SBFN Member Since:
2013
Member Organisations
State Bank of Pakistan
Progress Against sub Pillars
Framework Documents
| Country | Policies/ Principles/ Guidelines | Year | Issuer |
|---|---|---|---|
| Pakistan | 2021 | Securities and Exchange Commission of Pakistan | |
| Pakistan | 2019 | Securities and Exchange Commission of Pakistan | |
| Pakistan | 2019 | State Bank of Pakistan | |
| Pakistan | Environmental and Social Risk Management Policy and Procedures | 2018 | State Bank of Pakistan |
| Pakistan | 2017 | State Bank of Pakistan | |
| Pakistan | 2017 | Government of Pakistan | |
| Pakistan | 2017 | Government of Pakistan | |
| Pakistan | 2016 | Government of Pakistan | |
| Pakistan | 2016 | State Bank of Pakistan | |
| Pakistan | 2013 | Securities and Exchange Commission of Pakistan |
Pillar 1 - ESG Integration - Strategic Alignment
National Framework
P 1.1 – Has the regulator or industry association published a national framework (“Framework”) for the banking sector that sets out expectations for integrating the consideration of environmental, social, and governance (ESG) risks and performance?
Yes
Source Reference Detail
Green Banking Guidelines (Infrastructure, Housing & SME Finance Department) includes the Environmental Risk Management Guidelines
Source Reference Document
Green Banking Guidelines, 2017Nationally Determined Contributions, 2-17CSR Voluntary Guidelines, 2013 Climate Change Financing Framework, 2017
Source Reference Description
–
P 1.2 – Has the relevant regulator or industry association published a Framework for capital markets, investment, insurance or other non-lending FIs that sets out expectations for integrating the consideration of environmental, social, and governance (ESG) risks and performance?
Yes
Source Reference Detail
–
Source Reference Document
Environmental and social Risk Management Policy and Procedures, 2018Green Banking Guidelines, 2017Nationally Determined Contributions, 2-17CSR Voluntary Guidelines, 2013 Climate Change Financing Framework, 2017
Source Reference Description
–
Pillar 1 - ESG Integration - Strategic Alignment
Alignment with International Goals & Standards
P 1.3 – Does the Framework make reference to international sustainable development frameworks or goals?
Yes
Source Reference Detail
The Intended Nationally Determined Contribution and the Climate Change Financing Framework mention the SDGs
Source Reference Document
Nationally Determined Contributions, 2017Climate Change Financing Framework, 2017
Source Reference Description
–
P 1.4 – Does the Framework make reference to established international ESG risk management standards and principles for FIs??
No
Source Reference Detail
Green Banking Guidelines (Infrastructure, Housing & SME Finance Department) includes the Environmental Risk Management Guidelines
Source Reference Document
CSR Voluntary Guidelines, 2013
Source Reference Description
–
Pillar 1 - ESG Integration - Strategic Alignment
Alignment with national goals & strategies
P 1.5 – Does the Framework make reference to specific national development objectives, plans, policies, goals, or targets?
Yes
Source Reference Detail
The Climate Change Financing Framework and the Green Banking Guidelines mention the National Climate Change Policy
Source Reference Document
Climate Change Financing Framework, 2017Green Banking Guidelines, 2017
Source Reference Description
–
P 1.6 – Does any cooperation exist between agencies or between the regulator and industry association with respect to policy design and/or implementation related to ESG integration?
Yes
Source Reference Detail
A well-developed structure of financing facilities for environmental projects/businesses will help banks to build image of environmentally conscious organizations and also facilitate in building conducive relationships with the government agencies entrusted with implementation of environmental regulations.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 14
P 1.7 – Does any inter-agency data sharing currently exist related to ESG integration by FIs?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Overall Approach & Strategy
P 1.8 – Does the Framework provide guidance on the role of the regulator or industry association with regard to assessing and managing ESG risk and performance in the financial sector?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 1.9 – Has the regulator or industry association undertaken market assessment to identify systemic ESG risks through analysis of the portfolios of supervised entities/members and published the results?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Technical Guidance
P 1.10 – Does the Framework provide technical guidance or tools to support implementation of ESG risk and performance management by the financial sector?
