1
Michael J. Kane
March 18, 2015
Sustainable Banking Global Survey:
Organizationswith Sustainable Banking Programs and Resources[1]
Table of Contents
Introduction
International Organizations
Global Banking Networks
Global Reporting Networks
Global Networks on Climate Due Diligence
Global Banking Due Diligence
Global Banking Service Providers
Networks for Banking Research and Advocacy
Regional Banking Organizations
Regional and Global Central Banking Organizations
National Central Banking and other GovernmentOrganizations
National Sustainable Banking Programs and Associations
National Parliamentary Organizations
Bond Markets
Bond Markets at Stock Exchanges
Bond Indexes
National and Regional Banking Associations
Global and Regional Finance and Banking Associations
Multilateral Banking Organizations
Investor Initiatives Promoting ESG Performance
Investor Networks
Awards
Research Providers
Research and Training
Global Bank Ratings
Sovereign Debt Ratings
National Bank Ratings
Banking Partnerships
Professional Organizations
Professional Service Providers
Academic Institutions
Publications
Key International Organizations and Programs for Future Partnerships
Sustainable Banking Resources and Conferences
* * * * * * *
Introduction
The purpose of this survey is to provide examples of environmental, social and governance (ESG) policies and programs promoted by banking organizations, banking programs of national governments, banking programs of international organizations, banking programs of institutional investors, and related organizations worldwide.
International Organizations
UNEP Finance Initiative
Geneva
-UNEP report: Aligning the Financial System with Sustainable Development (January 2015)
-CISL, UNEP FI report: Stability and Sustainability in Banking Reform: Are Environmental Risks Missing in Basel III? (October 2014)
-Online Training: Climate Change: Risks and Opportunities for the Finance Sector (since 2007; 2013)
-
-UNEP FI Climate Change Working Group
report: Energy Efficiency and the Finance Sector (January 2009)
-UNEP FI training program for equity and debt markets (since 2005)
-UNEP FI launches Environmental Risk in Sovereign Credit program (November 2012)
-
-report: UNEP FI Guide to Sustainable Banking (October 2011)
Online Guide to Banking Sustainability (November 2013)
-Natural Capital Declaration:
-UNEP Finance Initiative, Global Canopy Programme and Center for Sustainable Studies (Brazil) invite financial institutions to sign Natural Capital Declaration (October 2011)
-
-report: UNEP FI Banking on Value: A New Approach to Credit Risk in Africa (2007)
pdf:
-UNEP FI and Germany’s VfU: activities, roundtables, other collaboration since 2005
-
UNEP Finance Initiative Banking Commission
Geneva
-
-
Basel Agency for Sustainable Energy
UNEP Collaborating Centre
Basel
UN Global Compact
New York
- report: Future Proof? Embedding environmental, social and governance issues in investment markets (January 2009)
-
report: Towards a New Era of Sustainability in the Banking Industry (May 2011)
-
-
Turkey:UN Global Compact and Local Network Turkey
Sustainable Banking Programme
Amsterdam; March 2013
Principles for Responsible Investment
London, Geneva
International Finance Corporation
Washington, DC
- PerformanceStandards
- IFC’s Global Corporate Governance Forum
- Washington, DC
-
report: Governing Banks; November 2010
-
-report: Strengthening Risk Governance in Banks; June 2011
-
-report: Corporate Governance for Banks in Southeast Europe (January 2012)
-
-
-report: Guidance for the Directors of Banks (September 2013)
-
-IFC’s Global Trade Finance Program
-
-IFC’s Latin American Network of Corporate Governance Institutes
-
-IFC, China launch Forum to Support Sustainable Banking in Emerging Markets (May 2012)
-IFC launches Sustainable Banking Network for Regulators to Share Green Credit Expertise (December 2012)
-IFC Sustainable Banking Network: FIRST for Sustainability
-
UN Secretary-General’s High-Level Advisory Group on Climate Change Financing
New York
-
International Monetary Fund
