•  Given these objectives, we aim, as far as possible, to invest our financial portfolios in line with our policy for responsible investing, and notably, in line with the Paris Agreement. •  The metrics are based on current carbon emissions, whereas the Paris Agreement sets a goal of climate neutrality by 2050.
Second, South Africa’s inflation target credibility helped to dampen the initial waves of global inflation, keeping inflation expectations muted for some time.17 Third, the depth of our domestic capital markets has limited exposure to swings in hard currency interest rates, while South Africa’s net international investment position has remained positive in rand terms, suggesting little needed change in what is a beneficial level of international financial integration.