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Sustainable Banking Network – Working Groups

SBN convenes a wealth of expertise through member institutions that have developed national approaches to sustainable finance and are committed to sharing their insights and lessons with peers. One of the most valuable ways this is achieved is through member-led working groups established in response to priority issues identified by members and with the aim of developing practical technical resources to support them.

 

SBN Measurement Working Group, established in 2016, the WG responds to SBN member demand for a systematic approach to assess and benchmark country progress in developing national sustainable finance frameworks. Up to September 2020, the WG has comprised representatives from 12 countries and regions and was chaired by the China Banking and Insurance Regulatory Commission (CBIRC) and the Indonesia Financial Services Authority (OJK).

The WG has developed and refined a Measurement Framework that was approved by all members and continues to evolve to keep pace with country-level and global developments. The WG members provided leadership for SBN’s 1st Global Progress Report and 15 Country Progress Reports in 2018, as well as the 2nd Global Progress Report and 30 Country Progress Reports in 2019.

New Co-Chairs and members of the WG were announced in October 2020 and are guiding the latest update of the SBN Measurement Framework as well as development of SBN’s 3rd Global Progress Report, which will be published in October 2021. Read the MWG Terms of Reference.

Measurement Working Group Members:

Incoming Co-Chairs: Superintendencia Financiera de Colombia (SFC), Mongolian Sustainable Finance Association (MSFA), and the Autorité Marocaine du Marché des Capitaux (AMMC).

Incoming members: Bangladesh Bank, Association of Banks in Cambodia, China Banking and Insurance Regulatory Commission, Colombian Banking Association (Asobancaria), Central Bank of Egypt, Reserve Bank of Fiji, National Bank of Georgia, Honduras National Commission of Banks and Insurance (CNBS), the Indonesia Financial Services Authority (OJK), Kenya Bankers Association, Union of Banks of Kyrgyzstan, Panama Banking Association (ABP), Bangko Sentral ng Pilipinas (BSP), Central Bank of Sri Lanka, Central Bank of Tunisia, Banking Regulation and Supervision Agency of Turkey (BDDK), Latin American Banks Federation (FELABAN).

Sustainable Finance Instruments Working Group (the former Green Bond Working Group): Established in 2017, this WG responds to members’ interest in the global green bond trend and associated market opportunities. It led to the 2018 report “Creating Green Bond Markets”, which mapped green bond market developments in over 22 emerging markets and included a practical toolkit for SBN members. Going forward, the WG will expand to reflect new developments in social and sustainability bonds and loans and other financial instruments with green, social, and sustainability benefits.

SBN International Development Association (IDA) Task Force

The SBN International Development Association (IDA) Task Force, established in 2018, responds to low-income members’ interests in finance for climate change. It aims to deepen the sustainable finance framework development and implementation in IDA member-countries. The task force constitutes 11 countries: three in advanced stages of implementing sustainable finance and eight at the outset of their journeys. 

The Mongolian Sustainable Finance Association and Pakistan Central Bank co-chair the group.

The IDA Task Force aspires to raise environment, social, and governance risk management standards in financial markets, to mobilize financing, particularly from private sector, for climate change mitigation and adaptation in line with the Paris Agreement, and to support capital flows that deliver the Sustainable Development Goals. Private sector finance in emerging markets can make a substantial difference.

Data & Disclosure Working Group: Announced in 2019, this WG 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 environmental, social, and governance (ESG) risks at the market level and incentivize the transition to green economies. Recent trends include the growing need for climate-related data, driven by initiatives such as the Task Force on Climate-related Financial Disclosures (TCFD). The WG will map the latest country-level developments in sustainable finance data and disclosure across the SBN community as well as international initiatives to facilitate the continued development of tools and practical guidance for SBN members.