Established in 2012, the IFC-facilitated Sustainable Banking and Finance Network (SBFN) (https://www.sbfnetwork.org/), supports members that are banking regulators and banking associations from 39 countries and representing $43 trillion (more than 85%) of the banking assets in emerging markets. SBN members are committed to creating national frameworks that support the advancement of innovative forms of green and sustainability-focused finance.
In emerging markets, a growing number of SBN member countries are issuing either lists of eligible sectors and projects or more comprehensive taxonomies that include technical criteria and monitoring guidance. For example, China issued its first Green Bond Taxonomies in 2015 and went on to contribute to approximately 30% of global green bond issuance in 2016.
The most recent country to adopt a national green taxonomy is Mongolia, which has been an active member of SBN since 2012. In December 2019, Mongolia completed an extensive consultation to develop a national taxonomy based on the China experience and other international good practices.
In this webinar, presenters share latest development insights from key global initiatives, and discuss the Mongolia experience in designing a national taxonomy based on international good practice.
About the Presenters:
Sean Kidney
CEO of the Climate Bonds Initiative (CBI)
Nomindari Enkhtur
Advisor to the Mongolian Sustainable Finance Initiative (MSFA)
Oyungerel Munkhbat
Project and Partnership Manager Mongolian Sustainable Finance Association (MSFA)
Louise Gardiner
Africa and Green Bonds Coordinator, Sustainable Banking Network (SBN), IFC.
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