Sustainable Banking Network – What's New

Sri Lanka Central Bank launches Sustainable Finance Roadmap

The Central Bank of Sri Lanka launched the Roadmap for Sustainable Finance in Sri Lanka and hosted a high-level seminar for senior officers of Financial Institutions and Stakeholders on 19 June 2019 at The Atrium of the Central Bank of Sri Lanka, Colombo. This was the National Launch of the Roadmap for Sustainable Finance which was unveiled globally on 10 April 2019 at the Sustainable Banking Network Global Meeting of the International Finance Corporation (IFC) in Washington, D.C, USA. 

Read the Press Release here.

Item posted: June 20, 2019

Hong Kong Monetary Authority (HKMA) introduces key measures on sustainable banking and green finance

The Hong Kong Monetary Authority (HKMA) today unveiled three sets of measures to support and promote Hong Kong’s green finance development.  In his opening remarks at the HKMA Green Finance Forum today, Mr Norman Chan, Chief Executive of the HKMA, said that the HKMA will collaborate with the industry and other stakeholders to combat climate change risks and develop green finance.

“Climate change is one of the major risks threatening the well-being of mankind.  It must be tackled on a global basis and across different sectors of the economy.  How the banking and financial system operates will clearly have an impact on the way in which climate risk is managed or reduced.  The HKMA, in support of the mission to reduce climate change risks and to achieve sustainable finance, will launch three sets of measures,” said Mr Chan.

Read the Press Release here.

The Association of Banks in Cambodia launched the Sustainable Finance Principles on March 29, 2019.

IFC and IFC-supported Sustainable Banking Network laud the Association of Banks in Cambodia (ABC) for developing and launching Cambodia Sustainable Finance Principles. The National Bank of Cambodia and the Ministry of Environment endorsed the Principles. 47 ABC member banks signed onto the Principles, committing to green and inclusive prosperity.

Read the Press Release here.

Sustainability Webinar Series: Creating Green Bond Markets in Africa

IFC invites you to join us for the free presentation in IFC's Sustainability Webinar Series: Creating Green Bond Markets in Africa, which is co-hosted by Sustainable Banking Network (SBN), Climate Bonds Initiative (CBI), and the Moroccan Capital Market Authority (AMMC).

Date&Time: Thursday, February 7, 9:30am-10:30am Eastern Daylight Time

This 1-hour free webinar presents exclusive insights from the report “Creating Green Bond Markets”, the most comprehensive review to date of the green bond trend in emerging markets and offering the first practical Green Bond Market Development Toolkit. It features presentations by the Climate Bonds Initiative (CBI) – report co-authors – and the Morocco Capital Market Authority (AMMC) – co-chair of the SBN Green Bond Working Group – on what these findings mean for African countries. It will also explore how African countries can further unlock the shared opportunities in green and inclusive investment across the continent.

Space is limited! Please register by January 30:

Note: A confirmation with webinar link and information will be sent to registrants. This webinar will be recorded and available online on the IFC Sustainability website ( after the event.

Click here to download more information about the webinar.

SBN FI Survey Rolled Out in 17 Countries 

A SBN online survey on banks’ sustainable finance performances and practices have been launched in December 2018 across 17 countries,  including Bangladesh, Brazil, China, Colombia, Ecuador,  Indonesia, Mongolia, Nepal, Nigeria, Vietnam, Kenya, Mexico, Morocco, Pakistan, Peru, South Africa and Turkey. All 17 countries have launched national sustainable finance policies and/or principles. The FI Survey will complement national enabling environment review to form a comprehensive picture on the development status on sustainable finance. The SBN FI questionnaire covers three aspects, including green & climate finance, ESG risk management and eco-efficiency practices of operations.  The Survey is implemented with the support of Ernest & Young and available in 4 languages, English, French, Spanish and Chinese.

We are now calling on SBN members’ support in the above 17 countries to encourage FI participation in the survey.  The survey is open until end of February 2019. Please distribute the survey link to banks or other relevant FIs in your market and encourage them to participate.  Survey responses will be aggregated at national and global level. Individual bank information will be treated as confidential and will not be disclosed. At the same time,  we are looking for individual FI case studies on sustainable finance with positive demonstration impact, please feel free to nominate pioneering banks from your market. Those case studies will be included in the SBN Global Progress Report as a resource for global learning. 

