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Launch webinar: SBFN Toolkit on Sustainable Finance Taxonomies

Wednesday, 24 April 2024 | 07.00 am – 9.00 am EST

The webinar marked the launch of the new SBFN Toolkit on Sustainable Finance Taxonomies. This new toolkit is part of a series of toolkits developed by the IFC-facilitated Sustainable Banking and Finance Network (SBFN) to support member countries in developing national enabling frameworks for sustainable finance.

It responds to the accelerating trend in global, regional, and national taxonomies being introduced by financial sector regulators, banking associations, and international organizations to support sustainable finance.

The toolkit has been developed under the guidance of the SBFN Working Group on Sustainable Finance Instruments and in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, as well as various IFC, World Bank, and IMF teams.

It aims to support financial sector regulators, banking associations and interested users in emerging markets to develop and update national and regional taxonomies, leveraging international good practice and lessons learned from other countries. The toolkit reflects the emerging collective insights of SBFN members that have introduced taxonomies, including Bangladesh, Brazil, China, Colombia, Georgia, Indonesia, Kazakhstan, Mexico, Mongolia, South Africa, Sri Lanka and Thailand, as well as the Association for Southeast Asian Nations, the European Union, and Latin America and the Caribbean.

The webinar featured a presentation of the toolkit and a panel discussion with key stakeholders and countries leading the way in taxonomy development and implementation.

07:00 — 07:05 Welcome and start of the session
07:05 — 07:15 Opening remarks Mr. Rong Zhang, Global Coordinator, SBFN
07:15 — 07:35 Presentation of the SBFN Taxonomy Toolkit process, key findings, highlights of the Toolkit, and future uses Ms. Louise Gardiner, Coordinator for the Sustainable Finance Instruments Working Group, SBFN
07:35 — 07:50 Reflections on China’s journey: a green credit taxonomy for banking and insurance Mr. YE Yanfei, former Deputy-Director General, China National Administration of Financial Regulation (NAFR)
07:50 — 08:50 Panel discussion Moderator: Ms. Fiona Stewart, Lead Financial Sector Specialist, Finance, Competitiveness, and Innovation Global Practice at the World Bank Group. Panelists: ·        Ms. Bheng Brazil, Deputy Director, Bangko Sentral ng Pilipinas ·        Mr. Makaio Witte, Head of Sustainable Finance, Global Program Sustainable Finance at Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH ·        Ms. Bridget Boulle, Principal Technical Advisor, Climate Bonds Initiative
08:50 — 09:00   Reflections on discussion and next phases of work Ms. Louise Gardiner, Coordinator for the Sustainable Finance Instruments Working Group, SBFN
09:00 End of webinar