Sustainable Banking and Finance Network (SBFN)’s Post

The SBFN 8th Global Meeting wrapped up last week after two days of insightful discussions and collaboration. Co-hosted by IFC - International Finance Corporation, Banco Central do Brasil and FEBRABAN, the event gathered over 40 speakers and participants from 60 countries in Rio de Janeiro, marking a significant milestone for Emerging Markets and Developing Economies (EMDEs) in the global dialogue on sustainable finance. Held alongside the G20 Sustainable Finance Working Group (SFWG) meeting, the event underscored the critical role of EMDEs in driving the global transition to a resilient, low-carbon economy and served as a platform to announce key initiatives aimed at advancing sustainable finance: ✅ 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐜𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧 𝐢𝐧 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐈𝐒𝐒𝐁 to transform sustainability reporting in EMDEs. The plan focuses on improving the quality, reliability, and comparability of data across 72 SBFN member countries. ✅ 𝐓𝐚𝐱𝐨𝐧𝐨𝐦𝐲 𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐈𝐧𝐭𝐞𝐫𝐨𝐩𝐞𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐑𝐨𝐚𝐝𝐦𝐚𝐩 𝐢𝐧 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 Central Bank of the Republic of Azerbaijan (CBAR). Set to be launched during COP29 in Baku, this initiative will enable cross-border capital flows and ensure that investments are in sync with global goals and national priorities. ✅ 𝐖𝐡𝐢𝐭𝐞 𝐏𝐚𝐩𝐞𝐫 𝐨𝐧 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 (𝐈𝐒𝐅): The draft paper, to be publicly released later this year, emphasizes the importance of integrating financial inclusion objectives with sustainable finance measures, focusing on providing access to finance for low-income households, small businesses, and vulnerable communities. The discussions during the meeting underscored the urgency of the work ahead, particularly in building capacity and aligning standards to support resilient and inclusive growth across EMDEs. 📢 Learn more here: https://lnkd.in/eDH5E2QR #SustainableFinance #EmergingMarkets #InclusiveFinance #SBFN #IFC #ISSB #SFWG #COP29 #Taxonomy #ESG

Many thanks to the Central Bank of Brazil and the IFC team for organizing this event, which has become a platform for sharing experiences on sustainable development of financial markets. IFC plays an important role in promoting ESG principles around the world. Thanks to the IFC Advisory Program in Central Asia and Turkiye, Kazakhstan has made a significant step in enhancing the role of financial institutions in the transition to a green economy. Since 2021 Kazakhstan moved up two sub-stages of the SBFN Pillar 3 and became one of the developing countries in implementing sustainable finance.

Grateful to the Islamic Development Bank (IsDB) for the invitation to share insights from our recent work at KAPSARC. Briefly: - Global financial flows remain misaligned with #ParisAgreement ambitions, favoring developed nations. - Developing countries face structural barriers that require sustained focus, with emerging economies showing more practical opportunities. - Low-income nations urgently need increased concessional or grant-based financial support. => Action on #NCQG for #ClimateFinance is critical: https://unfccc.int/NCQG For further reading, you may check out this earlier post: https://lnkd.in/du3VNWCJ #COP29 #climatechange #UNFCCC