Link of Survey:

For more information and questions regarding the SBN FI survey, please contact IFC and Ernest &Young,  Wei Yuan,, and Antoine Helouin ,

The Moroccan Capital Market Authority Joins SBN

The Moroccan Capital Market Authority (AMMC) joined SBN in December 2018. AMMC is regional co-chair of the SBN Green Bond Working Group and will continue to play an active leading role in the sustainable finance development agenda in Morocco, Africa, and globally. In 2016, AMMC contributed to the Roadmap for Aligning the Moroccan Financial Sector with Sustainable Development, a comprehensive, coordinated and unified vision for the transition to a sustainable and low carbon economy, published by the Central Bank of Morocco, an SBN member since 2014. AMMC published pioneering green bond guidelines in 2016 and updated these in 2018 to incorporate instructions on issuance of social and sustainability bonds. Morocco’s national sustainable finance framework is rated at the “emerging” stage by the SBN 2018 Global Progress Report. AMMC is committed to scaling up action on green and sustainable finance in Morocco, and focuses on raising awareness among market participants to encourage good practice, on promoting innovation in sustainable finance, and on working closely with all stakeholders.

A Panorama of Sustainable Banking in Latin American: The Green Finance Latin America Report 2017

The Green Finance Latin America Report 2017 describes the current panorama of sustainable banking in eighteen Latin American countries. To gain a comprehensive picture, the research focuses only on the private banking sector, as its role is crucial. It concentrates in four main dimensions that involve different business and administrative units within the bank: (i) green products and services, (ii) sustainable finance strategic commitment, (iii) environmental risk management, and (iv) eco-efficiency practices. The findings of this report are based on data collected through theoretical framework, market research and a special-purpose survey that reached a varied sample comprising 101 private sector banks in Latin America. 

Download the full report in English and in Spanish.

Seminar on Policy Frameworks for Sustainable Finance on November 6-7, Beijing, China

The 2nd Global Green Finance Leadership Program (GFLP) was co-hosted by the Tsinghua Center of Finance and Development and SBN. 120 representatives from 38 countries attended the Seminar. The event featured the first convening of leading sustainable finance networks of financial regulators represented by SBN and EU/NGFS. There was a consensus to develop an integrated approach on sustainable finance policy framework, including: (a) common technical components (ESG integration, green/climate finance, taxonomy, ESG disclosure and capacity building); (b) process of multi-stakeholder engagement; (c) alignment with international standards and best practices. In addition, the GFLP program convened a Green Taxonomy Working Group to develop a common reference point that could be used by SBN members and the wider GFLP network. It was recognized that financial regulators had an important role in developing consistent taxonomy to define and measure green and climate finance. The discussion centered around: (a) global consensus and alignment; (b) unique national context; (c) expansion to the social realm for sustainability taxonomy; (d) avoid green washing and allow national context for transitional issues. For more information, please find the event summary and the presentation slides.

IFC CEO Philippe Le Houérou highlights SBN's impact in his Op-Ed published by Devex "The Equator Principles just turned 15, we should celebrate their impact”

"Many regulators in emerging markets are working with IFC through the Sustainable Banking Network. This network brings together banking regulators and associations from 35 countries to transform their financial markets toward environmental and social sustainability in line with IFC’s Performance Standards and the Equator Principles. These regulators see this as critical to the stability of their domestic financial systems and a way to channel more financing toward sustainable development." More »

The European Commission wants bigger role for regulators in sustainable finance development

More »

The Financial Superintendence of Colombia Joins SBN

The Superintendencia Financiera de Colombia (SFC) joined the SBN community in September 2018. The SFC is the Colombian government agency responsible for overseeing financial regulation and market systems in order to preserve stability, security and confidence, and to promote, organize and develop the securities market. Colombia launched the Green Protocol (Procotolo Verde) in 2012 by the Asobancaria (Colombia Banking Association - also a SBN member), and the Ministry of Environment and Sustainable Development. In 2016, Asobancaria released the General Guidelines for the Implementation of Environmental and Social Risk Analysis. Colombia’s national sustainable finance framework is rated at the “established” stage by the SBN 2018 Global Progress Report. SFC is monitoring the green finance market developments in Colombia. In the next couple of years, they plan to identify the adequate interventions that keeps mobilizing green finance and develop policies that better align the financial system with sustainable development.

