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.
Dr. Elli Siapkidou
Financial System Research Lead, World Benchmarking Alliance (WBA)
Dr. Anthony Miller
Coordinator, United Nations Sustainable Stock Exchanges Initiative (SSE)
Bastian Buckz
Chief of Standards,
Global Reporting Initiative (GRI)
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.
| Region | Country | Organization |
|---|---|---|
| Asia & Pacific | Bangladesh | Bangladesh Bank |
| Asia & Pacific | Cambodia | The Association of Banks in Cambodia |
| Asia & Pacific | China | China Banking and Insurance Regulatory Commission (co-chair) |
| Asia & Pacific | Fiji | Reserve Bank of Fiji (RBF) |
| Asia & Pacific | Mongolia | Bank of Mongolia |
| Asia & Pacific | Mongolia | Mongolian Sustainable Finance Association (MSFA) |
| Asia & Pacific | Philippines | Bangko Sentral ng Pilipinas |
| Asia & Pacific | Sri Lanka | Central Bank of Sri Lanka |
| Asia & Pacific | Viet Nam | State Bank of Viet Nam |
| Eastern Europe and Central Asia | Armenia | Central Bank of Armenia |
| Eastern Europe and Central Asia | Georgia | National Bank of Georgia (co-chair) |
| Eastern Europe and Central Asia | Kyrgyz Republic | The Union of Banks of Kyrgyzstan |
| Eastern Europe and Central Asia | Tunisia | Central Bank of Tunisia |
| Eastern Europe and Central Asia | Turkey | Banking Regulation and Supervision Agency of Turkey (BRSA) |
| Eastern Europe and Central Asia | Ukraine | National Securities and Stock Market Commission of Ukraine |
| Latin America the Caribbean | Brazil | FEBRABAN |
| Latin America the Caribbean | Colombia | Asobancaria |
| Latin America the Caribbean | Colombia | Superintendencia Financiera de Colombia |
| Latin America the Caribbean | Costa Rica | Costa Rica´s General Superintendence of Financial Institutions |
| Latin America the Caribbean | Honduras | National Commission of Banks and Insurance (CNBS) |
| Latin America the Caribbean | Paraguay | CENTRAL BANK OF PARAGUAY |
| Latin America the Caribbean | Paraguay | Mesa de Finanzas Sostenibles del Paraguay |
| Latin America the Caribbean | Regional, LAC | FELABAN (Federation of Latin American Banks) |
| Latin America the Caribbean | Regonal, Eastern Caribbean | Eastern Caribbean Central Bank |
| Middle East & Africa | Egypt | Central Bank of Egypt |
| Middle East & Africa | Ghana | Bank of Ghana |
| Middle East & Africa | Ghana | Ghana Association of Banks |
| Middle East & Africa | Iraq | Central Bank of Iraq |
| Middle East & Africa | Morocco | Autorité Marocaine du Marché des Capitaux (AMMC) |
| Middle East & Africa | Nigeria | Central Bank of Nigeria |
| Middle East & Africa | Regional, Central Africa | COSUMAF |
| Middle East & Africa | South Africa | The Banking Association South Africa |
| Global | – | IFC/World Bank |
| Global | – | World Benchmarking Alliance |
| Global | – | UN Sustainable Stock Exchanges Initiative |
| Global | – | Global Reporting Initiative |
| Global | – | International Sustainability Standards Board (tbc) |
| Global | – | International Platform on Sustainable Finance / European Commission (tbc) |