Yes
Source Reference Detail
GBGs, page 9, page 10 instructions about environmental due diligence 3.3.2.1 Environmental Due Diligence,3.3.2.2 Environmental risk charaterization/rating
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 9 – 10
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Supervisory Activities & incentives
P 1.11 – Is the implementation of the Framework regularly monitored and/or information regularly collected from FIs by the regulator and/or industry association?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 1
P 1.12 – Does the regulator or industry association provide any financial or non-financial incentives for FIs to manage ESG performance as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 1.13 – Does the regulator or industry association apply any disincentives/penalties for non-compliance by FIs in terms of expectations from the regulator and/or industry association related to ESG risk management as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Tracking & Aggregated Disclosure
P 1.14 – Has the regulator or industry association established a data collection approach and database to track or regularly publish data related to ESG integration by FIs as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Expectations of FI Actions
Strategy & Governance
P 1.15 – Does the Framework require/ask the FI’s board of directors (or highest governing body) to approve an ESRM and/or ESG integration strategy, and to supervise its implementation?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 4
Pillar 1 - ESG Integration - Expectations of FI Actions
Organizational Structure & Capacity Building
P 1.16 – Does the Framework require/ask FIs to allocate resources/budget commensurate with portfolio ESG risks and define roles and responsibilities for ESG integration within the organization?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 4 – 5
P 1.17 – Does the Framework require/ask FIs to develop and maintain the ESG expertise and capacity of staff commensurate with portfolio ESG risks through regular training and learning?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 5 – 2.2 iv
P 1.18 – Does the Framework require/ask FIs to create incentives for managers to reduce the ESG risk-level of the portfolio over a specified timeframe?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Expectations of FI Actions
Policies & Procedures
P 1.19 – Does the Framework require/ask FIs to develop policies and procedures to identify, classify, measure, monitor, and manage ESG risks and performance throughout the financing cycle at the client level and/or the transaction/project level?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 2 – 1.2
P 1.20 – Does the Framework require/ask FIs to undertake a regular review and monitoring of ESG risk exposure at aggregate portfolio level?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 14 – 3.3.3
P 1.21 – Does the Framework require/ask FIs to establish and maintain an external inquiry/complaints/grievance mechanism for interested and affected stakeholders in relation to ESG practices?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Expectations of FI Actions
Tracking, Reporting & Disclosure
P 1.22 – Does the Framework require/ask FIs to report ESG risks and performance to the regulator or industry association?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
–
P 1.23 – Does the Framework require/ask FIs to report on ESG integration publicly?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 1.24 – Does the Framework require/ask FIs to track credit risk (e.g. loan defaults) and/or financial returns in relation to ESG risk level?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Strategic Alignment
National Framework
P 2.25 – Has the regulator or industry association published a national framework (“Framework”) for the banking sector that sets out expectations for integrating the consideration and management of climate risks and their impact in the national economy?
Yes
Source Reference Detail
Section 3.1 Risk Management: The EnvRM system is designed to incorporate procedures for evaluation & management of environmental and climate change risks of current as well as future financing/investments of a bank in credit risk management procedures. Annex 1: Climate Change Risks (physical), and Changes in Market Conditions / preference (transition), and Legal and Regulatory changes (transition), as sources of financial risk.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 3.1
P 2.26 – Has the relevant regulator or industry association published a Framework for capital markets, investment, insurance or other non-lending FIs that sets out expectations for integrating the consideration and management of climate risks and their impact in the national economy?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Strategic Alignment
Alignment with International Goals & Standards
P 2.27 – Does the Framework make reference to international agreements or frameworks to address climate?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.28 – Does the Framework recognize or align with established regional or international good practice for climate risk management and disclosure by FIs?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Strategic Alignment
Alignment with National Goals & Strategies
P 2.29 – Has the regulator or industry association aligned the Framework with national goals to address climate change in line with the country’s Nationally Determined Contributions (NDCs) to the Paris Agreement?
