SBFN Progress and Goals
Established in in 2012, SBFN is a voluntary community of financial sector regulators, central banks, ministries of finance, ministries of environment, and industry associations from emerging markets committed to advancing sustainable finance for national development priorities, financial market deepening, and stability.
IFC is SBFN’s Secretariat and knowledge partner, assisting members to share knowledge and access capacity building to support the design and implementation of national sustainable finance initiatives.
As of February 2023, SBFN comprises 77 member institutions representing 63 countries and US$43 trillion (86 percent) of the total banking assets in emerging markets.
SBFN members are committed to moving their financial sectors towards sustainability, with the twin goals of:
- (i) improved risk management and governance of environmental, social, and governance (ESG) factors by financial institutions (FIs) — including management and disclosure of climate risks, and
- (ii) increased capital flows to activities with positive environmental and social impact, including climate change mitigation and adaptation.
Support to SBFN Members
SBFN supports members to advance sustainable finance in their countries and regions through the following activities:
- Virtual and in-person global gatherings, such as the SBFN Biennial Meetings
- Peer-to-peer exchanges among members, such as study tours, virtual knowledge exchanges, and learning events.
- Member-led thematic working groups
- Regular membership communications on policy and implementation developments across member countries.
- The biennial SBFN Global and Country Progress Reports.