SBP’s framework to induce environmental, social risk management Business April 29, 2021 KARACHI: The State Bank of Pakistan (SBP) is formulating a regulatory guidance with assistance from the World Bank's private sector arm to enhance knowledge and capacity of banks on environmental and social risk management, people familiar with the matter said on Wednesday. The framework will offer guidance on how banks integrate climate change and other sustainability concerns into their risk management systems. Pakistan sustainable banking project, the first of its kind, is in progress and is the SBP’s important initiative around green finance. “The SBP is now working with IFC on the Pakistan sustainable banking project,” a SBP’s spokesperson confirmed with The News.