Aim

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 social conventions. The Financial System Benchmark will assess and rank 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 behaviours and actions that the financial institutions can take to contribute to sustainability and act as a global accountability mechanism.

Draft Methodology

The draft methodology outlines the key topics and issues that we propose to measure in order to rank the 400 globally influential financial institutions in scope on their readiness for the sustainability transformation ahead.

Following a year-long consultation, including the publication of the scoping report in January 2021 and the review and incorporation of existing standards and frameworks, this report presents the draft indicators and our proposed approach to scoring and weighting of the measurement areas.

Read Draft Methodology

Milestones

The benchmark will assess 400 leading financial institutions on their contribution to the 2030 Agenda. During 2020, global consultations were conducted to map existing behaviours and assess the practical action possible. A methodology will be published by end 2021, compiling all feedback from our scoping report. Data collection, verification, and analysis of the 400 financial institutions in scope will take place in 2022, with the launch of the first benchmark due 2023.

  1. Scoping

    2020

  2. Scoping report

    January 2021

  3. Methodology Development

    2021

  4. Draft Methodology

    June 2021

  5. Methodology report

    End of 2021

  6. Data collection and verification

    2022

  7. Baseline benchmark publication

    2023

Updates

See all

Get involved

As we build our work, we continue to engage with stakeholders across the globe through targeted communications with key organisations and representatives. We also encourage meaningful and constructive feedback.

Emilie Goodall

Lead Financial System Transformation

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