The South Africa Financial Sector Conduct Authority (FSCA) has published two documents under its Sustainable Finance Programme of Work: the FSCA Sustainable Finance Update Report 2026 and a discussion paper on ESG rating services and data providers, with the latter issued for public consultation. The update report sets out progress during the 2025/26 financial year across the programme’s five pillars, covering the green finance taxonomy, disclosure reporting and assurance, market development, active ownership, and consumer education, and builds on the FSCA’s 2023 statement and subsequent sustainable finance publications. The discussion paper summarises the FSCA’s preliminary observations and key considerations on ESG rating services and data products, including transparency, governance and conflicts of interest, and reviews approaches adopted in other jurisdictions. Written comments are requested using the prescribed template, with submissions due by 30 April 2026, and the feedback is intended to inform the ongoing development of South Africa’s sustainable finance regulatory and supervisory framework.
South Africa Financial Sector Conduct Authority 2026-03-31
South Africa Financial Sector Conduct Authority publishes Sustainable Finance Update Report 2026 and launches consultation on ESG rating services and data providers
The South Africa Financial Sector Conduct Authority has published its Sustainable Finance Update Report 2026 and a discussion paper on environmental, social and governance rating services and data providers under its Sustainable Finance Programme. The report outlines 2025/26 progress across five pillars: green finance taxonomy, disclosure, market development, active ownership and consumer education. The discussion paper sets out preliminary observations on transparency, governance and conflicts of interest and reviews approaches in other jurisdictions to inform future sustainable finance regulation and supervision.