The Financial Sector Conduct Authority (FSCA) has released a publication that sets out consumer risks in relation to sustainable finance along with its Sustainable Finance Roadmap for 2024.
The publication consists of two sections:
• Part A contains research on risks posed to financial customers in the sustainable finance landscape. The study outlines the potential risks, and the consumer protection tools and responses available to policymakers and regulators.
• Part B outlines recent developments and planned actions related to the FSCA's Programme of Work on Sustainable Finance. It recognises the FSCA's vital role in promoting the availability of credible and consistent information in South Africa's financial market.
The publication follows the March 2023 publication of the FSCA’s Statement on Sustainable Finance. The 2023 document presented the FSCA’s work programme for sustainable finance with five pillars, supported by capacity building, research and stakeholder engagements, regulatory and supervisory framework development, and coordination and cooperation with other stakeholders.
The FSCA will engage, coordinate, and cooperate with stakeholders as it implements its sustainable finance programme of work. Insights from stakeholders will inform further refinement and integration within the regulatory and supervisory landscape.
The publication is available on this link.
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