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.
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]
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.
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 – SBFN_Secretariat@ifc.org
Media Contact: Kathryn Graczyk – KGraczyk@ifc.org
Short URL for this page: www.ifc.org/sbfn