The aim of WBA’s financial system transformation is to ensure that the financial system contributes to a more sustainable allocation of resources, and a more accurate representation of risks and opportunities, in line with planetary boundaries and societal conventions. The Financial System Benchmark assesses and ranks the 400 most influential financial institutions on their contribution to global goals, such as the SDGS and the Paris Agreement. As such, it will identify actions that the financial institutions can take to contribute to sustainability and act as a global accountability mechanism.
The benchmark assesses 400 leading financial institutions on their contribution to the 2030 Agenda. During 2024, data collection, verification, and analysis of the 400 financial institutions in scope will take place, with the launch of the second iteration due in January 2025.
Baseline benchmark publication
Second benchmark publication
Expert Review Committee
The Financial System Benchmark is developed in close collaboration with an Expert Review Committee (ERC), whose members support the core team with their expertise and experience.
Legal Expert & Financial Sector Lead, Responsible Business Conduct Centre, OECD
Programme Leader, UN Environment Programme’s Principles for Sustainable Insurance Initiative
Positive Impact Finance, Programme Lead, UN Environment Programme’s Finance Initiative
Author, Advisor, Lecturer, Yale University and Brown University
Dr Anthony Miller
Economic Affairs Officer, UNCTAD
Dr Freshia Mugo-Waweru
Board of Directors, Capital Markets Authority Board Kenya; Senior Lecturer, Strathmore University Business School
Engagement Partner, Ernst & Young
Senior ESG Advisor, Truvalue Labs, a Factset company and Professor Emeritus, School of Business and Economics, Saint Mary’s College of California
Co-Founder & Partner, Incite
René van Merrienboer
Director of Sustainable Markets, Principles for Responsible Investment (PRI)
Co-Founder and Head Climate Assessment & Monitoring
As we build our work, we continue to engage with stakeholders across the globe through targeted communications with key organisations and representatives. Get in touch to know more.