Regional Center for Sustainable Finance (RCSF)
Research - 6th of October City, Giza Governorate, Egypt
Regional Center for Sustainable Finance (RCSF) Employees
Regional Center for Sustainable Finance (RCSF) Details
The Regional Center for Sustainable Finance (RCSF) operates under the umbrella of the Financial Services Institute (FSI), the educational arm of the Financial Regulatory Authority in Egypt. It aims at presenting green financial tools to the Non-Banking Financial sector and embed responsible investment policies within the sector's strategies. The RCSF has been established in recognition of the urgency to bridge the finance gap to fulfil the Paris Agreement on Climate Change and the UN 2030 Agenda for Sustainable Development and its 17 SDGs in Egypt and the Middle East and Africa (MEA). The center is part of an ambitious initiative at FRA aimed to bring together all training and educational institutes providing services to NBFIs, within the FRA mandate to support the development of the non-banking financial markets. The RCSF's main objectives are to target the removal of existing market barriers that might hinder the gradual integration of sustainable finance practices, instruments, and management models. It encourages the redirection of private capital flows needed to support the achievement of the 2030 Agenda for Sustainable Development and its 17 SDGs, including climate mitigation and adaptation. It aims to cover investment gaps in the region and build the private sector capacity in issuing and utilizing green finance instruments such as green bonds, social bonds, and sustainability bonds, along with adopting responsible investment and management practices.The center provides sustainable finance related training and technical advisory support – especially in ESG, climate related risk, the Task Force on Climate-related Financial Disclosures (TCFD), and other international practices, alongside conducting awareness-raising events. A high-level advisory board has been created to ensure that the center's strategic direction and services are in alignment with state-of-the-art sustainable finance developments through the provision of advisory opinion and knowledge.
