The Faculty of Economics and Business of the University of Neuchâtel awards annually a distinction entitled Ethics in Finance Award to a financial market participant domiciled in Switzerland or Liechtenstein to honour a specific ethical behaviour in finance.
The award recognises a product, a service, a (management) process or a practice that can be recognised as an example of good ethical behaviour by other financial market players. It has a purely idealistic and no monetary value.
An eligible financial market participant must be domiciled in Switzerland or Liechtenstein and can receive the award regardless of its legal form (commercial company, branch or department of a commercial company) or its prominence in the said markets. Applications may also be submitted by third parties.
Submissions are open from 15 December 2023 until 29 February 2024.
Applications must be submitted to the jury through the following secure online submission system:
A jury independently ranks the eligible candidatures based on the following behaviours:
It is recognised that these behaviours are often expressed in products, processes or practices.
The candidates are informed about the outcome on 5 April 2024.
Up to three runners-up are invited to the Ethics in Finance Award ceremony, which takes place on 29 May 2024 in Neuchâtel and via video live-stream. The ceremony gives the runners-up the opportunity to present their contributions.
The jury emphasis that submissions (in English) including the candidate details need to be of high quality and complete and need to clearly show what the ethical practice, product, process or service is, and why it is considered ethical in the view of the submitting entity. Also the potential of why this ethical practice, product, process or service deserves a wider adoption need to be described in detail. Any submissions not complying with this requirement may be rejected. In exceptional cases, the jury may ask for the submission to be complemented with more information. The company concerned would have submitted themselves for the Award, or would at least be in written agreement with the submission.
The jury acknowledges the existence of greenwashing risk: the risk that a participating entity may abuse their participation in the Award for unethical purposes including misrepresentation. The University and the jury retain the right to issue a private and/or public statement to that extent and to reclaim any issued Award or consider any other sanction.