Regulatory Alerts2025-10-14
Guidance Note on Climate Disclosures for Banks (G3/2025)
The South African Reserve Bank’s Prudential Authority has issued updated guidance requiring banks, foreign branches, and controlling companies to disclose comprehensive climate-related financial risks aligned with BCBS and IFRS standards. The framework mandates detailed qualitative and quantitative reporting across governance, strategy, risk management, transition and physical risks, financed emissions, and sector-specific exposures to ensure transparent capital allocation. While currently voluntary, the authority expects proactive implementation and anticipates these disclosures will become mandatory as corporate reporting standards and data quality mature.
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