IFI Social Responsibility Award

2025 Business & Community Excellence Awards | NACCA

Description

The National Indigenous Financial Institution Social Responsibility Award acknowledges and celebrates remarkable contributions and leadership shown by IFIs in enhancing social, cultural, recreational, environmental, and economic opportunities within local Indigenous communities. It aims to inspire others and create promising futures within these communities. 


This award, presented by the National Aboriginal Capital Corporations Association, recognizes the strategic efforts made by IFIs in promoting social responsibility. These efforts play a role in enhancing the socio-economic conditions in the communities they serve.


Please take a moment to consider the various community projects your IFI has been a part of that demonstrate social responsibility. Highlight the leadership and contribution your IFI has made to improve socio-economic conditions in local communities. How has the project significantly impacted or changed your community or communities for the better?


The deadline for nominations is February 15, 2025.

General Nomination Information
Guidelines:

All NACCA members in good standing may nominate a deserving candidate by submitting a completed nomination form and all supporting documentation, for consideration by the awards committee.

Please complete the nomination form and submit the following supporting documentation.

Outline the scope of your project, its purpose, and objectives. The project must be completed and implemented for consideration.
Describe the outcomes achieved and/or the socio-economic impacts/benefits of the project that have occurred in the community(ies), where applicable including performance measure metrics and/or methodology/action plan implemented.

* Each nomination must be endorsed by a member IFI and supported by documentation.  

** All criteria and requested information will be required on the form in order for the submission to be completed.  If the nomination form does not allow you to submit, please review your nomination and add the missing details.


Selection

An independent awards committee will be responsible for reviewing and selecting an award winner. Winners will be notified in advance of the Prosperity Forum. A presentation will take place at the Prosperity Forum Dinner and Gala. In the event an in-person event is not possible, a virtual presentation may take place.

In the event, that no nominations are received, or the nomination does not meet the standard expected by the Awards Committee, an award may not be presented in that year.

Criteria

Collaboration
The project is rooted in local stakeholders coming together to successfully identify issues or opportunities and create a solution, and implement an action plan that leads to positive community change.

Demonstrable benefits or impacts
Identify how the project has improved social, cultural, recreational, environmental and/or economic conditions in the community(ies) and for community members, e.g., increased social, cultural and recreational events, activities, opportunities and participants; Indigenous language and cultural supports; facility development or renovation; increased educational/skills training opportunities; charitable fundraising campaign; improved employment and income opportunities; environmental programming and experiences, etc.

Responsible empowerment
The project or initiative was designed to specifically to improve local community conditions and outcomes by emphasizing local control, participation, and leadership from fruition to implementation, and ongoing operations that help build local capacity, autonomy, and resilience.

Strategic/Sustainable
The project must be aligned with the vision, mission and/or values of the IFI and the outcomes must be achievable and sustainable.

Criteria
Criterion Weight
Collaboration & Stakeholder Engagement 30.0%
Demonstrable Benefits or Impact 30.0%
Responsible Empowerment 20.0%
Sustainability & Strategic Alignment 20.0%