JC 2021 22 - Joint consultation paper on taxonomy-related sustainability disclosures.pdf
Joint consultation paper on taxonomy-related sustainability disclosures
Joint consultation paper on taxonomy-related sustainability disclosures
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today issued a Consultation Paper seeking input on draft Regulatory Technical Standards (RTS) regarding disclosures of financial products investing in economic activities that contribute to an environmental investment objective. These economic activities are defined by the EU Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation).
The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on the supervisory reporting and disclosures of investment firms. These final draft ITS, which are part of the phase 1 mandates of the EBA roadmap on investment firms, will ensure a proportionate implementation of the new prudential framework for investment firms taking into account the different activities, sizes and complexity of investments firms.
Annex I - KPIs for credit institutions (Article 8 Taxonomy)
Annex II - KPIs for investment firms (Article 8 Taxonomy)
Consultation paper on draft ITS on Pillar 3 disclosures on ESG risks
Annex I - draft ITS on Pillar 3 disclosures on ESG risks (templates)
Annex II - EBA draft ITS on Pillar 3 disclosures on ESG risks (instructions)
Factsheet - ESG disclosures
Report - Advice to EC on Disclosures under Article 8 Taxonomy Regulation
Opinion - Advice to EC on Disclosures under Article 8 Taxonomy Regulation
The European Banking Authority (EBA) published today an Opinion in response to the Commission’s call for advice on KPIs and related methodology for the disclosure by credit institutions and by investment firms of information on how and to what extent their activities qualify as environmentally sustainable in accordance with the EU Taxonomy. In the advice, the EBA underlines the importance of the green asset ratio, supported by other KPIs, as a key means to understand how institutions are financing sustainable activities and meeting the Paris agreement targets.
The European Banking Authority (EBA) published today a consultation paper on draft implementing technical standards (ITS) on Pillar 3 disclosures on Environmental, Social and Governance (ESG) risks. The draft ITS put forward comparable disclosures that show how climate change may exacerbate other risks within institutions’ balance sheets, how institutions are mitigating those risks, and their green asset ratio on exposures financing taxonomy-aligned activities, such as those consistent with the Paris agreement goals.
EBA response to EC Call for Advice on Article 8 Taxonomy Regulation
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have today published a joint supervisory statement on the effective and consistent application and national supervision of the Regulation on sustainability-related disclosures in the financial services sector (SFDR). The statement aims to achieve an effective and consistent application and national supervision of the SFDR, promoting a level playing field and protecting investors.
Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation
Final Draft ITS on disclosure of indicators of global systemic importance by G-SIIs