Archive

EBA: 80% of banks considering ESG in credit risk

Four in five banks (over 80%) in the European Economic Area (EEA) are factoring ESG into credit risk, a survey by the EBA has suggested.

EU climate benchmarks 'de facto mandatory' for Article 9 funds

The EU Paris-aligned and Climate Transition (PACT) benchmarks have been effectively made mandatory for investment funds to be judged among the most sustainable under the EU Sustainable Finance Disclosure Regulation (SFDR).

EBA to include ESG risk in supervision changes

The European Banking Authority (EBA) will publish disclosure requirements on ESG risks later this year following a consultation on the topic it launched in March.

Just 8% of EU bank lending is EU Taxonomy aligned, says EBA

BofE announces climate stress tests launch in June after Covid-19 delay

The Bank of England (BofE) has announced that its postponed climate stress tests will now launch in June, after the central bank used the delay due to the Covid-19 pandemic to work on the design of the exercise.

EU launches Sustainable Finance Platform after Taxonomy approval

The European Commission has officially launched a new expert group that will advise the bloc on its final EU Taxonomy criteria for 'green' activities and a potential expansion to cover social objectives and 'brown' activities.

'Alarming' omission of oil and gas from EU financial disclosure rules draft

EU financial regulators have been criticised for appearing to omit oil and gas from its definition of fossil fuel sectors in its draft environmental, social and governance (ESG) disclosure requirements.

ShareAction: Banks 'tinkering around the edges' in response to climate change

Danske Bank and Intesa Sanpaolo have been named as the 'laggards' of the biggest European banks when it comes tackling climate change.

Carney: Prudential regulation should avoid climate policy by 'back door'

Former Bank of England (BoE) governor Mark Carney has warned against using prudential regulation to implement climate policy "by the back door".

ESMA recommends EU develop single set of ESG disclosure standards

The regulator of the EU's securities markets has advised the European Commission to develop 'a single set of international environmental, social and governance (ESG) disclosure standards', to combat what it sees as short-termism among market participants.