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Of the SBN members, six have established Sustainable Finance guidance, including Bangladesh, Brazil, China, Colombia, Indonesia, and Nigeria. Mongolia, Peru and Vietnam are in the process of developing such guidance. More detailed information about the existing guidance can be accessed below.

Bangladesh: Environmental Risk Management Guidelines were developed in 2011 by Bangladesh Bank, in collaboration with local banks and other stakeholders. They are mandatory for banks and financial organizations.

Brazil: Green Protocols for Public Banks/Private Banks are sets of voluntary guidelines developed by the Brazilian banking association Febraban along with public banks and the Ministry of the Environment. The Protocol for public banks was issued in 2008 and was followed by the Protocol for private banks in 2009.

Central Bank regulations from 2008 to 2011 on the Amazon Biome, sugar cane investments, slave labor, and internal capital adequacy assessment process (ICAAP) are also pushing regulators to make the financial sector more sustainable.

Brazil Central Bank Regulation:

China: China Green Credit Policy, introduced in 2007, laid the foundation for sustainable banking in China. To provide more guidance on the implementation, the China Banking Regulatory Commission issued the Green Credit Guidelines in 2012.

Colombia: Colombian Green Protocol is a set of voluntary guidelines developed by the Colombian banking association Asobancaria and adopted in 2012 by major commercial banks in Colombia. The Protocol provides a voluntary framework for sustainable finance.

Indonesia: On December 5th 2014, OJK, the Indonesia Financial Services Authority, unveiled its medium and long term plan for promoting sustainable finance. The Roadmap for Sustainable Finance in Indonesia 2015-2019 sets forth the detailed work plan for banking, capital market, and non-banking sectors.  The end goal of sustainable finance program in Indonesia is to improve the financial service institutions resilience and competitiveness.  The improvement could enable them to grow and develop in a sustainable manner, and to contribute to the national commitment in addressing the global warming challenge by carrying out climate change mitigation and adaptation in business activities towards a competitive low carbon economy.

Mongolia: On December 16, 2014, the Mongolian Bankers Association (MBA) announced the launch of the Mongolian Sustainable Finance Principles and Sector Guidelines.  These provide a framework to help local banks integrate environmental and social considerations into lending decisions and product design. The Sector Guidelines cover mining, agriculture, construction, and manufacturing. The development and launch are a result of joint effort and consensus building among Mongolian banking industry, led by MBA, with support from the Ministry of Environment, Green Development and Tourism, the Bank of Mongolia, IFC and FMO. The Principles and Sector Guidelines will take effect in January 2015.

Nigeria: The Nigerian Sustainable Banking Principles were launched by the Nigerian Banker’s Committee in July 2012. Thirty four financial institutions committed to their implementation. With the Central Bank of Nigeria’s decision to supervise the implementation of the Principles, the adoption of the Principles has become quasi-mandatory.


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