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Sustainable Banking and Finance Network

October 29, 2021 — We are delighted to release the third Sustainable Banking and Finance Network (SBFN) Global Progress Report. The Report highlights the efforts of forty-three emerging economies to accelerate national sustainable finance policies and prepare the financial sector to address climate change. Collective action between regulators and industry associations across the financial sector has emerged as an essential strategy to harmonize good practice expectations, disclosure requirements, and definitions of sustainability-focused activities that help address environmental, social and governance (ESG) risks and opportunities in all financial sector activities.

Check out the new SBFN website, featuring the 2021 SBFN Global Progress Report “Accelerating Sustainable Finance Together”, a searchable Policy Library with over 200 sustainable finance policies, voluntary principles, technical guidelines, and related researches from SBFN member countries, SBFN working groups, publications, webinars, and more.

SBFN Global Progress Report Launch Webinar: Accelerating Sustainable Finance Together
Featuring high-level contributions from IFC, World Bank, and SBFN members. Read more.

Recognizing the growing diversity within the Network, and with strong support from members, we are delighted to announce that the Sustainable Banking Network (SBN) is now the "Sustainable Banking & Finance Network (SBFN)", including a fresh new logo. The new name reflects a significant increase in recent years in collaboration by regulators and industry across all parts of the financial sector in emerging markets to advance environmental and social risk management, respond to climate change, and unlock new business opportunities offered by sustainable finance. Look out for our forthcoming Global Progress Report and 30+ Country Reports - the most comprehensive benchmarking of sustainable finance initiatives across emerging markets.
Welcome New Member: The Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO) joins SBFN. Read more.

Achievements and Actions by SBFN Members: 2021 (Ongoing) & 2020 Round-Up  

The Sustainable Banking and Finance Network (SBFN, formally the "Sustainable Banking Network" or "SBN") is a unique, voluntary community of financial sector regulatory agencies and banking associations from emerging markets committed to advancing sustainable finance in line with international good practice. The 43-member countries represent US$43 trillion (86 percent) of the total banking assets in emerging markets.

The idea for the SBFN arose during the first International Green Credit Forum, hosted by IFC and the China Banking Regulatory Commission, in Beijing in May 2012, where banking regulators and associations from 10 countries requested that IFC facilitate a global knowledge network on sustainable banking. The Network was formally launched in September 2012.

SBFN members are committed to moving their financial sectors towards sustainability, with the twin goals of improved ESG risk management (including disclosure of climate risks) and increased capital flows to activities with positive climate impact.  It is a platform for knowledge sharing and capacity building that facilitates the mobilization of practical support for members to design and implement national initiatives.


 Key Resources

SBFN Background [PDF]

SBFN Membership Map [PDF]

SBFN Green Bond Toolkit [PDF]

SBFN Measurement Infographic [PDF]

SBFN Webinar Series [Link]

Financial Institutions: Resources, Solutions, and Tools (FIRST) [Link]

SBFN G20 Input Papers

Greening the Banking System: Experiences from the Sustainable Banking and Finance Network (SBFN) [PDF]

Private Equity and Venture Capital’s Role in Catalyzing Sustainable Investment [PDF]

Greening Banks and Capital Markets for Growth [PDF]


Sustainable Banking Policies, Guidelines and Principles

As capital providers, banks are ideally placed to help the private sector adapt to new economic realities linked to environmental and social (E&S) sustainability – such as climate change, changing communities, and increased resource scarcity – and to contribute to national sustainable development agendas. However, for banks to effectively integrate new practices in E&S risk management and green and inclusive lending, they require an enabling regulatory context that ensures a level playing field and provides the right economic incentives.

With this in mind, a growing number of emerging market banking regulators have started to team up with partner agencies to pioneer the development of regulatory guidance that encourages local banks to adopt sustainable banking practices. This includes more effective management of E&S risks in the projects they finance and support for businesses that are greener, climate friendly and socially inclusive.

To date, 33 countries have launched national policies, guidelines, principles, or roadmaps focused on sustainable banking. They include Argentina, Bangladesh, Brazil, Cambodia, China, Colombia, Costa Rica, Dominican Republic, Ecuador, Egypt, Georgia, Ghana, Honduras, India, Indonesia, Iraq, Kenya, Mexico, Mongolia, Morocco, Nepal, Nigeria, Pakistan, Panama, Paraguay, Peru, Philippines, South Africa, Sri Lanka, Thailand, Turkey, Ukraine, and Vietnam. The SBFN provides the  institutions a space to exchange experiences, gain knowledge, and collectively drive the sustainable finance agenda.


Network Activities

SBFN Global Meetings are held every two years and are the principal space for dialogue, networking, and knowledge generation. A different member country, in cooperation with IFC, hosts the Global Meeting each time. SBFN members also are invited to participate in IFC-hosted dialogue events and expert groups, such as the annual Performance Standards Community of Learning for financial institutions, which adopted the Equator Principles. These events provide members the opportunity to dialogue with leading worldwide commercial banks, and this interaction is strategic for developing regulatory guidance.


SBFN Contact: SBFN Secretariat –

Media Contact: Kathryn Graczyk –


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