The Financial Sector Conduct Authority (FSCA) has published its Statement on Sustainable Finance and a detailed Programme of Work to foster a fair and resilient financial system that aligns with South Africa’s climate goals, including achieving carbon neutrality by 2050. The initiative focuses on promoting sustainability through strategic pillars such as taxonomy development, enhanced disclosure and reporting, market development, active ownership, and empowering retail investors. The FSCA also aims to adapt its regulatory framework to integrate sustainability into financial decision-making and build investor confidence while combating greenwashing. A final Sustainable Finance Roadmap will be released later this year.
