WWF urges central banks in Africa to integrate green practices into financial regulation

Recent research by the WWF Sustainable Financial Regulations and Central Bank Activities (SUSREG) reveals that several central banks and financial supervisors are actively incorporating “green” practices into their financial regulation and supervision. This effort aims to integrate climate change and biodiversity considerations into daily decision-making processes to mitigate potential future financial risks related to climate change and environmental harm.

However, the SUSREG assessment indicates that countries such as Kenya, Morocco, South Africa, and Zambia have less than 50% alignment in climate and nature considerations in banking supervision, central banking, and insurance supervision.