IFC VP Ethiopis Tafara highlights the SBN Report in an Op Ed published by Project Syndicate: Improving the Sustainability of Development Finance

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Registration Open for Seminars on Policy Framework for Sustainable Finance in Emerging Economies – November 6-7, 2018 – Beijing, China

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Sustainable Finance Highlighted at FELABAN Annual Assembly

  • Sustainable Finance Highlighted at FELABAN Annual Assembly [LINK]
  • SBN's partnership with FELABAN is featured in a Q&A with IFC's Peer Stein in Business News Americas: How IFC is advancing LatAm's green finance agenda [LINK]


IFC Cements Partnership with Indonesia's Financial Services Authority (OJK) to Advance Global Sustainable Finance

On April 19th, Indonesia’s Financial Services Authority, Otoritas Jasa Keuangan (OJK), signed a Memorandum of Understanding (MOU) with the International Finance Corporation (IFC) affirming its continued partnership in environmental and social risk management and sustainable financing practices for the Indonesian financial sector. The MoU highlights OJK and IFC’s innovative partnership and signals IFC’s continued support to Indonesia to advance sustainable finance in Indonesia, as well as regionally and globally through SBN.

IFC Cements Partnership with Indonesia's Financial Services Authority (OJK) to Advance Global Sustainable FinanceIn July 2017, OJK released a sustainable finance regulation to provide guidance to “green” the entire financial system, including banking, capital markets, insurance, leasing, and pension funds. IFC will assist OJK with the first phase of implementation of this regulation. OJK’s collaboration with IFC began in 2012, when OJK became a founding member of the IFC-supported Sustainable Banking Network (SBN). Since then, OJK has taken an active role in the SBN community as a co-chair of SBN’s Measurement Working Group and founding member of the newly-formed SBN Green Bond Working Group, which seeks to advance green bond issuance among the collective community of SBN. Indonesia was recognized by SBN’s flagship Global Progress Report as one of eight most advanced countries in terms of sustainable finance development, having implemented large-scale reforms and put in place systems for results measurement.

Item posted: April 19, 2018


Kyrgyzstan Joins SBN

The Union of Banks of Kyrgyzstan joined SBN on March 30, 2018. The Union now comprises 24 commercial banks, two large microfinance institutions, one leasing company and three associate members. The Union signed a memorandum of understanding with the Institute for Sustainable Development of Finance at the Green Economic Forum held in Bishkek in November 2017. Under this agreement, a mutual understanding was reached in the need to develop sustainable financing, and to prepare commercial banks to attract global capital for green and socially responsible financing of the economy. The Union plans to develop a sustainable finance roadmap for Kyrgyzstan.


IFC VP Ethiopis Tafara highlights SBN in the Financial Times – Sustainable finance: the path to growth: A network of emerging market countries shows how world can achieve goals by 2030

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Registration Open for Seminars on Policy Framework for Sustainable Finance in Emerging Economies – November 6-7, 2018 – Beijing, China

Seminars on Policy Framework for Sustainable Finance in Emerging Economies, as the second event of the Global Green Finance Leadership Program (GFLP), held over 2 days in Beijing focus on global experiences on policy frameworks for sustainable and green finance development. Topics include:

  • Overview of sustainable finance policy framework
  • Green taxonomies and the role of financial regulators
  • Environmental information disclosure as a policy instrument
  • Green finance capacity buidling for emerging economies

Please register: GFLP Seminars on Policy Framework for Sustainable Finance in Emerging Economies

Detailed information including agenda, logistics and visa are all included in the registration link. There is no conference fee for the Program. Participants are expected to cover their own international travel and local lodging. Any question can be directed to Ms. Wei Yuan, SBN Secretariat, email:

Draft Agenda [PDF] | Administrative Circular [PDF] | Frequently Asked Questions [PDF]

