Sustainable Finance Practices in South African Retirement Funds
The Financial Sector Conduct Authority (FSCA), in partnership with the International Finance Corporation (IFC), conducted an industry-wide survey into the retirement funds sector. The Sustainable Finance Practices in South African Retirement Funds Survey conducted between January 2020 and August 2020 aimed to take stock of the progress on sustainable investing by South African retirement funds as well as identify barriers and opportunities to unlock the significant potential for green investments in the coming years.
The FSCA will consider the findings carefully as we tailor our continued engagement with retirement funds on this important topic over the next few years to address both the opportunities and constraints that have been articulated through the survey responses.
The responses captured through this survey show that South African retirement funds, despite various known constraints and challenges, are nevertheless well positioned to take advantage of new trends in sustainable investing. These trends can help funds Build Back Better following the impact of COVID-19 and support the transition to a low-carbon, inclusive, and resilient economy, in line also with the global and national drive to support infrastructure funding as part of impact investing.
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