The Sustainable Banking and Finance Network (SBFN) — formerly the Sustainable Banking Network — is a unique, voluntary community of financial sector regulatory agencies, ministries of environment, ministries of finance, capital market regulators, financial sector industry associations, and multi-stakeholder sustainable finance platforms from emerging markets committed to advancing sustainable finance in line with international good practice. As of August, SBFN members represent 74 institutions, 62 countries, and US$43 trillion (86 percent) of the total banking assets in emerging markets. The idea for the SBFN arose during the first International Green Credit Forum, hosted by IFC and the China Banking Regulatory Commission, in Beijing in May 2012, where banking regulators and associations from 10 countries requested that IFC facilitate a global knowledge network on sustainable banking. The Network was formally launched in September 2012. SBFN members are committed to moving their financial sectors towards sustainability, with the twin goals of improved management of environmental, social, and governance (ESG) risks and increased capital flows to activities with positive environmental and social impact, such as mitigating and adapting to climate change. Facilitated by IFC and supported by the World Bank Group, SBFN is a platform for knowledge sharing and capacity building, and mobilizes practical support for members to design and implement national initiatives. IFC, the private sector arm of the World Bank Group, acts as the Secretariat to the SBFN, playing the role of strategic and technical advisor, as well as global convener to SBFN and its members.