Latest News – September 13: SBFN hosted its 8th Global Meeting in Rio de Janeiro, Brazil
Help

Data and Disclosure Working Group

About This Working Group

The Data and Disclosure Working Group responds to the current global need for improved data and disclosure by the financial sector to support national sustainable finance ecosystems and enable regulators and supervisory agencies to better assess and manage environmental, social, and governance (ESG) risks and performance at the market and institution level.

Credible data is also key to directing capital to sectors and businesses that support low carbon and just transition, thereby helping to achieve national sustainable development objectives and global commitments.

In their efforts to promote sustainable finance practices across the financial sector — including banking, insurance, pension funds, and capital markets — a consistent gap identified by SBFN members is the lack of adequate, consistent, and comparable data related to ESG risk and opportunities, climate risk management, and capital flows.

At the same time, emerging markets face increased pressure from investors and international standards setters to improve their transparency about sustainability management, portfolio and project-level risks, sustainability performance while also needing to respond to a proliferation of ESG and climate reporting frameworks.

In this context, the Working Group has focused on:

  • contributing to the formulation of members’ national reporting frameworks
  • developing of common approaches to reporting anchored in the members’ experience, and
  • collaboration with international partners with the objective to bring voices of emerging markets to global debates on reporting.

In particular, the Working Group has been participating in the development of global reporting standards such as the Global Reporting Initiative Sector Standards. In addition, in June 2024, SBFN partnered with the IFRS Foundation to improve sustainability and climate reporting in emerging markets. The partnership aims to build capacity and facilitate deeper knowledge of reporting standards and contribute to greater transparency and accountability.

As part of the partnership, in September 2024, SBFN co-hosted an online training on Applying the IFRS Sustainability Disclosure Standards for Banks with the objective to provide SBFN members with a practical, step-by-step guidance on implementing the ISSB S1 and S2 Standards.

The Working Group has also commenced the formalization of common approaches to reporting underpinned by extensive mapping of country-level practices in data and disclosure across the SBFN community and international standards. The result of the mapping will be a practical guidance to regulators and industry associations on how to measure and monitor sustainable finance performance of the financial sector.

The working group is currently chaired by China National Financial Regulatory Administration  and National Bank of Georgia.

Working Group Meetings

In March 2022, the working group hosted its first meeting. Over 70 participants joined the two-hour virtual discussion, representing SBFN members and partner organizations.

The Working Group Co-Chairs — China Banking and Insurance Regulatory Commission (CBIRC) and National Bank of Georgia — provided in-depth presentations. Other country updates were provided by Morocco’s Capital Market Authority (AMMC), Central Bank of Nigeria, the Financial Superintendency of Colombia, and the Johannesburg Stock Exchange, which IFC is currently supporting to develop cutting-edge climate and ESG disclosure guidance for South African listed companies.

The meeting also included perspectives from a panel of experts active in key global initiatives to support sustainability reporting, disclosure, and benchmarking focused on financial institutions and the private sector more broadly.

View the Presentation Video

Elli Siapkidou

Dr. Elli Siapkidou

Financial System Research Lead, World Benchmarking Alliance (WBA)

Download Presentation

Anthony Miller

Dr. Anthony Miller

Coordinator, United Nations Sustainable Stock Exchanges Initiative (SSE)

B Buck

Bastian Buckz

Chief of Standards,
Global Reporting Initiative (GRI)

R Germanova

Ralitza Germanova
(Moderator)

Sustainability and Climate Disclosure and Transparency Lead and Corporate Governance Officer, IFC

Working Group Co-Chairs

Working Group Members

Click on the green bar below to search the table of contributing members and organisations.

You can also search keywords in each table by using the search box.

RegionCountryOrganization
Asia & PacificBangladeshBangladesh Bank
Asia & PacificCambodiaThe Association of Banks in Cambodia
Asia & PacificChinaChina Banking and Insurance Regulatory Commission (co-chair)
Asia & PacificFijiReserve Bank of Fiji (RBF)
Asia & PacificMongoliaBank of Mongolia
Asia & PacificMongoliaMongolian Sustainable Finance Association (MSFA)
Asia & PacificPhilippinesBangko Sentral ng Pilipinas
Asia & PacificSri LankaCentral Bank of Sri Lanka
Asia & PacificViet NamState Bank of Viet Nam
Eastern Europe and Central AsiaArmeniaCentral Bank of Armenia
Eastern Europe and Central AsiaGeorgiaNational Bank of Georgia (co-chair)
Eastern Europe and Central AsiaKyrgyz RepublicThe Union of Banks of Kyrgyzstan
Eastern Europe and Central AsiaTunisiaCentral Bank of Tunisia
Eastern Europe and Central AsiaTurkeyBanking Regulation and Supervision Agency of Turkey (BRSA)
Eastern Europe and Central AsiaUkraineNational Securities and Stock Market Commission of Ukraine
Latin America the CaribbeanBrazilFEBRABAN
Latin America the CaribbeanColombiaAsobancaria
Latin America the CaribbeanColombiaSuperintendencia Financiera de Colombia
Latin America the CaribbeanCosta RicaCosta Rica´s General Superintendence of Financial Institutions
Latin America the CaribbeanHondurasNational Commission of Banks and Insurance (CNBS)
Latin America the CaribbeanParaguayCENTRAL BANK OF PARAGUAY
Latin America the CaribbeanParaguayMesa de Finanzas Sostenibles del Paraguay
Latin America the CaribbeanRegional, LACFELABAN (Federation of Latin American Banks)
Latin America the CaribbeanRegonal, Eastern Caribbean Eastern Caribbean Central Bank
Middle East & AfricaEgyptCentral Bank of Egypt
Middle East & AfricaGhanaBank of Ghana
Middle East & AfricaGhanaGhana Association of Banks
Middle East & AfricaIraqCentral Bank of Iraq
Middle East & AfricaMoroccoAutorité Marocaine du Marché des Capitaux (AMMC)
Middle East & AfricaNigeriaCentral Bank of Nigeria
Middle East & AfricaRegional, Central AfricaCOSUMAF
Middle East & AfricaSouth AfricaThe Banking Association South Africa
GlobalIFC/World Bank
GlobalWorld Benchmarking Alliance
GlobalUN Sustainable Stock Exchanges Initiative
GlobalGlobal Reporting Initiative
GlobalInternational Sustainability Standards Board (tbc)
GlobalInternational Platform on Sustainable Finance / European Commission (tbc)