Regulatory Alerts2026-06-30
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Circular Letter dated June 30, 2026 Regarding the Implementation of the Environmental and Social Risk Management System (ESRMS) within Sustainable Financing Policies and the Guideline for Implementation
The Central Bank of Egypt mandates that all banks implement an Environmental and Social Risk Management System (ESRMS) and integrate climate-related financial risk management into their operations by January 2028. This directive requires banks to establish governance frameworks, conduct environmental and social due diligence, and apply climate scenario analysis to protect financial stability and align with sustainable development goals. Banks must also build internal technical capacities, ensure transparent reporting, and adhere to international standards such as the Equator Principles and TCFD recommendations.
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