National Treasury at The Sustainable Banking Network Annual Conference

In the opening panel of the Sustainable Banking Network’s Annual Conference, entitled Financing SDGs, Building Low-Carbon Economies and Managing ESG Risks – Governors’ Perspectives on Common Challenges and Opportunities the Director General of the National Treasury in South Africa highlighted the significant climate change risks the country is facing and the commitments that the Government and the private sector have initiated to mitigate the economic, environmental and social impacts of climate change.

With IFC’s technical assistance support, the National Treasury convened a working group consisting of financial sector regulatory agencies and industry associations to develop a national strategic framework document on sustainable finance. Publication is expected later in 2019.