Washington, DC
IMF staff note on carbon pricing (September 2014)
IMF report: Energy Subsidy Reform: Lessons and Implications (January 2013)
pdf:
Rio 2012, UN Conference on Sustainable Development
The IMF and Good Governance
IMF Work on Fiscal Policy and Climate Change
Staff Position Note Financing the Response to Climate Change(March 2010)
-
IMF report: Managing Natural Resource Wealth (November 2010)
IMF Natural Resource Trust Fund (December 2010)
The Greening of Markets, Paul Mills, Finance & Development (March 2008)
IMF Institute
IMF Cosgrove Prize for Ethics in Finance
Bank for International Settlements
Basel
-
invites comments on corporate governance for banks (October 2014)
BCBS Charter (January 2013)
Central Bank Governance Forum
Committee on the Global Financial System
Basel Committee on Banking Supervision releases final rules for bank capital disclosure (June 2012)
report: Enhancing Corporate Governance for Banking Organizations (February 2006)
- report: Principles for enhancing corporate governance (October 2010)
-
commentary:
-report: Principles for the Sound Management of Operational Risk (June 2011)
-
-central bank research
-
-Financial Stability Institute
-
-report: Core Principles for Effective Bank Supervision (September 2012)
-
-
-report series on property price statistics (program since 2009)
-
Financial Stability Board (BIS, IOSCO, IAIS)
Basel
Financial Stability Board’s Enhanced Disclosure Task Force (March-October 2012)
report: Enhancing the Risk Disclosures of Banks (October 2012)
background: FSB Transparency Initiatives; Gerald A Edwards, Jr. (May 2012)
Financial Stability Board releases Global Adherence to regulatory and supervisory standards on international cooperation and information exchange (November 2012)
Joint Forum with BIS, IOSCO, IAIS (since 1996)
Public Interest Oversight Board (since 2005)
European Banking Authority (since January 2011)
London
European Union
Brussels
-Regulatory Capital Program of the European Commission (proposed July 2011)
-
APEC: Asia Pacific Economic Cooperation Forum
Singapore
report: Workshop on Strengthening Corporate Governance Within Financial Institutions (2004)
OECD
Paris
OECD program on automatic exchange of tax information (since 2012)
MENA Task Force on Corporate Governance of Banks
Council of Europe
Strasbourg
ethical finance programs in Europe, listed by country
Global Banking Networks
Equator Principles Association (since 2003)
-
Equator Principles Implementation Note (July 2014)
Equator Principles III, May 2013
Biodiversity For Banks Program
Alliance for Financial Inclusion (since 2009)
Bangkok
central bank members:
Maya Declaration (2011):
Care International UK, Plan UK, Barclays
London
report: Banking on Change: Breaking the Barriers to Financial Inclusion (January 2013)
/
Global Alliance for Banking on Values
Zeist
The Netherlands
-
-
GABV’s Berlin Declaration 2013
report: Sustainable Banks Outperform World’s Big Banks (press release, February 2012)
report: Strong, Straightforward and Sustainable Banking; March 2012
report: Strong and Straightforward: The Business Case for Sustainable Banking (November 2012)
report: Real Economy – Real Returns: The Business Case for Sustainability Focused Banking (October 2014)
Global Banking Alliance for Women
Brooklyn, NY
Member Institutions
International Association of Social Finance Organizations
Brussels
-
Thun Group of Banks
2013 report:
Global Reporting Networks
Global Reporting Initiative: Financial Services Sector
Amsterdam
Climate Disclosure Project(Carbon Disclosure Project)
London
- banks, other investors:
The Climate Group
London
International Integrated Reporting Council
Global Networks on Climate Due Diligence
The Climate Principles
London, New York, other locations
-
The Carbon Principles
New York
-
International Chamber of Commerce
Paris
-ICC Commission on Climate Change and Energy
-
-report: ICC Public Policy Roadmap on Finance and Climate Change (November 2010)
-
Global Banking Due Diligence
Bankers Accuity
East Grinstead
United Kingdom
International Chamber of Commerce
