Many organisations, both locally and globally are playing a crucial role in ESG and sustainable finance. Our combined efforts make progress possible. Read about a number of key initiatives taking place, below.
About the South Africa Sustainable Finance Initiative
In January 2017, South Africa’s National Treasury convened a Working Group of financial sector regulatory agencies and industry associations to develop a framework document on sustainable finance.
This followed a roundtable event in June 2016 involving around 50 stakeholders from National Treasury, the Reserve Bank, FSB (now FSCA), Department of Environmental Affairs (now DEFF), the JSE, and industry associations from banking, pensions, asset management, and insurance to assess current voluntary practices in South Africa.
On 15 May 2020, drawing on the Working Group’s inputs, National Treasury published a Technical Paper for public comment on “Financing a Sustainable Economy”.