The Central Bank of the Republic of Azerbaijan, in partnership with the International Finance Corporation (IFC) through its Sustainable Banking and Finance Network (SBFN), the International Platform on Sustainable Finance (IPSF), and the United Nations Development Programme (UNDP), has launched the “Roadmap for Advancing Interoperability and Comparability of Sustainable Finance Taxonomies.” The Roadmap was officially unveiled during COP29’s Finance, Investment, and Trade Day at a high level event titled “Advancing Sustainable Finance across the Globe: Roadmap towards Interoperability and Comparability of Sustainable Finance Taxonomies.”  

On World Environment Day, the International Finance Corporation (IFC) in the Philippines kicked off its 2nd Climate Forum, a pivotal event dedicated to fostering discussions and actions towards the net-zero transition for Micro, Small and Medium Enterprises (MSMEs). Held from June 5 to June 7, 2024, the forum convened key stakeholders including the Bangko Sentral ng Pilipinas (BSP), an SBFN member since 2013, Securities and Exchange Commission Philippines, Hong Kong Monetary Authority, and significant private sector partners such as The Alliance for Green Commercial Banks, Bank of the Philippine Islands, RCBC, GCash, and Maya.

In a concerted effort to embrace Environmental, Social, and Governance (ESG) principles and Sustainable Finance practices, Banking Associations (BAs) across the Western Balkans gathered for a Training of Trainers (ToT) event on April 26, 2024. Organized by IFC's Integrated ESG Program in collaboration with the Sustainable Banking and Finance Network (SBFN) and Sustineri Partners, the event unfolded under the auspices of the ESG Adria Summit

Makhtar Diop, IFC's Managing Director, has called for global alignment of sustainable finance taxonomies to direct capital to urgent common goals, such as addressing climate change. He explains that, while each country has its own needs and priorities, policymakers and regulators can identify common design features, align impact metrics and accounting standards, and embrace an “adopt or adapt” approach — borrowing templates or criteria from others and adjusting as needed.

The metrics were released Tuesday by the World Economic Forum in conjunction with the fourth annual Sustainable Development Impact Summit

The MSCI SDG Alignment Tool is designed to provide investors with a complete view of a company’s net contribution towards addressing each of the 17 UN SDGs