Item posted: August 29, 2018


Pakistan Released Green Banking Guidelines on October 9, 2017

The State Bank of Pakistan has taken a phased approach whereby the Guidelines will be complimented by relevant tools and additions subsequently. The first phase (12 months) require banks to formulate policies and procedures and have proper capacity building initiatives in the bank as per the requirements. Currently the Guideline covers Environmental and Social Risk in lending, financing green projects and reducing the banks’ carbon footprint. The mandatory Guidelines are intended to level the playing field in E&S risk management and stimulate green financing. More »

Item posted: October 16, 2017


The Dominican Republic Joins SBN

The Commercial Banks Association (ABA) of the Dominican Republic joined SBN in September 2017. The president of the ABA is also currently presiding over the Federation of Latin American Banking Associations (FELABAN), which has a strong mandate to support sustainable finance in the region. The Dominican Republic has an opportunity to take leadership and move the Dominican Republic and the region further on the path of sustainability, learning from peers, including active SBN members in Latin America.

Item posted: October 5, 2017


Georgia Joins SBN

The National Bank of Georgia (NBG) officially joined SBN in September 2017. Georgia is already making progress in policy development on climate and its green growth agenda. The government of Georgia has been developing a Low Emission Development Strategy (LEDS), National Energy Efficiency Action Plan, and Nationally Appropriate Mitigation Actions. The government also plans to develop a Green Economy Strategy and a national-level renewable energy action plan. As an SBN member, the National Bank of Georgia intends to support the development of national sustainable finance regulation and has committed to advancing sustainable finance within a two-year timeframe in Georgia.

Item posted: September 20, 2017


Fiji Joins SBN

Fiji: The Reserve Bank of Fiji (RBF) officially joined SBN on May 31, 2017. The RBF has elevated sustainable finance as a priority policy area. A major focus in their green and climate finance agenda is making financial resources available to support the implementation of Fiji's Green Growth Framework. Fiji is hosting the Presidency of the COP23, the 23rd Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC). The RBF plans to launch a sustainable finance roadmap at the COP23 meeting this year.

Item posted: May 9, 2017


The Brazilian Federation of Banks (FEBRABAN) Joins SBN

The Brazilian Federation of Banks joined SBN in February 2017. FEBRABAN has shown its commitment to sustainable finance and green products. In October 2016, the Brazilian Federation of Banks (FEBRABAN) and the Brazilian Business Council for Sustainable Development (CEBDS) launched the “Guidelines for Issuing Green Bonds in Brazil”. The document provides recommendations to participants of the Brazilian fixed income securities market on the process of issuing Green Bonds and intends to contribute to the development of this market in the country.

Item posted: March 7, 2017


SBN Starts Measurement Framework Research and Development Project

At the 4th SBN Annual Meeting in Bali, 1-2 December 2016, members called for enhanced technical support, knowledge products, training, and tools to assist members in designing and implementing national initiatives and guidance on sustainable banking, starting with the member-led Measurement Working Group. Participants welcomed the Measurement Working Group to allow pooling of practical experiences and learnings from SBN members that have launched sustainable finance frameworks, capture key sets of technical elements to support the effective policies and voluntary principles design at country-level.

IFC is now seeking a consulting firm to support the SBN Secretariat to review practical examples of SBN members and relevant international good practices for common elements for a sound sustainable finance frameworks, develop a core set of indicators based on review findings and produce a summary report to support SBN members in designing effective and fit-for-purpose sustainable finance frameworks.

The Request for Expression of Interest has been published on Business Opportunities page at (selection number 1236953). Expression of Interest (EOI) can be submitted online. Deadline for submission is March 8, 2017 (11:59:59 PM Eastern Time – Washington D.C.)

Item posted: February 24, 2017


Panama joins Sustainable Banking Network (SBN)

Panama Banking Association (ABP as per its acronym in Spanish), founded in 1962, includes 91 local and international banking institutions, with international institutions representing circa 80% of the banking sector assets. The ABP has recently created a sustainability commission, which is led by Colombian bank subsidiary Banistmo and Banco General of Panama. One of the main objectives of the committee after joining SBN is to develop and launch a sustainable banking protocol to promote three pillars: environmental and social risk management, green financial products and services and eco-efficiency.

