Latest News – April 16, 2024: SBFN launched its 2024 Global Progress Brief and new Data Portal

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*New* SBFN Data Portal

The new SBFN Data portal is the most comprehensive database of sustainable finance initiatives in emerging markets and developing economies, enabling regular and consistent monitoring and benchmarking across countries, regions, and indicators.

2024 SBFN Global Progress Brief

The 2024 SBFN Global Progress Brief, offers a comprehensive benchmarking of sustainable finance trends and innovations across 66 member countries covering three pillars of sustainable finance: Environmental, Social, and Governance (ESG) Integration, Climate and Nature-Related Risk Management, and Financing Sustainability.

*New* SBFN Data Portal

The new SBFN Data portal is the most comprehensive database of sustainable finance initiatives in emerging markets and developing economies, enabling regular and consistent monitoring and benchmarking across countries, regions, and indicators.

2024 SBFN Global Progress Brief

The 2024 SBFN Global Progress Brief, offers a comprehensive benchmarking of sustainable finance trends and innovations across 66 member countries covering three pillars of sustainable finance: Environmental, Social, and Governance (ESG) Integration, Climate and Nature-Related Risk Management, and Financing Sustainability.

Featured SBFN Member Stories

Watch our members share inspiring insights with the SBFN community on their sustainable finance journey, their key achievements, as well as their vision for the future of the network and sustainable finance in their countries, regions, and globally.

In the latest testimony, Mr Koba Gvenetadze, the outgoing Governor of the National Bank of Georgia shares his organization’s journey in transforming ideas into measurable outcomes, guided by the sustainable finance roadmap and in partnership with SBFN and IFC.

Member Spotlight Videos
1/7 videos
1
Mr Koba Gvenetadze, Outgoing Governor, <strong>National Bank of Georgia.</strong>
Mr Koba Gvenetadze, Outgoing Governor, National Bank of Georgia.
02:51
2
Mr Habil Olaka, CEO, <strong>Kenya Bankers Association (KBA).</strong>
Mr Habil Olaka, CEO, Kenya Bankers Association (KBA).
04:19
3
Mr Pham Thanh Ha, Deputy Governor, <strong>State Bank of Viet Nam</strong>
Mr Pham Thanh Ha, Deputy Governor, State Bank of Viet Nam
03:17
4
Mr Juan Carlos Jiménez, General Director, <strong>Mexican Banking Association (ABM)</strong>
Mr Juan Carlos Jiménez, General Director, Mexican Banking Association (ABM)
03:49
5
Ms Rocío Aguilar Montoya, Superintendent, <strong>General Superintendency of Financial Institutions of Costa Rica (SUGEF)</strong>
Ms Rocío Aguilar Montoya, Superintendent, General Superintendency of Financial Institutions of Costa Rica (SUGEF)
04:17
6
Ms W A Dilrukshini, Director, Macroprudential Surveillance Department, <strong>Central Bank of Sri Lanka (CBSL)</strong>
Ms W A Dilrukshini, Director, Macroprudential Surveillance Department, Central Bank of Sri Lanka (CBSL)
03:42
7
Ms Elsie Addo Awadzi, Second Deputy Governor, <strong>Bank of Ghana.</strong>
Ms Elsie Addo Awadzi, Second Deputy Governor, Bank of Ghana.
04:45

*New* SBFN Toolkit on Sustainable Finance Taxonomies

The SBFN Toolkit on Sustainable Finance Taxonomies aims to support financial sector regulators, banking associations, and interested users in emerging markets as they navigate the complexities of developing or updating taxonomies.

The toolkit provides:

  1. Practical findings and examples from SBFN members that have implemented taxonomies.
  2. Emerging common elements of taxonomies.
  3. Guidance on the steps that countries can follow to strengthen the governance, design, and implementation of their taxonomies.
  4. Ideas on ‘levels of interoperability‘ to facilitate discussion moving forward.
  5. High-level profiles for 12 SBFN countries and 3 regions.

This toolkit will continue to evolve as new knowledge and solutions become available.

The Sustainable Banking and Finance Network (SBFN) is a platform for knowledge sharing and capacity building on sustainable finance for financial sector regulators and industry associations across emerging markets.

Facilitated by IFC as secretariat, and supported by the World Bank Group, SBFN helps mobilize information, resources, and practical support for members to design and implement national initiatives that advance sustainable finance at national, regional, and global levels.

Members are committed to moving their financial sectors towards sustainability, with the twin goals to:

Improve the management of environmental, social, and governance (ESG) risks – including climate risks – across the financial sector.

Increase capital flows to activities with positive environmental and social impacts, including climate change mitigation and adaptation.

