Investing in Africa's Sustainable Future
January 18, 2022 | 1 hr 27 min |
SBFN and the African Pension Supervisors Forum, in collaboration with the World Bank, hosted a webinar to explore collective leadership for sustainable finance by the African pension sector on January 18, 2022.
What steps is the African pension sector taking to invest in a sustainable future for the continent? Hear firsthand, practical experiences from African pension fund regulators and supervisors from Kenya and South Africa, as well as South Africa’s Government Employees Pension Fund (GEPF) and Eskom Pension and Provident Fund (EPPF), who are responding to new trends in ESG, sustainable finance, and climate change to build a better future for their beneficiaries. The African Pension Supervisors Forum, established in 2019, is made up of pension supervisory authorities from across the region and chaired by the Retirement Benefits Authority (RBA) of Kenya. The Forum aims to steer the development of the pension sector in Africa, addressing the challenges that are particularly pertinent to the region. The webinar features latest research from the World Bank on ESG disclosure by African pensions and listed companies. Speakers shared their visions and tools for pension funds to promote sustainable development, contribute to the SDGs, and mobilize national and regional collaboration. They also confirmed the critical importance of ESG risk management, sustainability reporting, and climate risk management as foundations for pension funds to achieve their economic and social responsibilities to their stakeholders. The webinar is part of SBFN’s webinar series and reflects SBFN’s new expanded focus on national and regional enabling frameworks for sustainable finance across all parts of the financial sector ecosystem, including pensions and capital markets. For more on sustainable finance across emerging markets, see SBFN’s 2021 Global Progress Report and Country Progress Reports.