Item posted: January 26, 2017


Egypt joins Sustainable Banking Network (SBN)

Egypt: The Federation of Egyptian Banks (FEB) joined SBN in November 2016. Representing 38 member banks, FEB is affiliated with the Central Bank of Egypt. The chair of the FEB Sustainability Committee represented Egypt in the Green Finance Study Group at the G20. The Sustainability Committee plans to expand the discussion and development of sustainable finance in Egypt and the MENA region.

Item posted: December 18, 2016


Sri Lanka Joins Sustainable Banking Network (SBN)

Sri Lanka: The Central Bank of Sri Lanka (CBSL) is responsible for securing its core objectives of economic and price stability and financial system stability with a view to encouraging and promoting the development of the productive resources of Sri Lanka. The CBSL is also responsible for currency issue and management. In addition, the CBSL is the advisor on economic affairs as well as the banker to the Government of Sri Lanka (GOSL). CBSL will attend the SBN annual meeting in December and plans to organize a “Sustainable Finance Workshop” in partnership with IFC in January 2017.

Item posted: November 28, 2016


2016 International Sustainable Finance Forum – December 1 & 2 – Bali, Indonesia

Otoritas Jasa Keuangan (OJK), the Indonesia Financial Services Authority, will co-host the 4th Annual SBN meeting with IFC in Bali in December. OJK is a founding member of SBN and has pioneered an integrated approach to sustainable finance, including banks, capital markets, insurance, leasing, and pension funds.

Inspired by these efforts, the 2016 Forum takes the theme "Market Innovation for Sustainable Finance." It will feature speakers and participants from over 40 countries, who are at the forefront of sustainable finance innovation at a market level, including policy makers, central banks, industry associations, and international organizations.

Working Agenda [PDF] | SBN Introductory Video [VIDEO]

For more information, contact Ms. Rong Zhang,

Item posted: November 28, 2016


Chile, Ghana and Mexico join the Sustainable Banking Network (SBN)

Chile: The Superintendence of Banks and Financial Institutions (SBIF) joined SBN in October. SBIF is a public institution responsible for regulating and overseeing financial institutions that operate in the country, including 23 banks. As part of SBIF’s commitment to sustainability, it will host its second Research Conference on Banking Development, Stability and Sustainability in Santiago de Chile.

Ghana: Ghana Association of Bankers (GAB) is the newest member of SBN. Representing 32 member banks, GAB is collaborating with Bank of Ghana (BoG), also an SBN member, to develop and implement national sustainable banking principles. This sets another example of co-existence of policy innovation and market leadership to green the financial sector.

Mexico: The Secretariat of Environment and Natural Resources (SEMARNAT) of Mexico joined SBN in October. SEMARNAT is the government entity in charge of sustainability policies in Mexico, utilizing legal, economic and social instruments to pursue the protection and conservation of the environment and natural resources. It groups a number of institutions, including the National Institute of Ecology and Climate Change (INECC) and the National Commission for Protected Areas (CONANP). Working together with the private sector and the banking sector, SEMARNAT participated in the working group “Green Growth (low carbon)” at the Business Advisory Council for Economic Growth in Mexico (CCECEM) and supported the Sustainability Protocol launched by the Mexican Bankers Association (ABM), another SBN member, in April this year.

Item posted: October 27, 2016


WBG President Jim Yong Kim highlights SBN as a key global green finance initiative at WBG-IMF Annual Meetings 2016 Climate Ministerial. Read the full remarks here.

Item posted: October 19, 2016


The Banking Associations of Argentina and Ecuador became the newest members of the Sustainable Banking Network (SBN)

Argentina: The Banking Association of Argentina, Adeba, with its 28 member banks has recently joined SBN by council approval in September. Adeba will be hosting the Annual Convention of the Latin American Federation of Banks (Felaban) in November for the first time and is committed to implementing good international practices in the banking sector. Adeba and SBN will soon begin defining an action plan for more sustainable banking in Argentina.

