Kenya Mandates Climate Risk Disclosure for All Listed Companies

The Capital Markets Authority (CMA) has made climate risk reporting mandatory for all listed firms and fund managers starting January 2025. The rules align with the Task Force on Climate-related Financial Disclosures (TCFD) and require annual reporting on physical and transition risks, as well as mitigation strategies. Reports must be verified by third parties. Kenya is the first East African country to enforce such transparency. CMA says the data will guide green investment and stabilize markets. Over 70 companies, including Safaricom and KCB, are already piloting disclosures with support from the UNDP and IFC.