🌍 As an active member of the Sustainable Banking and Finance Network (SBFN), Central bank of Montenegro is excited to share the release of the e 𝘙𝘰𝘢𝘥𝘮𝘢𝘱 𝘧𝘰𝘳 𝘈𝘥𝘷𝘢𝘯𝘤𝘪𝘯𝘨 𝘐𝘯𝘵𝘦𝘳𝘰𝘱𝘦𝘳𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘊𝘰𝘮𝘱𝘢𝘳𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘰𝘧 𝘚𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘛𝘢𝘹𝘰𝘯𝘰𝘮𝘪𝘦𝘴, officially launched on November 14th at #COP29 in Baku. This is a critical initiative aimed at aligning approaches to sustainable finance taxonomies across emerging markets and developing economies. This Roadmap was developed by the IFC - International Finance Corporation-led #SBFN in partnership with the Central Bank of the Republic of Azerbaijan as part of the country’s leadership for #COP29, the United Nations Development Programme (UNDP) and the International Platform on Sustainable Finance (IPSF).   The Roadmap outlines three key priorities:   ➡️𝗗𝗲𝗳𝗶𝗻𝗶𝗻𝗴 𝗖𝗼𝗿𝗲 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀: Identifying essential sectors and activities for Emerging Markets and Developing Economies (EMDEs) with a shared classification system. ➡️𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗲𝘀 𝗳𝗼𝗿 𝗖𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗔𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁:  Creating standardized alignment approaches for taxonomy principles, including environmental, social, and governance (ESG) guidelines. ➡️𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲: Setting guidelines for transition activities that enable decarbonization and sustainability in high-emission sectors.   At #CBCG we are proud to contribute to the collective efforts to the advancement of interoperability and comparability of sustainable finance taxonomies. Continuously improving its policies and regulatory framework, the #CBCG promotes sustainable development and a responsible attitude towards the environment while supporting financial sector in the #ESG principles integration.   The #CBCG coordinates the Working Group for the development of the Road Map of the financial sector towards sustainable finances, which consists of Government bodies, regulators, the Association of Montenegrin banks, the University of Montenegro, representatives of the economy and others.   The CBCG also pursue its mission by organizing and participating in workshops and scientific events, by stimulating scientific thought through a prize fund on the green finance topic, creating professional studies and concrete activities aimed at strengthening environmental awareness.   ✅ Read the full text of the Roadmap https://lnkd.in/d4a8Be7z ✅ Learn more about our sustainable finance initiatives https://lnkd.in/dGmaAd46   Together, we can drive the transformation of sustainable finance! 🌎 #SustainableFinance #SBFN #COP29

Watch the replay of IFC - International Finance Corporation’s webinar on the European Union’s Carbon Border Adjustment Mechanism (CBAM) and what this is going to mean for manufacturing in emerging markets. My fellow speakers and I explored CBAM’s impact on businesses, how they can adapt, and what The World Bank Group is doing to help companies and countries meet their decarbonization targets.  Watch here! ➡️ https://lnkd.in/deXMBzAJ #IFCManufacturing #GreeningthePlanet    Tim Figures | Jamie Fergusson | Mona Haddad |Femi Oke | Femi Akinrebiyo | IFC Manufacturing | IFC Climate & Sustainability

Excited to share this note from Mohamed Gouled, VP of Industries at IFC - International Finance Corporation! ☘ 🌿 🍃 - It was an honor to participate in today’s panel at #COP29 on unlocking institutional capital for the climate transition in #emergingmarkets. WATCH: 📺 https://lnkd.in/dmDaAban   The scale of investment needed is immense: $4 trillion annually to meet the #SDGs by 2030.   Global efforts have not kept pace, so we must find new investment sources. Institutional investors, managing hundreds of trillions in assets, can help bridge this vast gap.   Development finance institutions like IFC - International Finance Corporation play a pivotal role in this effort, helping investors identify attractive investment opportunities in emerging markets.   Through innovative tools like #blendedfinance and co-investment platforms, we’re enabling private sector participation in vital sectors such as ☀ #cleanenergy☀, 🌊 #bluefinance🌊, decarbonization, and fintech.   We must continue this important conversation. By reducing barriers to investment, we can encourage more institutional investors to realize the vast benefits of investing in a sustainable future. Bhattiprolu "Bhatti" Murti Tomoko Suzuki Thanks to event host ILX and CEO Manfred Schepers + Associate Sustainability Officer Victoria Walker Dominguez #Benelux #Baku #MDBs #climatechange #SustainableIndustry #Developmentfinance #emergingmarkets #PensionFunds #InstitutionalFinance

LIVE NOW: Zakiah Mat Esa, Chief Sustainability Officer, SME Bank Malaysia shares her insights at the webinar on "Decoding Climate-Tech Solutions for Financial Institutions in Emerging Markets." Join now: https://lnkd.in/dy5FkPws  London Climate Action Week | Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) | Association of Development Finance Institutions of Malaysia (ADFIM) | auctusESG | Coalition for Disaster Resilient Infrastructure #LondonClimateActionWeek #ClimateFinance #ClimateTechSolutions #ClimateActionNow #SustainableFinance #WebinarAlert

