The Financial Times published a few days ago a short-list of international financial institutions under consideration for their new “Sustainable Banking Awards”. Amongst the pre-selected candidates of over 90 submissions, Calyon is one of five banks in consideration for the category: “Sustainable Banker of the Year”. Calyon, a French-based subsidiary of Crédit Agricole is slated to replace ING Group of the Netherlands as lead arranger of one of the controversial papermill investments taking place in Uruguay. Yesterday, 9 civil society organizations from around the world, filed a complaint against Calyon precisely for violations of environmental and social safeguards in the papermill project.