In 2020, the UK Partnering for Accelerated Climate Transitions programme (UK PACT) launched the South Africa-UK PACT country programme to support action in just transition pathways and a low-carbon economic recovery.
The project seeks to address barriers to the analysis and reporting of climate-related financial risks and opportunities in line with the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), which aims to improve and increase reporting of climate-related financial information worldwide. The FSB is an international body that monitors and makes recommendations about the global financial system.
The project seeks to develop detailed, useful and timeless climate-related financial disclosures that can influence investment decisions in South Africa.
The final video (5:26) in this six-part series provides further information about the South Africa-UK PACT country programme and links to the project’s resources.
Part one (3:24) of the series explained the two main types of risk presented by climate change: physical risk and transition risk.
Part two (2:27) looked at three risks to the sustainability of companies: policy risk, liability risk, and reputational risk.
Part three (3:03) discussed climate-related financial disclosures.
Part four (3:32) looked at the Task Force on Climate-related Financial Disclosures’ recommendations for how companies should disclose consistent and meaningful climate-related information to lenders, insurers, investors and other stakeholders.
Part five (3:43) discusses climate-related financial disclosure in South Africa.
