This paper, Experience and Lessons from South Africa, provides an outline of South Africa’s financial sector, the environmental and social issues it faces, the response of government and financial regulators and the extent to which has resulted in measurable sustainable investment flows.
In South Africa environmental, social and governance (ESG) considerations appear on the agenda of strategic discussions and are part of the financial sector’s mindset. Key initiatives include the Financial Sector Charter, JSE Integrated Reporting requirements, JSE Social Responsibility Index; United Nations Principles for Responsible Investments (PRI), Code of Responsible Investment for South Africa (CRISA), and the Pension Fund Act (Regulation 28).