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Member
Countries

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Member
Institutions

$0Tn

Banking Assets
Supervised

SBFN 2021 Global Progress Report and Country Reports

and

Evidence of Policy Innovations and Market Actions for Sustainable Finance across 62 Emerging Markets

What's New

SBFN and IFC Collaborate at the 2nd Philippine Climate Forum to Propel MSMEs Toward Net-Zero Transition

On World Environment Day, the International Finance Corporation (IFC) in the Philippines kicked off its 2nd Climate Forum, a pivotal event dedicated to fostering discussions and actions towards the net-zero transition for Micro, Small and Medium Enterprises (MSMEs). Held from June 5 to June 7, 2024, the forum convened key stakeholders including the Bangko Sentral ng Pilipinas (BSP), an SBFN member since 2013, Securities and Exchange Commission Philippines, Hong Kong Monetary Authority, and significant private sector partners such as The Alliance for Green Commercial Banks, Bank of the Philippine Islands, RCBC, GCash, and Maya.

Read More »

Central Bank of Montenegro Joins SBFN to Advance Sustainable Finance

Established in 2001, the CBCG is responsible for monetary policy, and the establishment and maintenance of a robust banking system and an efficient payment system. In response to the pressing challenges of sustainability, the CBCG has enacted policies to strengthen its financial system’s resilience. In line with this commitment, in 2022 it adopted the Central Bank of Montenegro Policy Related to Climate Change Challenges and also joined the Network for Greening the Financial System.

Read More »

Angolan Banking Association (ABANC) Joins SBFN, Reaffirming Their Commitment To Sustainable Finance

ABANC, a non-profit organization, represents all banks in Angola while fostering inclusivity and independence within the banking sector. Founded with the aim of fortifying Angola’s financial infrastructure and fostering stronger ties with society, ABANC is committed to nurturing a resilient banking sector that aligns with the nation’s evolving needs. Prioritizing ESG and sustainable finance, ABANC has initiated a dedicated task force to execute its strategic agenda, targeting key milestones over the next 2 to 3 years: (i) promoting alignment with global sustainable finance standards, (ii) fostering innovation, credibility, and operational efficiency in banking practices, and (iii) facilitating strategic alliances for the association and its members.

Read More »

Member-led Research

2024

Global Progress
Brief

2021

Global Progress
Report

2020

Necessary
Ambition

The Sustainable Banking and Finance Network

Evidence of Policy Innovations and
Market Actions across 62 Emerging Markets.

The Sustainable Banking and Finance Network (SBFN) is a platform for knowledge sharing and capacity building on sustainable finance for financial sector regulators and industry associations across emerging markets.

Facilitated by IFC as secretariat, and supported by the World Bank Group, SBFN helps mobilize information, resources, and practical support for members to design and implement national initiatives that advance sustainable finance at national, regional, and global levels.

cambodia agriculture 1793403 1920
0

Member
Countries

0

Member
Institutions

$0Tn

Banking Assets
Supervised

What's New

SBFN and IFC Collaborate at the 2nd Philippine Climate Forum to Propel MSMEs Toward Net-Zero Transition

On World Environment Day, the International Finance Corporation (IFC) in the Philippines kicked off its 2nd Climate Forum, a pivotal event dedicated to fostering discussions and actions towards the net-zero transition for Micro, Small and Medium Enterprises (MSMEs). Held from June 5 to June 7, 2024, the forum convened key stakeholders including the Bangko Sentral ng Pilipinas (BSP), an SBFN member since 2013, Securities and Exchange Commission Philippines, Hong Kong Monetary Authority, and significant private sector partners such as The Alliance for Green Commercial Banks, Bank of the Philippine Islands, RCBC, GCash, and Maya.

Read More »

Central Bank of Montenegro Joins SBFN to Advance Sustainable Finance

Established in 2001, the CBCG is responsible for monetary policy, and the establishment and maintenance of a robust banking system and an efficient payment system. In response to the pressing challenges of sustainability, the CBCG has enacted policies to strengthen its financial system’s resilience. In line with this commitment, in 2022 it adopted the Central Bank of Montenegro Policy Related to Climate Change Challenges and also joined the Network for Greening the Financial System.

Read More »

Angolan Banking Association (ABANC) Joins SBFN, Reaffirming Their Commitment To Sustainable Finance

ABANC, a non-profit organization, represents all banks in Angola while fostering inclusivity and independence within the banking sector. Founded with the aim of fortifying Angola’s financial infrastructure and fostering stronger ties with society, ABANC is committed to nurturing a resilient banking sector that aligns with the nation’s evolving needs. Prioritizing ESG and sustainable finance, ABANC has initiated a dedicated task force to execute its strategic agenda, targeting key milestones over the next 2 to 3 years: (i) promoting alignment with global sustainable finance standards, (ii) fostering innovation, credibility, and operational efficiency in banking practices, and (iii) facilitating strategic alliances for the association and its members.

Read More »

Members

global meetings 2015 peru group photpgraph

80 financial sector regulators and industry associations from 63 countries in emerging markets

Member-led Research

2021

Global Progress report

2020

Necessary Ambition

2018

Green Bonds Market Report