About the 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.

The Working Group will publish a paper in 2018 that:

  1. Defines sustainable finance for a South African context.
  2. Incorporates perspectives from all parts of the financial sector, including banking, pension funds, insurance, asset management and capital markets.
  3. Describes the global and national drivers for sustainable finance, as well as existing industry initiatives.
  4. Maps supply and demand for, as well as barriers to, sustainable finance.
  5. Provides recommendations on a national strategic approach and the role of regulatory agencies and industry stakeholders.

Working Group members represent the following organisations:

  • National Treasury (Chair)
  • South African Reserve Bank
  • Financial Services Board
  • Banking Association South Africa (BASA)
  • Council of Retirement Funds for South Africa (Batseta)
  • Association for Savings and Investment South Africa (ASISA)
  • South African Insurance Association (SAIA)
  • Johannesburg Stock Exchange (JSE)

The initiative is supported by IFC, part of the World Bank Group, in partnership with the Swiss State Secretariat for Economic Affairs (SECO).