The survey will support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance.
The EBA (European Banking Authority) is soliciting input from banks on their practices and views on information disclosures relating to ESG risks.
The online survey is addressed to large credit institutions that will be required to disclose prudential information on ESG risks, and will support the EBA’s policy work on Pillar 3 disclosure and its wider efforts to develop a robust policy framework in the area of sustainable finance.
Given the variations across institutions on the level, type and location of information disclosed, the EBA seeks input to understand current practices for disclosing ESG risks, future plans regarding Pillar 3 disclosures on ESG risks, and information on the classifications and metrics used.
This survey is part of the EBA’s work to develop draft implementing technical standards (ITS) on Pillar 3 disclosure requirement.
It will also be used to monitor the short-term expectations specified in the EBA Action Plan on Sustainable Finance, including the request for institutions to identify metrics, covering a green assets ratio, that provide transparency on how they are embedding climate change related risks into their organisations.
The survey, available here, is open for input until 16 October 2020.