The Egypt Financial Regulatory Authority held a workshop through its Regional Center for Sustainable Finance to explain how non-banking financial companies must implement new requirements to measure, disclose and offset their carbon emissions via purchases of carbon credits through the regulated voluntary carbon market. The session focused on companies with issued capital or net equity above EGP 100 million and covered the obligation to produce annual “carbon footprint” reports covering Scope 1 and Scope 2 emissions, with data verified by an FRA-registered assurance body. Firms must submit their first report no later than 30 June 2026 and then submit reports after each company’s financial year-end. The rules also require companies to offset 20% of the total annual emissions evidenced in the report by buying carbon credits through the regulated voluntary carbon market within 90 days of filing the report with the FRA; the workshop also showcased the FRA’s Climate Project Registry and the registered emissions-reduction projects listed on it.
Egypt Financial Regulatory Authority 2026-04-26
Egypt Financial Regulatory Authority explains new Scope 1 and 2 carbon reporting and 20% offset requirement for non-banking financial firms
The Egypt Financial Regulatory Authority, through its Regional Center for Sustainable Finance, held a workshop outlining new obligations for non-banking financial companies to measure, disclose and offset carbon emissions via the regulated voluntary carbon market. Companies with issued capital or net equity above EGP 100 million must produce FRA-verified annual Scope 1 and Scope 2 carbon footprint reports and offset 20% of reported emissions by purchasing carbon credits, with the workshop also highlighting the FRA’s Climate Project Registry.