The Methodology for the 2024 Financial System Benchmark

This methodology lays out the metrics that the World Benchmarking Alliance will use to assess and rank 400 leading financial institutions (including asset owners, asset managers, banks and insurers) on their readiness to address global sustainability transitions and their contribution to the 2030 Agenda for Sustainable Development. Building on existing standards and initiatives, the methodology is intended as a system-level tool for regulators and stakeholders to hold financial institutions to account, as well as a roadmap that could assist financial institutions in establishing and enhancing sustainable practices.

This document lists and describes the indicators and elements that form WBA’s Financial System Benchmark, together with the sources that have been considered during the development of the first and second iteration of this benchmark. Moreover, it provides details regarding the assessment scope and structure, as well as the details of scoring.

Adapting to a developing world and integrating learning over time, the benchmark balances between providing comparability between iterations and continuously enhancing the quality and accuracy of results. In this round we specifically aimed to clarify the structure and to add missing topics. To support those familiar with our first iteration we provide a supplement to cross-map the indicators and elements
of this iteration with those from the previous one.