About Sustainable Banking Network
Membership Process and Commitment
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The Sustainable Banking Network (SBN) is open to all banking and/or financial regulatory bodies and banking associations that have an interest in policies, guidelines and related initiatives to support the financial sector to adopt environmental and social risk management and green lending. Core members are banking regulatory bodies. The SBN welcomes regulators, officials, and specialists to join at any time and encourages them to share experiences, learn from others, and to benefit from Network activities.
PROCEDURE TO BE A MEMBER
Financial regulators and banking associations from the emerging markets apply for joining SBN in compliance with the following procedure:
● The submission of an official request from the Governor or Head of institution for membership application to the SBN Chair, copy the Secretariat. This request describes the motivations for joining the SBN and the commitment to meet the membership requirements mentioned below.
● The Secretariat reviews the application. Once approved, the SBN Chair will send a confirmation letter to the Governor or Head of institution who will be asked to appoint a representative(s) as the focal point and in the relevant working groups.
Commitment to policy or market-based actions to advance sustainable finance. While SBN membership does not constitute any legal or financial obligation to undertake regulatory actions, members are expected to demonstrate progress in advancing sustainable finance policy enabling environment within a two-year timeframe. This could start with awareness raising, stakeholder engagement and consultation, and capacity building.
Members commit to participate in and contribute to the measurement research for the biennial Global and Country Progress Reports, aiming to track the collective progress of members and share experience. Please reference the 2nd Global and Country Progress Reports.
Commitment to peer-to-peer knowledge sharing and learning:
● Raise market awareness about sustainable finance in their country and region;
● Actively share their experiences, lessons, and successes within the Network;
● Active participate in thematic working groups;
● Contribute to the development of SBN technical resources to members.
Currently, the membership is free and does not constitute any financial obligation. The Sustainable Banking Network is currently funded by IFC and the international donor community.
TYPE OF FINANCIAL COST FROM SBN MEMBERS
● Active participation of Sustainable Banking Network activities such as SBN Global Meetings hosted by SBN Secretariat in Washington DC every 2-year and regional knowledge sharing events. The members will bear their own travel cost;
● If SBN member requires technical assistance to develop a regulatory or voluntary framework and build capacity, the member institution will discuss cost and responsibilities with SBN Secretariat, IFC local office and relevant supporting institutions.
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