Paris
-ICC Commission on Banking
-
WolfsbergGroup (11 global banks)
Switzerland
-Correspondent Banking Relationships:
-
-principles:Wolfsberg Trade Finance Principles; March 2011
Basel Institute on Governance
Basel
-Basel AML Index
-
Global Banking Service Providers
SWIFT: Society for Worldwide Financial Telecommunications
LaHulpe
Belgium
SWIFT Sanctions Screening
SWIFT Sanctions Initiative
SWIFT Sanctions; Iran
Central Bank (G-10) Oversight
SWIFT Corporate Rules
SWIFT Online Dialogue
ISO (International Organization for Standardization)
Geneva
Finance, Banking, Insurance
Networks for Banking Research and Advocacy
BankTrack
Nijmegen
The Netherlands
Blog
report: Banking with Principles? (December 2014)
-report: An Introduction to the Brazilian Banking Sector and its Sustainability Practices (December 2012)
report: China Development Bank’s overseas investments: An assessment of environmental and social policies and practices (July 2012)
report: third annual Coal Finance Report Card, April 2012
pdf:
report: Bankrolling Climate Change, December 2011
- report: Close the Gap; April 2010
-
-report: The Outside Job, Turning the Equator Principles towards people and planet, October 2011
Better Markets (promoting financial markets reform since 2010)
Washington, DC
Center for Financial Services Innovation
Chicago, New York, Washington, DC
Compass Principles:
Conservation Finance Network, based at Island Press (since 2013)
Washington, DC
Earthwatch Institute
program:Banking on Sustainability
Ecumenical Council for Corporate Responsibility
Oxford
report: The Banks and Society: Rebuilding Trust; February 2011
European Partners for the Environment
Brussels
report: Financing Objectives 2020: Mobilising Private Capital
Finance Watch
Brussels
bankers promoting separation of investment banking and retail services:
-
Friends of the Earth Europe
Brussels
Sustainable Finance Program
Friends of the Earth, Utopies, InrateProvide Rankings for French Banks and Climate
-
- rankings:
FSB Watch (Financial Stability Board in Basel)
London, Washington
Global Witness
London
Global Witness Banking Program:
Green Economy Coalition
Banking program:
Green Watershed
China
report: Green Credit Footprint of Chinese Banks (2008-2012); November 2013
report: Environmental Record of Chinese Banks (April 2011)
International Institute for Sustainable Development
Winnipeg,Geneva
Sustainable Finance Program
report:IISD, UNEP Finance Initiative and The Blended Capital Group: Lenses and Clocks: Financial Stability and Systemic Risk (June 2012)
report: Basel III: To what extent will it promote sustainable development?
(June 2012)
New Economics Foundation
London
book: Where Does Money Come From?; a guide to the UK monetary and banking system
Preventable Surprises
United Kingdom
SOMO: Centre for Research on Multinational Corporations
Amsterdam
- report:Investing Responsibly: A Financial Puzzle (September 2010)
-
Rainforest Action Network
San Francisco, CA
-report: Bankrolling Climate Disruption (November 2012)
-
-Fourth annual report on banks and coal industry (May 2013)
commentary:
-Fifth annual report on banks and coal industry (April 2014)
Transforming Finance
Current Signatories for Charter for a New Financial System; launched May 2013
WWF
China for a Global Shift
report: Environmental Performance of Swiss banks (2012)
report: Environmental, Social and Governance Integration for Banks: A Guide to Starting Implementation (August 2014)
Regional Banking Organizations
Arab African International Bank
Cairo
-
- Equator Principles member:
AAIB background:
Central American Bank for Economic Integration
Ecobanking Project
Bogota
European Investment Bank
European Union
Luxembourg
Partnership with EIRIS for research (June 2014)
Corporate Responsibility
Climate Action
Climate Awareness Bonds
Sub-Saharan Banking Roundtable with Central Banks (January 2013)
Regional and Global Central Banking Organizations
Centre for Central Banking Studies (global)
Bank of England
London
Center for Latin American Monetary Studies
Mexico City
