Sri Lanka
Bangladesh
Brazil
Cambodia
China
Colombia
Ecuador
Georgia
Indonesia
Kenya
Mexico
Mongolia
Morocco
Nepal
Nigeria
Pakistan
Panama
Paraguay
Peru
South Africa
Turkey
Vietnam
Asia
Central Bank of Sri Lanka
2016
Does the framework ask FIs to formalize an E&S or ESG policy?
Does the framework encourage FIs to go beyond E&S requirements of local laws and regulations?
Does the framework ask FIs to set E&S objectives and targets?
Does the framework ask FIs to publicly disclose their E&S policy and its governance?
(2) Sri Lankan Sustainable Banking Principles - Principle 1 - https://sustainablebanking.lk/industry-guiding-principles (1) 3.2.2 ESG Risk Management
N/A
(2) Sri Lankan Sustainable Banking Principles - Principle 10 - https://sustainablebanking.lk/industry-guiding-principles
N/A
Does the framework require FIs to carry out appropriate E&S due diligence at transaction level?
Does the framework require FIs to carry out appropriate E&S due diligence at client level?
Does the framework encourage FIs to categorize projects/clients according to their level of E&S risk?
For high-risk transactions, does the framework encourage site visits to be organized?
In case of negative E&S impacts, does the framework invite FIs to engage with clients to implement mitigation measures?
(2) Sri Lankan Sustainable Banking Principles - Principle 1 - https://sustainablebanking.lk/industry-guiding-principles (1) 3.2.2 ESG Risk Management
(2) Sri Lankan Sustainable Banking Principles - Principle 6 - https://sustainablebanking.lk/industry-guiding-principles
(2) Sri Lankan Sustainable Banking Principles - Principle 1 - https://sustainablebanking.lk/industry-guiding-principles
N/A
N/A
Does the framework ask FIs to incorporate E&S covenants and investment conditions into legal agreements with clients?
(1) 3.2.2 ESG Risk Management
Does the framework ask FIs to develop processes to manage E&S risks during supervision?
Does the framework encourage a periodic review of E&S risks at aggregate portfolio level?
N/A
N/A
Does the framework ask FIs to develop and maintain E&S capacity through regular training?
Does the framework highlight the training of (i) front office staff, (ii) second lines of defense (risk officers and/or compliance officers), and (iii) E&S experts?
(2) Sri Lankan Sustainable Banking Principles - Principle 8 - https://sustainablebanking.lk/industry-guiding-principles (1) 3.4.2 Capacity building for financial institutions
N/A
Does the policy require FIs to establish and maintain an inquiry/complaints/grievance mechanism in relation to E&S or ESG practices?
N/A
Does the policy require FIs to report regularly on E&S or ESG performance, including publicly, to investors or to regulators?
Does the policy make E&S or ESG reporting and disclosure more consistent across financial institutions through principles, guidelines, or templates?
(1) 3.6.3 For financial institutions to measure progress and impacts (1) 3.6.2 For regulators to measure progress and impacts (2) Sri Lankan Sustainable Banking Principles - Principle 10 - https://sustainablebanking.lk/industry-guiding-principles
N/A
Develop an appropriate E&S policy in line with financial products and services offered and with priority sectors; at minimum a strict review and potential decline of clients or engagements that do not comply with local E&S laws and regulations. Incorporate ESG risk management to entire decision-making processes, including environmental and social policies,
Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download
Set clear targets and related performance indicators, ensure the required systems are in place to collect reliable data
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download
E&S procedures among others include risk screening, risk categorization into high , medium , low risks and determining required due diligence procedures, related governance provisions and risk monitoring. Incorporate ESG risk management to entire decision-making processes, including environmental and social policies, risk assessment, environmental and social covenant (in loan agreements or other financial legal documents), project supervision and portfolio review,
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download
Develop and implement a policy framework and procedures that require a screening of clients and engagements for prohibited, excluded or significantly controversial activities, as defined in a jointly agreed upon exclusion list
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download
E&S procedures among others include risk screening, risk categorization into high , medium , low risks and determining required due diligence procedures, related governance provisions and risk monitoring.
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download
Incorporate ESG risk management to entire decision-making processes, including environmental and social policies, risk assessment, environmental and social covenant (in loan agreements or other financial legal documents)
Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download
Provide “Sustainable Banking Training Sessions” across management levels and operational functions. Create practical E&S training tools and resources
Sri Lankan Sustainable Banking Principles (SLBA, 2018)Download
- Encourage the establishment of monitoring and evaluation mechanism of sustainable finance progress and impacts within financial institutions - Require financial institutions to annually report the progress made on sustainable finance related activities along with an action plan for the next financial year - Establish a “Sustainable Banking Reporting Template” and agree on the frequency, nature and format of internal and external reporting, preferably on an annual basis (potentially in line with Sustainability Report)
Roadmap for Sustainable Finance in Sri Lanka (CBSL, 2019)Download
Argentina 
Chile 
Dominican Republic 
Egypt 
Fiji 
Ghana 
Hashemite Kingdom of Jordan 
Honduras 
India 
Kyrgyzstan 
Lao PDR 
Philippines 
Thailand 
Iraq