.

Read more about the 2018 winners here

  • 2017 winner’s case study (Large business): Basing a Work Styles programme around how and where its employees want to work, TELUS Communications introduced the concept of moving information and ideas rather than vehicles.
  • 2015 winner’s case study (Innovative idea) : bio-bean demonstrated their technology’s potential to help build a circular economy by turning coffee waste into bio-fuel.
  • 2015 winner’s case study (Driving change in others category): The Carbon Tracker Initiative catalysed changes with the finance and accounting community towards a more sustainable economy.
  • 2015 highly commended case study (Start-up and growing enterprise): Adnams’ finance team went one stage further and developed a carbon footprint for every beer it produced, which helped them to improve their sustainability and identify cost savings.
  • 2014 winner’s case study: Vegware invested in R&D to create new products that would reduce both costs and food packaging waste.
  • 2014 highly commended case study (Public and not for profit sectors): The Royal Mint found a way to finance the production of new coins by recycling old ones.

Download the Entry Form