South East Asian Central Banks Research and Training Centre
Kuala Lumpur
Greener Central Banks: Exploring Possibilities; C.S. Vincent Lim; August 2010
National Central Banking and other Government Organizations
Central Banks Investing in Green Bonds
Climate Bonds Blog, Sean Kidney:
Bangladesh Central Bank
Dhaka
Bangladesh Bank’s firstAnnual Report on Green Banking (for 2012)
link on right side:
Policy Guidelines for Green Banking (February 2011)
Brazil:Central Bank of Brazil
Brazilia
Central Bank of Brazil adopts resolution issuing guidelines for financial institutions to develop a Social and Environmental Responsibility Policy by 2015 (April 2014)
background:
China Sustainable Banking Forum with UNEP FI, April 2011
China Banking Regulatory Commission
Beijing
CBRC annual reports (since 2006):
CBRC Green Credit Directive (February 2012)
China:People’s Bank of China (China’s central bank)
Beijing
Bank Senior Management remarks, 2/4/2013
Senior Economist Ma Jun, July 2014
China: Ministry of Commerce
Beijing
Guidelines for Environmental Protection in Foreign Investment and Cooperation (February 2013)
CCICED:
China Development Bank
Beijing
-
- Social Responsibility Reports (since 2007)
-
- collaboration with UNEP Finance Initiative
-
China: article on banking in China
The Role of China’s Banking Sector in Providing Green Finance; Y. Bai, M. Faure and J. Liu; Duke Environmental Law & Policy Forum; 2014
Colombia: Government of Colombia
Green Protocol; June 2012
PBoC and WWF report Towards Sustainable Development: The Role of China’s Finance Sector (September 2008)
Egypt: Central Bank of Egypt
Cairo
conference: Towards Banking Sustainability; March 2014
Greece: Bank of Greece
Athens
report on climate change, June 2011
Hong Kong Monetary Authority
Hong Kong
Remarks, David Carse, Deputy Chief Executive, November 2000
Germany:KfW (development bank)
Frankfurt am Main
German KfW, IFCand others establish Global Climate Partnership Fund
Germany:KfWBankengruppe
Frankfurt am Main
-link for Sustainability, Responsibility, Corporate Governance, and Investment
Germany:DZ Bank
Frankfurt am Main
Sustainability Program:
Kenya: Central Bank of Kenya
UNEP Forum
remarks:
Liberia: Central Bank of Libera
Partnership with UNDP and others (2011)
Netherlands:FMO (development bank)
The Hague
Sustainability bonds (September 2012)
India:Reserve Bank of India
New Delhi
Deputy Governor’s remarks at UNEP FI event, April 2013
-
-
Japan: Development Bank of Japan
Tokyo
-
Lebanon:Central Bank of Lebanon
Beirut
The role of Banque du Liban in Sustainable Finance (undated)
-
Nigeria:Central Bank of Nigeria
Abuja
Sustainable Banking agreement with IFC, May 2013
Sustainable Banking Principles (September 2012):
-
background:
background:
Norway:Norges Bank Investment Management
Oslo
-
-
Switzerland: Swiss National Bank
Zurich
Boardreleases new ethics code (January 17, 2014)
Guidelines and Regulations
United Kingdom: Bank of England
London
Strategic Plan Themes:
Governor Mark Carney’s remarks re: climate change (October 2014)
Bankof England review of insurance risk after consultations with climate coalition in 2012 (since 2012)
United States
US Export-Import Bank
Washington, DC
Ex-Im Bank and the Environment
adopts Equator Principles (March 2011)
US Overseas Private Investment Corporation
Washington, DC
first green guaranties for climate investments (September 2014)
US National Credit Union Administration
Alexandria, VA
-
US Department of Agriculture
Washington, DC
Rural Infrastructure Opportunity Fund (since 2014)
US Department of the Treasury’s new Consumer Financial Protection Bureau
Washington, DC
US Department of the Treasury’s Federal Insurance Office
Washington, DC
US Department of the Treasury’s Community Development Financial Institutions Fund
Washington, DC
New Markets Tax Credit Program (since 2000)
US Department of the Treasury’s Office of Environment and Energy
Washington, DC
US Department of the Treasury’s Office of the Comptroller of the Currency
Washington, DC
handbook for bank risk; August 2013:
