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


Category: Member Milestones

The Sustainable Banking and Finance Network (SBFN) is pleased to announce the official commencement of its collaboration with the National Bank of Tajikistan (NBT). In a working session held on April 2, the Chairman of the National Bank of Tajikistan, Tolibzoda Firdavs, engaged in discussions with representatives of SBFN and the International Finance Corporation (IFC) regarding the goals and expectations of NBT’s membership in SBFN.
CRMS is an integrated framework that includes aspects of governance, strategy, risk management and disclosure to assess the resilience of bank business models and strategies in facing climate change in the short, medium and long term. The initiation of guidance development related to climate risk management in Indonesia itself has been started since 2023 through the issuance of initial guidance which is further developed to be more comprehensive as outlined in the 2024 CRMS Guideline document.
Observing its 40th anniversary under the theme “ECCB@40: A Year of Reflection, Celebration and Implementation,” the Eastern Caribbean Central Bank (ECCB) recently held a three-day Global Conference in collaboration with Central Banking Publications. The forum, which attracted 120-plus central bankers, including 15 governors and deputy governors from all seven continents, addressed crucial topics such as greening the financial system, reserves management, fintech, and central bank digital currencies (CBDCs).
During a recent 39th Chairs’ meeting of the ASEAN Capital Markets Forum hosted by the Financial Services Authority of Indonesia (OJK) focusing on sustainable capital markets, several key actions were taken to enhance sustainability practices in the financial sector. The meeting attendees endorsed the ASEAN Transition Finance Guidance, establishing a common standard for transparent and inclusive transition finance. Additionally, they approved the revised ASEAN Corporate Governance Scorecard, aligning it with the updated G20/OECD Principles of Corporate Governance, emphasizing sustainability-related governance.
Central Bank of Armenia (CBA), a SBFN member since 2021, unveiled the first national Sustainable Finance Roadmap in October 2023. The Roadmap is a response to growing climate risks facing the country, as well as an existing gap to finance sustainable development. It outlines the CBA’s expectations and planned actions to advance sustainability in the financial sector covering a range of financial market participants, including banks, credit institutions, insurance, and asset managers.
On May 25, 2023, the Union of Banks of Kyrgyzstan organized the 8th annual Bishkek International Financial Forum (BIFF) with the theme "Technologies, Opportunities, Sustainable Development." The forum aimed to facilitate professional communication, partnership, and growth within the financial sector. Co-organized by the National Bank of the Kyrgyz Republic, the United Nations Environment Programme (UNEP), and the International Finance Corporation (IFC), the event featured speakers from various countries.
The Sustainable Banking and Finance Network (SBFN), Bank of Central African States (BEAC), and IFC, a member of the World Bank Group, hosted an international forum on sustainable finance in Douala, Cameroon, on May 8-9, 2023. The event was attended by nearly 200 senior officials representing financial sector regulators and industry associations from more than 20 African countries.
The Central Bank of Azerbaijan (CBAR), a Sustainable Banking and Finance Network (SBFN) member since 2022, published the country’s first Sustainable Finance Roadmap in February 2023.  The Roadmap sets out the country’s ambition for sustainable finance for the period 2023-2026 and aims to ensure both sustainability of the financial sector to the environmental, social and governance (ESG) risks and the realization of green finance opportunities.
In December 2022, at the invitation of the Ministry of Ecology and Environment, and under the guidance of the China Banking and Insurance Regulatory Commission (CBIRC), the China Banking Association (CBA) held a side event on Bank’s nature and climate initiatives during the second phase of the 2020 UN Biodiversity Conference (COP15).
National Bank of Georgia, IFC, and SBFN co-hosted the 4th annual Sustainable Finance Forum in Tbilisi, Georgia, in partnership with the State Secretariat for Economic Affairs in Switzerland (SECO). The event has increased its global reach over the years and was attended by over 300 participants from 55 countries both in person and virtually.