Question ID
2024_7102
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Transparency and Pillar 3
Article
449a
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2022/2453 - ITS on ESG disclosures
Article/Paragraph
Template 3
Type of submitter
Credit institution
Subject matter
Template 3: Banking book - Indicators of potential climate change transition risk: Alignment metrics
Question

Is it allowed to use another scenario than those prescribed by the IEA, as long as it is compatible with 1.5C trajectory and clearly documented in the narratives?

Background on the question

Due to industry specific principles (such as Poseidon Principles) and past commitments, banks have developed transition plans which do not use the NZA scenario prescribed by the IEA but other scenarios which can still be compatible with 1.5C trajectory. In some cases, redeveloping transition plans with new scenario is extremely challenging and would require a fundamental change of the strategy of the bank with respect to certain sectors.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is already explained in the instructions for Template 3 of Annex XL of Regulation (EU) 2021/637.

For further information on the purpose of this tool and on how to submit questions, please see 'Additional background and guidance for asking questions'.

Status
Rejected question