US Department of the Treasury’s Financial Stability Oversight Council
Washington, DC
US Department of the Treasury’s Small Business Lending Fund
Washington, DC
US Department of the Treasury’s International Capital System Data Resources Center
Washington, DC
US Department of the Treasury’s Office of Financial Research
Washington, DC
US Department of the Treasury’s Office of Terrorism and Financial Intelligence
Washington, DC
US Sanctions for North Korea Foreign Trade Bank; March 2013
US Federal Reserve System
Washington, DC
Guidance on Model Risk Management, SR11-7, April 4, 2011
Community Development Program
Conferences
US Federal Reserve Bank of San Francisco
US Federal Financial Institutions Examination Council
Arlington, VA
US Federal Deposit Insurance Corporation
Washington, DC
Community Banking Initiatives:
US AID’s Development Credit Authority(since 1999)
Washington, DC
US Global Development Lab (April 2014)
US EPA’s Environmental Finance Advisory Board(since 1989)
Washington, DC
US EPA’s Trade and Finance Programs
Washington, DC
US EPA’s Infrastructure Finance Center
Washington, DC
UK Independent Commission on Banking (September 2011)
London
UK Green Investment Bank
London, Edinburgh
Global Sustainable Finance Network
World Federation of Development Financing Institutions
IFC Green Bond program includes central bank participation from Germany, Brazil, others (November 2013)
National Sustainable Banking Programs and Associations
BancaEtica
Italy
Brazilian Banking Association, Febraban
Sao Paulo
Green Protocol, 2009:
Brazil: banking system prohibits credit to companies using slave labor
Environmental Bankers Association
Alexandria, VA
Environmental Bankers Association Australasia
St Kilda (Melbourne)
Australia
best practices guide
India: GIZ report Responsible Finance – A Catalyst for Responsible Business (March 2012)
Kenya Bankers Association
Nairobi
Sustainable Finance Initiative; September 2013
VfU: Verein fur Umveltmanagement und Nachhaltigkeit in Finanzinstituten
Association for Environmental Management Banks, Savings Banks and Insurance
Augsburg
Germany
-
National Parliamentary Organizations
UK Parliament
London
Parliamentary Commission on Banking Standards, June 2013
report:
Bond Markets
World Bank
- World Bank sustainable investing program (since 2008)
-
- World Bank’s first floating rate green bond (January 2014)
US Government
- US Government creates Build America Bonds, provides $106 billion as of June 2010 (since April 2009)
Asian Development Bank
- Asian Development Bank announces water bond market (February 2010)
-
International Monetary Fund
- International Monetary Fund Staff Position Note Financing the Response to Climate Change (March 2010)
-
International Financial Corporation
- Green Bond program for climate-related investments (since April 2010)
Green Bond program for individual investors (September 2014)
UK Government
- UK Green Investment Bank Commission releases report Unlocking investment to deliver Britain’s low carbon future (June 2010)
-
Germany’s KfW
report: Green Bonds – Made by KfW (October 2014)
European Bank for Reconstruction and Development
- European Bank for Reconstruction and Development launches Environmental Sustainability Bonds (December 2010)
-
-
African Development Bank
Tunisia
Green Bond Program (2013)
European Investment Bank
SRI:
Climate Bonds Initiative
London
Policy areas for green bond markets
Climate Bonds Working Group on Agriculture and Forestry (October 2014)
Climate Bond Partners(October 2014)
Bond Taxonomy:
reports: Bonds and Climate Change: The State of the Market (annual)
Banking Working Group develops Framework for Green Bonds (October 2013)
Climate BondsLow-Carbon Transport Working Group (February 2014)
Green Bond Principles (January 2014)
Green Bond Principles Governance Framework (April 2014)
Unilever Green Sustainability Bond (March 2014)
Sustainalytics and Lloyds Banking Group create ESG bond (June 2014)
As You Sow report Green Bonds in Brief: Risk, Reward, and Opportunity (November 2014)
Bond Markets at Stock Exchanges
Oslo Borse
Bond Indexes