The South Africa-UK PACT-funded project Aligning South Africa’s climate-related financial disclosure with global best practice undertook a modeling exercise that clearly showed that climate risk is a material financial risk for listed companies, asset managers and asset owners in South Africa. Timeously, the JSE recently launched its new draft Climate Change Disclosure Guidance to help manage this risk in December 2021. The JSE will accept public comments on the draft guidance until the end of February.

We’d like to share our reflections on the draft Climate Change Disclosure Guidelines with you and facilitate an open discussion on whether you believe the draft guidelines meet your needs as asset managers and retirement funds, while the comment period is still open.

We’d also like to take the opportunity to briefly introduce you to the tools and training material the project developed to support asset managers and retirement funds to effectively analyse, manage and report climate-related risks and opportunities.