Yes
Source Reference Detail
Section 1.1 reference to National Climate Chnage Plan (2012); Annex 3 reference to UNFCCC commitments.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
section 1.1, annex 3
P 2.30 – Does any cooperation exist between agencies, or between government and industry association, with respect to policy design or implementation related to climate risk management?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.31 – Does any inter-agency data sharing currently exist related to climate risk management by FIs?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Overall Approach & Strategy
P 2.32 – Has the regulator or industry association undertaken research on historical impacts to the economy and financial sector from climate change, and/or future expected impacts resulting from physical and transition climate risks?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.33 -Does the Framework identify key sources of GHG emissions – such as in particular sectors – as priorities in the proactive management of climate risks by the financial sector?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.34 – Does the Framework incorporate the conservation/restoration of natural carbon sinks (such as oceans, forests, mangroves, grasslands, and soils) as an important part of reducing climate change risks? (e.g., through guidelines, scenario analysis, targets, or incentives for FIs)
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.35 – Has the regulator or industry association developed an internal strategy to address climate risk, and/or embedded climate risk management into its governance, organizational structures, and budget as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.36 – Has the regulator or industry association undertaken any activities to expand and deepen analytical understanding of national and/or cross-border physical and transition climate risks, and to raise awareness as to how these risks may transmit to, and impact, the financial sector?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Technical Guidance
P 2.37 – Has the regulator or industry association developed risk assessment approaches, methodologies, or tools to understand and assess the financial sector’s exposure to climate risk as part of the Framework?
Yes
Source Reference Detail
Section 3.1 Risk Management: The EnvRM system is designed to incorporate qualitative and qunatitative procedures for evaluation & management of environmental and climate change risks of current as well as future financing/investments of a bank in credit risk management procedures. Annex 1: Climate Change Risks (physical), and Changes in Market Conditions / preference (transition), and Legal and Regulatory changes (transition), as sources of financial risk.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 3.1
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Supervisory Activities & Incentives
P 2.38 – As part of the Framework, has the regulator clarified supervisory expectations with regard to climate risk management by FIs, including consideration of international good practices?
Yes
Source Reference Detail
Section 1.2: Purpose related to environmental and climate risk management as part of credit risk. Section 3.1 Risk Management: The EnvRM system is designed to incorporate procedures for evaluation & management of environmental and climate change risks of current as well as future financing/investments of a bank in credit risk management procedures. Annex 1: Climate Change Risks (physical), and Changes in Market Conditions / preference (transition), and Legal and Regulatory changes (transition), as sources of financial risk.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 1.2, 3.1, Annex 1
P 2.39 – Has the regulator started to explicitly embed climate-related risk in supervisory activities and review processes as part of the Framework?
Yes
Source Reference Detail
Section 1.1: Arrangements to periodically review banks overall portfolio as to its environmental (including climate related) risk positions and report to relevant stakeholders, such as higher management, shareholders andrelevant authorities.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 1.1
P 2.40 – Has the regulator started to explicitly embed climate-related risk in supervisory activities and review processes as part of the Framework?
Yes
Source Reference Detail
Section 1.1: State Bank of Pakistan (SBP) will monitor progress of implementation on a regular basis. Standard reporting procedures will be developed in coordination with banks. Section 3.3.2.4: The banks/DFIs are obliged to maintain a database on non-performing loans when the reason for the non-performance is environment-related. Banks should document the cases where there are suspicions and probable causes. The database is meant to improve the institutional learning process and lead to better risk assessments and thus avoid systemic risks.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 1.1, Section 3.3.2.4
P 2.41 – Has the regulator started to explicitly embed climate-related risk in supervisory activities and review processes as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Tracking & Aggregated Disclosure
P 2.42 – Does the regulator or industry association regularly collect and/or report market-level and/or FI-level data on climate-related financial sector risks as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
Pillar 2 - Climate Risk Management - Expectations of FI Actions
Strategy & Governance
P 2.43 – Does the Framework require/ask FIs to establish a strategy for climate risk management with responsibility at the board of director level (or highest governing body)?
Yes
Source Reference Detail
Section 2: Responsbilities, Management, and Organization, Section 2.1: Board of Directors: “The Green Banking Policy should include strategic references as to the role of the institution in transformation towards a low carbon & climate resilient economy and specifically include policystatements on its environmental risk assessment, weighting and management processes (EnvRM)”. Section 3.1 Risk Management: The EnvRM system is designed to incorporate procedures for evaluation & management of environmental and climate change risks of current as well as future financing/investments of a bank in credit risk management procedures.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 2, Section 3.1
Pillar 2 - Climate Risk Management - Expectations of FI Actions
Organizational Structure & Capacity Building
P 2.44 – Does the Framework require/ask FIs to define the roles and responsibilities and related capacities of the FI’s senior management and operational staff in identifying, assessing, and managing climate-related financial risks and opportunities?
