The EBA
is working on how to incorporate environmental, social and corporate governance risks into the European banking regulation and supervision framework. In December 2019, it published its Action Plan on Sustainable Finance, setting out the various mandates it has in this area and the delivery dates. Moreover, the action plan urges banks to be proactive in the management of these risks and in the related information they disclose to third parties.
The EBA publications on sustainable finance include most notably:
- Public consultation on draft Guidelines on the management of ESG risks - 2024
- Report on the role of environmental and social risks in the prudential framework of credit institutions and investment firms - 2023
- EBA Discussion paper on the role of environmental risk in the prudential framework - 2022
- EBA final draft implementing technical standards (ITS) on Pillar 3 disclosures on ESG risks - 2022
- Report on management and supervision of ESG risks for credit institutions and investment firms – 2021
- Mapping climate risk: Main findings from the EU-wide pilot exercise -2021
- Opinion to EC Call for Advice on Article 8 Taxonomy Regulation - 2021
- EBA staff paper sustainable finance market practices - 2020