Regulatory Alerts2021-01-01
FRA Board Resolution No. 108 of 2021 on Disclosure Guidelines for Egyptian Exchange-Listed Companies Regarding ESG Practices and Climate Change Financial Impacts
The Financial Regulatory Authority (FRA) issued Board Resolution No. 108 of 2021 to mandate ESG and TCFD disclosure compliance for companies listed on the Egyptian Exchange. The resolution requires all listed firms to integrate ESG metrics into their annual reports, while those with issued capital or net equity exceeding 500 million Egyptian pounds must additionally report climate-related financial impacts. Companies are granted a compliance grace period until the 2022 fiscal year-end statements and must submit quarterly progress reports starting January 1, 2022.
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