Yes
Source Reference Detail
Section 2: Responsbilities, Management, and Organization, Section 2.1: Board of Directors and Section 2.2 Management, points i) through viii); Section 2.3 Organization, i) Green Policy Office; ii) Institutional Arrangements -Environmental Risk Management.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 2
Pillar 2 - Climate Risk Management - Expectations of FI Actions
Policies & Procedures
P 2.45 – Does the Framework require/ask FIs to expand existing risk management processes to identify, measure, monitor, and manage/mitigate financial risks from climate change?
Yes
Source Reference Detail
Section 3.1 Risk Management: The EnvRM system is designed to incorporate procedures for evaluation & management of environmental and climate change risks of current as well as future financing/investments of a bank in credit risk management procedures. Section 3.2 General Guidelines (Points 2, 3, 8, 9). Section 3.3 E&S Management System.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 3.1, 3.2
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Tracking, reporting & disclosure
P 2.46 – Does the Framework require/ask FIs to report on their overall approaches to climate risk management in line with international good practices (e.g., TCFD), or establish a timeline by which FIs should begin to align their reporting with such practices?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.47 – Does the Framework require/ask FIs to identify, measure, and report on exposure to sectors which are vulnerable to transition risk and physical risk?
Yes
Source Reference Detail
Section 3.1 Risk Management: The EnvRM system is designed to incorporate procedures for evaluation & management of environmental and climate change risks of current as well as future financing/investments of a bank in credit risk management procedures. Section 3.2 General Guidelines (Points 2, 3, 8, 9). Point 9:. Banks/DFIs should establish provisions to capture environmental risks of their exposures in environmental/climate activity prone geographies and sectors. Section 3.3 E&S Management System. Annex 1: Climate Change Risks (physical), and Changes in Market Conditions / preference (transition), and Legal and Regulatory changes (transition), as sources of financial risk.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 3
P 2.48 – Does the Framework require/ask FIs to adopt and report on performance targets to reduce portfolio greenhouse gas (GHG) emissions on a regular basis?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.49 – Does the Framework require/ask FIs to adopt and report on performance targets to reduce exposure to climate change risks at the portfolio level on a regular basis?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Strategic Alignment
National Framework
P 3.50 – Has the regulator or industry association published a national framework (“Framework”) for the banking sector that sets out expectations for integrating the consideration of instruments, goals, and standards for financing sustainability, including requirements for ensuring credibility and managing and measuring resulting impacts in the national economy?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
–
P 3.51 – Has the relevant regulator or industry association published a Framework for capital markets, investment, insurance or other non-lending FIs that sets out expectations for integrating the consideration of instruments, goals, and standards for financing sustainability, including requirements for ensuring credibility and managing and measuring resulting impacts in the national economy
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Strategic Alignment
Alignment with International Goals & Standards
P 3.52 – Has the regulator or industry association developed a strategy, regulations, or set of frameworks for stimulating the allocation of capital to sustainable assets, projects, and related sectors in line with global goals, such as the Sustainable Development Goals (SDGs)?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.53 – Does the Framework recognize and/or align with existing standards, voluntary principles, or market good practices related to sustainable finance instruments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions
Alignment with national goals & strategies
P 3.54 – Does the Framework enable the achievement of stated national objectives by guiding capital to sectors, assets, and projects that have environmental and social benefits in line with national sustainable development priorities, strategies, targets, and the size of sustainable investment needs, and taking into account the local barriers to scaling-up sustainable finance?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.55 – Does the Framework enable the achievement of stated national objectives by guiding capital to sectors, assets, and projects that have environmental and social benefits in line with national sustainable development priorities, strategies, targets, and the size of sustainable investment needs, and taking into account the local barriers to scaling-up sustainable finance?
