South Africa

South Africa Prudential Authority issues Climate Roadmap 2024-2026

South Africa Prudential Authority issues Guidance on Climate-Related Disclosures for Banks a

Presidential Climate Commission publishes report on the South African Climate Finance Landscape

Climate Risk Forum publishes South African Benchmark Climate Risk Scenarios

PA publishes Proposed Guidance Notices on Climate Related Risk Practices and Disclosure for banks and insurers

FSCA publishes Statement on Sustainable Finance and Programme of Work, including a focus on taxonomy implementation and disclosure

National Treasury, with support from the European Commission, publishes a Comparison Between the EU Green Taxonomy and South Africa’s Green Taxonomy

SARB publishes A Climate Change Modelling Framework for Financial Stress Testing in Southern Africa

Updated Code for Responsible Investing in South Africa (CRISA 2) published

National Treasury publishes Green Finance Taxonomy for South Africa, 1st Edition

JSE expands listing instructions to include sustainability-linked finance and transition finance

JSE publishes Guidance on Climate and Sustainability Disclosure with support from IFC

PA publishes Prudential Communication 10 of 2022: Climate-related risks drawing the sector's attention to climate risks and communicating its approach to climate related risks

TUHF and Standard Bank launch South Africa’s first social bond listed on the JSE

Netcare and Standard Bank list Africa’s first self-labeled sustainability-linked bond on the JSE

PA publishes Climate Risk Survey Report assessing the state of climate-related disclosures among financial institutions

Climate Risk Forum publishes Sustainable Finance Handbook for South Africa

South Africa Prudential Authority (PA) joins SBFN

JSE announces expanded sustainability segment covering green, social, and sustainability bonds

Climate Risk Forum publishes Principles and Guidance for Minimum Disclosure of Climate Related Risks and Opportunities

National Treasury publishes final Technical Paper on Financing a Sustainable Economy

National Treasury becomes a formal SBFN member and Co-chair for the SBFN Sustainable Finance Instruments Working Group

National Treasury publishes Draft Green Finance Taxonomy for South Africa

Total green bond issuance to the value of $2.6 billion

Nedbank becomes first bank in South Africa to list a renewable energy bond under the JSE Green Segment

FSCA and IFC publish report on the Sustainable Finance Practices in South African Retirement Funds

South African Reserve Bank (SARB) surveys banks and insurance sector on alignment with the Task Force on Climate-related Disclosures (TCFD)

BASA establishes the multistakeholder Climate Risk Forum, chaired by National Treasury, with working groups to implement recommendations of the NT Draft Technical Paper

Nedbank becomes first bank in South Africa to list a renewable energy bond under the JSE Green Segment

Financial Sector Conduct Authority (FSCA) publishes Guidance Notice 1 of 2019: Sustainability of investments and assets in the context of a retirement fund’s investment policy statement

City of Cape Town lists first green bond under the new JSE Green Segment

Growthpoint issues first corporate green bond under the JSE Green Segment

National Treasury (NT), GIZ, and Cambridge Institute for Sustainability Leadership (CISL) publish primer on “Embedding environmental scenario analysis into routine financial decision-making in South Africa"

JSE requires any documents (circulars and annual reports) submitted to the JSE on or after 1 October 2017 to demonstrate application and disclosure of King IV

Johannesburg Stock Exchange (JSE) publishes Debt Listings Requirements for the JSE Green Segment

4th edition of the King Report and Code on Corporate Governance (King IV) includes climate change and ESG considerations as well as integrated reporting requirements

National Treasury hosts first multi-stakeholder roundtable on sustainable finance and becomes SBFN Observer

BASA joins SBFN

The Banking Association South Africa (BASA) launches Principles for Managing Environmental and Social Risk

Batseta (Council of Retirement Funds for South Africa) publishes Responsible Investment and Ownership – A Guide for Pension Funds in South Africa

South African Government publishes Green Economy Accord

South African Government publishes updated Regulation 28 of the Pension Funds Act with new ESG requirements

Institutional investors launch Code for Responsible Investing in South Africa