Ecuador: The Banking Association of Ecuador, Asobancos, comprising 14 member banks, joined SBN on September 19th. A formal launch of the membership will take place during Asobancos’ annual assembly on October 27th, with the participation of IFC. As part of Asobancos’ commitment to sustainability in the banking sector, it will soon lead an awareness raising event for banks to understand the importance of topics such as environmental and social risk management systems, green products and eco-efficiency, amongst others. The first session will be held just after the assembly on 28th October with SBN and IFC support.

Item posted: October 11, 2016


The Banking Association South Africa (BASA) became the newest member of the Sustainable Banking Network (SBN) in the run-up to the G20 Summit. A key G20 and BRICS member, South Africa is advancing in sustainable finance on a number of front. Read more »

Item posted: September 23, 2016


Cambodian Sustainable Finance Initiative Launched by SBN Member Association of Banks of Cambodia. Read the Press Release here.

Item posted: September 19, 2016


UNEP Inquiry Releases New Report: "Financing Sustainable Development: Moving from Momentum to Transformation in a Time of Turmoil”

On the eve of Climate Week, UNEP Inquiry has published a short report about how policymakers can accelerate the availability of financial flows to fund sustainable development. Financing Sustainable Development: Moving from Momentum to Transformation in a Time of Turmoil cites an ever-increasing number of efforts to shift the trillions, but warns financial market innovation must accelerate to address major gaps in SDG funding. The report references SBN as an example of growing cooperation within the financial sector around the world “to better align the financial system with sustainable development.” Download the report.

Item posted: September 16, 2016


Network Update from Morgan Landy, Director of Environment, Social and Governance, IFC: SBN Knowledge Platform Welcomed by G20 Leaders

September 2016 – Dear SBN Members and Friends, I am very pleased to announce that G20 leaders have raised Green and Sustainable Finance to a new level of global priority. For the first time ever, G20 leaders referenced the importance of green finance in the G20 Summit Communiqué. This is thanks to pioneering work by the G20 Green Finance Study Group, led by the People’s Bank of China and the Bank of England, under China’s presidency of the G20 2016, with input from SBN. Read more »

Item posted: September 15, 2016


SBN in the News - Media Coverage

Item posted: September 9, 2016


G20 calls on IFC-supported Sustainable Banking Network to ‘green’ trillions in global finance

September 5, 2016 – at the G20 Summit in Hangzhou, China, global leaders endorsed a set of recommendations to boost green finance and called on the IFC-supported Sustainable Banking Network (SBN) and other partners to help lead implementation. This marks the recognition of the central role the financial sector plays in reducing climate change and advancing environmentally sustainable growth. Read more »

Item posted: September 6, 2016


Sustainable Banking Network Newsletter, Issue No. 3, July 2016

Welcome to our latest newsletter on developments in the Sustainable Banking Network, the only global, member-driven, knowledge and capacity building network on sustainable finance for financial sector regulators and banking associations from emerging markets. Read more »

Item posted: September 2, 2016


In partnership with SBN and IFC, UNEP FI starts a research & capacity building program on addressing environmental & social drivers of systematic risk in the financial system

The program will consist of research, outreach and capacity building, with an objective to clarify the relevance of E&S factors at the transaction and portfolio level to broader, systemic risk and, as a result, how banks and supervisors/regulators might most effectively enhance the safety and soundness of the financial system (and reduce systemic risk) based on a holistic appreciation of financial and non-financial considerations in the contexts of banks' business decisions.

Independent consultants are sought to deliver the Program. Interested candidates should contract UNEP FI: please see details in the terms of reference (TOR).

Item posted: June 20, 2016


UNEP Inquiry Releases New Paper "Green Finance for Developing Countries" With the Support of SBN and IFC

UNEP Inquiry's paper "Green Finance for Developing Countries – Needs, Concerns and Innovations," was launched on the occasion of the United Nations Environment Assembly in Nairobi on 25th May, 2016. Undertaken in the context of the G20 Green Finance Study Group, the paper seeks to ensure that G20 members are aware of the specific circumstances of developing countries and associated needs. The paper reflects the SBN's collective experience and has received input from SBN members.

Item posted: June 20, 2016