الهيئة العامة للرقابة المالية

Dr. Islam Azzam, FRA Chairman: Decision aligns with public dialogue to streamline operations across various sectors.

FRA Board of Directors chaired by Dr. Islam Azzam, has issued a Resolution extending the deadline for non-banking financial services (NBFS) companies with issued capital or equity exceeding EGP 100 million to submit their mandatory carbon footprint reports. Under the new resolution, the compliance deadline has been extended to December 31, 2026, providing a significant grace period from the previously scheduled cutoff of June 30.

Dr. Islam Azzam stated that this decision aims to ease the burden on the mandated companies, following an extensive public dialogue conducted by the Authority with various market sectors. He emphasized that this step reflects FRA’s ongoing commitment to foster a favorable business environment that enables companies to grow and develop by introducing agile regulatory updates that effectively keep pace with shifting economic dynamics.

Resolution No. 115 of 2026 extends the carbon disclosure and offsetting deadline originally set under Article 1 of Resolution No. 36 of 2026. Companies now have until December 31, 2026 – rather than June 30, 2026 – to submit their Carbon Footprint Reports. The regulation mandates that these reports cover both Scope 1 and Scope 2 emissions and be officially audited by an FRA Validation and Verification Bodies (VVB).

This move comes as part of FRA’s broader strategy to develop the regulatory framework governing non-banking financial activities. The Authority seeks to maintain a precise balance between stimulating market activity and supporting companies in achieving their financial and operational targets, ultimately maximizing the sector’s contribution to national economic growth. This is being executed with an absolute focus on ensuring market stability, maintaining transaction integrity, protecting stakeholder rights and enforcing rules that guarantee market efficiency and transparency.