Legal & Regulatory News

EBA publishes survey on credit institutions’ disclosure of information on ESG risks

The European Banking Authority (EBA) has published an online survey (the Survey) to collect information on institutions’ current practices and views regarding the disclosure of information on environmental, social and governance (ESG) risks. The Survey is voluntary and is addressed to large credit institutions that will be required to disclose prudential information on ESG risks.

The Survey is part of the EBA’s work to develop draft implementing technical standards on Pillar 3 disclosure of prudential information on ESG risks by institutions. It will also be used to monitor the short-term expectations specified in the EBA Action Plan on Sustainable Finance. The survey consists of three main parts:

• Part 1: general questions on the current status of ESG disclosure.
• Part 2: questions on the interaction between Pillar 3 disclosure and policy initiatives.
• Part 3: forward-looking questions regarding the implementation of upcoming disclosure requirements as per Article 449a of the Capital Requirements Regulation (CRR).

The deadline for responses is 16 October 2020.

Click here to access the Survey.