Social entrepreneur, economist, civil society leader and Nobel laureate Prof Muhammad Yunus of Bangladesh will become the second recipient of the Olympic Laurel.
He will officially receive the trophy during the Opening Ceremony of the Olympic Games Tokyo 2020 on July 23.
The distinction was created by the International Olympic Committee (IOC) to honour outstanding individuals for their achievements in education, culture, development and peace through sport.
Professor Yunus is the recipient of numerous international awards for his ideas and endeavours and is a member of the board of the United Nations Foundation.
In 2006, he was awarded the Nobel Peace Prize for founding Grameen Bank, which pioneered the concepts of microcredit and microfinance for people living in poverty.
The first ever Olympic Laurel was awarded to the Kenyan Olympian and social changemaker Kip Keino on 5 August 2016, during the Opening Ceremony of the Games of the XXXI Olympiad in Rio de Janeiro.
Initiated for Rio 2016, the Olympic Laurel is to be awarded at the opening ceremony of each summer edition of the Olympic Games.
Symbolising the connection with the ancient Olympic Games, the base of the trophy is a replica of a stone from the site of Olympia, Greece.
IOC President Thomas Bach during a meeting with Professor Muhammad Yunus at Olympic House in Lausanne in 2020.
IOC President Thomas Bach said: “With the Olympic Laurel, we take forward the vision of Baron Pierre de Coubertin, the founder and reviver of the modern Olympic Games. It is also a reflection of the ideals and values of the ancient Olympic Games, with a focus on human development through peace and sport.”
He said the work of Professor Yunus is exemplary for these ideals and values and he shares his wealth of knowledge generously with the athletes and the Olympic community.
Professor Yunus said the Olympic Games and sport have the most convening power in the world and the Olympic Games unite the entire world in peaceful competition, celebrating unity in diversity.
“We can use this power to change the world in the most effective ways. Sport has the power to transform lives by galvanising the world, and social business can be the most efficient tool to unleash this power.
“Sport is natural to all human beings. It brings all human strengths and emotions into play, irrespective of differences. That gives it enormous power. I urge that we channel this power for achieving social goals and peace.”
The Olympic Laurel recipient for 2020 was selected by a distinguished judging panel representing all five continents: world-renowned Japanese film director Naomi Kawase for Asia; eminent scientist and then-Governor General of Canada Julie Payette for the Americas; Executive Director of UN Women, Phumzile Mlambo-Ngcuka of South Africa, for Africa; Secretary General of the Pacific Island Forum Secretariat and Papua New Guinean politician Dame Meg Taylor for Oceania; IOC Honorary President Jacques Rogge for Europe; and IOC President Thomas Bach, who presided over the jury.
Jury member Kawase said: “The Olympic Laurel is conferred upon outstanding individuals who help build a better world, using the power of sport to harness change and positivity. You will see that this year’s recipient is internationally recognised for relentless work in the empowerment and upliftment of disadvantaged sections of society.”
Born in 1940 in the seaport city of Chittagong, Professor Yunus studied at Dhaka University in Bangladesh, then received a Fulbright scholarship to study economics at Vanderbilt University. He received his PhD in economics in 1969 and joined Middle Tennessee State University, where he taught until he returned to Bangladesh in 1972.
The creation of the Olympic Laurel was one of the initiatives that emerged from recommendation 26 of Olympic Agenda 2020, the strategic roadmap for the future of the Olympic Movement, to further strengthen the blending of sport and culture.