Yes
Source Reference Detail
A well-developed structure of financing facilities for environmental projects/businesses will help banks to build image of environmentally conscious organizations and also facilitate in building conducive relationships with the government agencies entrusted with implementation of environmental regulations.
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 14
P 3.56 – Does any inter-agency data sharing currently exist related to stimulating and monitoring sustainable finance flows?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Strategic Alignment
Overall Approach & Strategy
P 3.57 – Does the Framework require/ask the regulator or industry association to establish mechanisms to identify and encourage the allocation of capital to sustainable sectors, assets, and projects?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions
Technical Guidance
P 3.58 – Does the Framework require/ask the regulator or industry association to establish mechanisms to identify and encourage the allocation of capital to sustainable sectors, assets, and projects?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Page 15 – 16
P 3.59 – Does the Framework provide guidelines for extending green, social or sustainability-focused loans (excluding bonds)?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.60 – Does the Framework provide guidelines for issuance of green, social or sustainability bonds?
Yes
Source Reference Detail
–
Source Reference Document
Green Bonds Guidelines, 2021
Source Reference Description
–
P 3.61 – Does the Framework require/ask for external party verification to ensure the credibility of sustainability instruments?
Yes
Source Reference Detail
External Review
Source Reference Document
Green Bonds Guidelines, 2021
Source Reference Description
Section 7
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions -
Supervisory activities & incentives
P 3.62 – Does the regulator or industry association monitor information reported by FIs related to green/social/sustainability investment, lending, and other instruments to prevent greenwashing and social-washing?
Yes
Source Reference Detail
–
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 1.1
P 3.63 – Are there any financial or non-financial incentives for FIs to develop and grow green, social, or sustainability finance instruments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions -
Tracking & Aggregated Disclosure
P 3.64 – Does the regulator or industry association collect and/or publish data from FIs or other sources about allocation of capital to green/social/sustainability assets, projects, or sectors?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Strategy & Governance
P 3.65 – Does the Framework require/ask FIs to establish a strategy, governance, or high-level targets, including at the Board of Directors level, for capital allocation to sustainable assets, projects, or sectors?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Organizational Structure & Capacity Building
P 3.66 – Does the Framework require/ask FIs to define internal staff roles and responsibilities to encourage finance flows to green, social, and/or sustainability-focused investments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.67 – Does the Framework require/ask FIs to develop and maintain internal staff capacity on green, social, or sustainability products through regular training and learning?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Policies & Procedures
P 3.68 – Does the Framework require/ask FIs to put in place policies and procedures for defining, issuing, managing proceeds, tracking performance, and reporting on green, social or sustainability-focused products?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.69 – Does the Framework require/ask FIs to appoint an independent external reviewer to confirm that the FI’s internal framework meets the requirements of the recognized national framework and regulations, or aligns to international standards?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.70 – Does the Framework require/ask that FIs create incentives for managers to increase sustainable loans or investments in the portfolio?
No
Source Reference Detail
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Tracking, reporting & disclosure
P 3.71 – Does the Framework require/ask FIs to publish annual updates on the performance and impacts of the sustainability instruments in compliance with relevant national and/or international standards?
Yes
Source Reference Detail
Continuous Disclosure and Reporting
Source Reference Document
Green Bonds Guidelines, 2021
Source Reference Description
Section 11
P 3.72 – Does the Framework require/ask FIs to obtain and disclose independent review of metrics reported annually in relation to the social and environmental outcomes and impacts achieved through the sustainability instruments?
Yes
Source Reference Detail
Continuous Disclosure and Reporting
Source Reference Document
Green Banking Guidelines, 2017
Source Reference Description
Section 1.1
P 3.73 – Does the Framework require/ask FIs to obtain and disclose independent review of metrics reported annually in relation to the social and environmental outcomes and impacts achieved through the sustainability instruments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.74 – Does the Framework require/ask FIs to report to the regulator(s) or industry association(s) on green, social, and/or sustainability bonds or other positive impact investments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.75 – Does the Framework require/ask FIs to report publicly on their green, social and sustainability-focused finance activities and positive outcomes or impacts (i.e. not only to the regulator or shareholders)?
Yes
Source Reference Detail
Disclosure on Website
Source Reference Document
Green Bonds Guidelines, 2021
Source Reference Description
Section 10