As the first company to pilot the Sustainable Development Impact Disclosure (SDID) under the Impact Disclosure Guidance framework, we have the responsibility of ensuring actionable change. I joined Alexandra Barry, Vice President of the J.P. Morgan Development Finance Institution and co-chair of the Impact Disclosure Taskforce in a roundtable discussion at London Climate Action Week. We spoke to investors to understand their views on the Impact Disclosure Guidance. The initiative aims to enhance impact measuring and monitoring, attracting sustainable capital to support emerging markets and developing economies. It requires substantial annual investments, and at DP World, we are committed to being a catalyst for equitable change. We recognise the critical need to accelerate and diversify funding into emerging markets. That is why we are working towards promoting transparency and accountability across all SDGs. This innovative framework allows us to demonstrate our year-on-year development and showcase how our strategies align with national agendas. From optimising supply chain efficiency in India to creating employment opportunities in Somaliland and boosting GDP in Senegal, our efforts are creating tangible, positive impacts. Our journey continues as we finalise frameworks for our operations in Africa and South America, ensuring impactful investments in the Global South. At DP World, we view emerging markets as growth markets. Our adoption of the SDID framework not only measures our impact but also aims also aims to scale up private-sector financing. This journey has just begun, and I look forward to inspiring others to join us in taking impactful actions for a sustainable future. #LCAW2024

Global Environment Facility announced $20 million investment in #climateadaptation innovators At COP29 Azerbaijan, the #GEF has announced the latest winners of its Challenge Program for Adaptation Innovation. From initiatives to enhance the adaptive capacity of women entrepreneurs in the agricultural sector through financial inclusion, to scaling up traditional fire management techniques for resilient ecosystems services through carbon credit generation, crowdfunding climate-smart loans, developing a virtual green bank for adaptation, and kickstarting international markets for resilience-building bonds, the 13 award-winning projects all aim to test and scale up vital financial innovations. UNIDO will partner with four winning projects: ✅ ISO - International Organization for Standardization on "Leveraging standards to deliver on climate adaptation commitments in developing countries"; ✅ @African Enterprise Challenge African Enterprise Challenge Fund (AECF) Victoria Chelangat Sabula on "Women Adapt: Catalyzing women-led Climate- Smart Investments through Climate Adaptation Technologies and climate resilience Services in #BurkinaFaso, #Benin, and #Nigeria"; ✅ World Council of Credit Unions (WOCCU) on "Mainstreaming climate risk management and adaptation finance for the most vulnerable in West Africa"; ✅ Climate Bonds Initiative on "Adaptation and Resilience Bonds Accelerator (ARBA): Taxonomy-Driven Platforms for Scalable Resilience Funding".  For more information, please visit here: https://lnkd.in/dhHgJNby Jason Spensley | Alois Posekufa MHLANGA | SunYoung Suh | Cecilia Canali | Sungho Kang | Rashmi Jawahar Ganesh | Anais Barisani | Chengxiu Li | Najlae Boumia | Caterina Bianco | Colin Brouard |

Did you know that every dollar invested in climate adaptation can yield up to $7 in benefits? The world is changing fast, and so must we. At #COP29 in Azerbaijan, the #GEF made a bold $20M investment in 13 groundbreaking projects that are redefining climate resilience and adaptation innovation. From women entrepreneurs driving climate-smart agriculture to the creation of resilience-building bonds, these projects are proof that innovation isn’t just about technology—it’s about people, communities, and bold ideas that challenge the status quo. It is good that #UNIDO will partner on four of these transformative journeys. Together, we’ll support the scaling up of women-led climate solutions across #BurkinaFaso, #Benin, and #Nigeria, build adaptation standards that truly work for developing countries, and unlock new financial tools to fund the future of resilience. Here’s to challenging boundaries, embracing creativity, and driving the kind of innovation the world urgently needs. 🌍 Let’s make this decade count! #ClimateAdaptation #ImpactInnovation