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Financial Sector

Charter Council

Amended FSC Series FS500

Socio-economic development and consumer education scorecard

The following table represents the criteria and method used for deriving a score for SED and CE

Element Target for Foreign branches of International Banks, SAVCA members and Reinsurers Target for other Institutions Points
2.1 Annual value of all Qualifying Socio-Economic Development contributions by the measured entity as a percentage of NPAT 0.7% 0.60% 3
2.2 Annual value of all Qualifying Consumer Education contributions by the measured entity as a percentage of NPAT 0 0.40% 2
Total 0.7% 1.00% 5
2.3 Bonus Points
2.3.1 Additional CE contributions made by the measured Entity as a percentage of NPAT 0.10% 0.10% 1
2.3.2 Grant contribution to Fundisa Retail Fund and other similar initiatives 0.20% 0.2% 2
For further information you can download the full document.