Sustainable Banking and Finance Network (SBFN)

The Sustainable Banking and Finance Network (SBFN) — formerly the Sustainable Banking Network — is a community of financial sector regulators, central banks, ministries of finance, ministries of environment, and industry associations from emerging markets committed to advancing sustainable finance for national development priorities, financial market deepening, and stability. As of September 2024, SBFN is comprised of 96 institutions representing 72 countries and US$68 trillion (92 percent) of the total banking assets in emerging markets. SBFN members are committed to moving their financial sectors towards sustainability, with the twin goals of (i) improved risk management of factors by financial institutions (FIs) — including management and disclosure of climate risks, and (ii) increased capital flows to activities with positive environmental and social impact, including climate change mitigation and adaptation. IFC is SBFN’s Secretariat and knowledge partner, assisting members to share knowledge and access capacity building to support the design and implementation of national sustainable finance initiatives. The Sustainable Banking and Finance Network is supported by the Facility for Investment Climate Advisory Services (FIAS). FIAS supports World Bank Group projects that foster open, productive, and competitive markets and unlock sustainable private investment in business sectors that contribute to growth and poverty reduction. Supported by nearly 20 Development Partner countries and donor institution, co-financed by the Bank Group, and managed and implemented by IFC, FIAS is one of the oldest and largest multi-donor trust funds in the World Bank Group.