Overview
FSD Africa and the African Natural Capital Alliance (ANCA), in collaboration with the Johannesburg Stock Exchange (JSE), organized this breakfast event to discuss the importance of natural capital to South Africa’s financial sector and associated risks & opportunities.
This event is part of a series of roadshows that ANCA is hosting across the continent in the lead up to COP27, that will bring together regulators, influential businesses, major financial institutions and policymakers.
At this first roadshow event in South Africa, attendees heard the results of the first study to quantify how nature-related opportunities and risks could impact the value of African financial institutions portfolios.
They heard first-hand learnings from the first African pilots of the Taskforce on Nature-related Financial Disclosures (TNFD), a risk management and disclosure framework to report and act on evolving nature-related risks.
The event was also a chance to discuss what South Africa’s policymakers, regulators and the wider financial system can do to support efforts to shift capital to nature-positive activities.
Oliver Wyman is proud to act as Knowledge and Execution Partner of ANCA and of this event.
Agenda
8:30 AM – Registration and Breakfast
09:00 – Introduction Keynote from the JSE
Leila Fourie – CEO, Johannesburg Stock Exchange
09:10 – Highlights of ‘Nature and financial institutions in Africa: A first assessment of opportunities and risks’ report
Kelvin Massingham – Director of Risk & Resilience, FSD Africa
09:20 – ‘State of Play’ of the TNFD and the importance of engaging with Africa/South Africa to develop
Tony Goldner – Executive Director, Taskforce for Nature Related Financial Disclosures (TNFD)
09:35 – Pilot Highlights and Key Learnings from FirstRand – a South African TNFD ‘champion’
Madeleine Ronquest – Head of Environmental, Social & Climate Risk Management, FirstRand Group
09:50 – Panel Discussion: Importance of Natural Capital to South Africa’s Financial Sector and Associated Risks & Opportunities
Moderator:
- Sandra Villars – Senior Advisor, Oliver Wyman
Panelists:
- Saphira Patel – Acting Head, Environmental and Social Sustainability Unit, Development Bank of Southern Africa (DBSA)
- Abel Sakhau – Chief Sustainability Officer, Sanlam
- Tanya Dos Santos – Global Head of Sustainability, Investec
- Shameela Ebrahim – Group Chief Sustainability Officer, JSE Group
- Annabel Ross - Senior Programme Manager, Banking Environment Initiative, Cambridge Institute for Sustainability Leadership
10:40 – Closing Comments
Kelvin Massingham – Director of Risk & Resilience, FSD Africa
10:45 – Networking and End
Venue
Johannesburg Stock Exchange
1 Exchange Square, 2 Gwen Lane,
Sandton, Johannesburg
South Africa
and Virtually
