No data available for the deliverable: Develop a national green finance classification system.
Summary
The taxonomy framework was piloted in Q1 2025 with key institutions. A broader rollout is planned to align South Africa with global sustainability standards.
View DetailsIs it working?
The reform is advancing, with strong policy support, but requires further scaling and integration. The taxonomy will become the standard for sustainable investment classification.
Actions
The taxonomy is in its early stages, with positive industry response, but broader adoption and impact assessment are pending.
Are there plans?
The pilot is under way, with industry engagement and reporting frameworks in development and feedback being incorporated.
Is it on the agenda?
The FSCA, National Treasury and industry have prioritised this reform.
Goals
To provide a common classification system for green finance, guiding sustainable investment and reporting.
Departments / Govt Institutions
Financial Sector Conduct Authority (FSCA) National Treasury South African Reserve Bank (SARB)
Summary
The taxonomy framework was piloted in Q1 2025 with key institutions. A broader rollout is planned to align South Africa with global sustainability standards. National Treasury, SARB, FSCA and stakeholders have developed a national green finance classification for investments, reporting and supervision. The national taxonomy has been released for public and sector use. The FSCA guides reviews and market adoption. OECD and Task Force on Climate-related Financial Disclosures (TCFD) inputs were incorporated.
Is it working?
The reform is advancing with strong policy support but requires further scaling and integration. The taxonomy will become the standard for sustainable investment classification. Sector-wide adoption progressing with ongoing updates for ESG/TCFD alignment.
Actions
The taxonomy is in its early stages, with positive industry response, but broader adoption and impact assessment are pending. The taxonomy in use, sector uptake is strong and initial sustainability-linked disclosures are improving.
Are there plans?
The pilot is under way, with industry engagement and reporting frameworks in development and feedback being incorporated. There are long-term implementation plans with annual taxonomy reviews and refinement, including stakeholder engagement.
Is it on the agenda?
The FSCA, National Treasury and industry have prioritised this reform. Official sector workstreams (National Treasury, SARB, FSCA) treat taxonomy as priority for sustainable finance.
Goals
To provide a common classification system for green finance, guiding sustainable investment and reporting by creating a standardised green finance definitions and disclosure.
Departments / Govt Institutions
Financial Sector Conduct Authority (FSCA) National Treasury South African Reserve Bank (SARB)
Summary
The taxonomy framework was piloted in Q1 2025 with key institutions. A broader rollout is planned to align South Africa with global sustainability standards. National Treasury, SARB, FSCA and stakeholders have developed a national green finance classification for investments, reporting and supervision. The national taxonomy has been released for public and sector use. The FSCA guides reviews and market adoption. OECD and Task Force on Climate-related Financial Disclosures (TCFD) inputs were incorporated.
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Is it working?
The reform is advancing with strong policy support but requires further scaling and integration. The taxonomy will become the standard for sustainable investment classification. Sector-wide adoption progressing with ongoing updates for ESG/TCFD alignment.
Actions
The taxonomy is in its early stages, with positive industry response, but broader adoption and impact assessment are pending. The taxonomy in use, sector uptake is strong and initial sustainability-linked disclosures are improving.
Are there plans?
The pilot is under way, with industry engagement and reporting frameworks in development and feedback being incorporated. There are long-term implementation plans with annual taxonomy reviews and refinement, including stakeholder engagement.
rn
Is it on the agenda?
The FSCA, National Treasury and industry have prioritised this reform. Official sector workstreams (National Treasury, SARB, FSCA) treat taxonomy as priority for sustainable finance.
Goals
To provide a common classification system for green finance, guiding sustainable investment and reporting by creating a standardised green finance definitions and disclosure.
Departments / Govt Institutions
Financial Sector Conduct Authority (FSCA) National Treasury South African Reserve Bank (SARB)
No data available for the deliverable: Develop a national green finance classification system.
No data available for the deliverable: Develop a national green finance classification system.
No data available for the deliverable: Develop a national green finance classification system.
No data available for the deliverable: Develop a national green finance classification system.