The Egypt Financial Regulatory Authority held a workshop on “Sustainability Disclosures: From Compliance to Quality – 2025” and presented the results of its annual technical assessment of sustainability and climate disclosures for financial year 2024, signalling a move toward evaluating the quality, depth and real-world decision impact of disclosures rather than focusing primarily on formal compliance. The event also marked the Authority’s first recognition of 13 companies that ranked highest under its assessment methodology. The review covered environmental, social and governance (ESG) sustainability disclosures and disclosures on the financial impacts of climate change in line with the Task Force on Climate-related Financial Disclosures (TCFD), within Egypt’s non-banking financial sector. FRA Chair Mohamed Farid reported that quantitative compliance levels were relatively positive, but the assessment identified a clear gap between “box-ticking” and the quality and depth of content, pointing to the need for stronger institutional capabilities, improved internal systems for data collection and analysis, and a tighter link between disclosure and management and investor decision-making. Egyptian Exchange Chair Islam Azzam highlighted the role of capital markets in supporting high-quality disclosures and the importance for listed companies to provide integrated information on sustainability- and climate-related risks and opportunities.

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