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Measurement Framework and Methodology

Developed in 2016, the SBFN Measurement Framework was established in response to the demands of SBFN members for a systematic approach to assessing and benchmarking country progress in developing national sustainable finance frameworks. The Measurement Framework has been updated over time based on members’ feedback, capturing global trends in sustainable finance and setting an ambitious standard for SBFN members, under the leadership of the Measurement Working Group. Key objectives of the Measurement Framework include providing members with:

  • A benchmarking tool to learn from and compare peer approaches, track and review progress against global benchmarks and emerging best practices, and develop common concepts and definitions.
  • A mapping tool to capture innovations, market-based actions, and policy leadership demonstrated by SBFN members as they move their financial markets toward sustainability.
  • A learning tool to identify gaps and areas with capacity building needs, as well as to collaborate with World Bank Group teams and other partners to obtain assistance, advice, and technical support.
  • A blueprint/planning tool to design future sustainable finance policy pathways, including national strategies, roadmaps, action plans, and frameworks (e.g., for ESG and climate risk management, sustainable finance instruments, and data and disclosure).

The goal of the Measurement Framework is to provide a roadmap for continuous improvement, enabling members to learn, collaborate, and leverage the approaches and innovations of others in developing their respective national frameworks for sustainable finance.

Since 2018, the Measurement Framework has been guiding the SBFN Member Data Collection exercise, which has supported the development of SBFN’s Global Progress Brief and the SBFN Data Portal, the most comprehensive benchmarking of national sustainable finance initiatives across emerging markets.