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EAPB position - EBA Discussion Paper on management and supervision of ESG risks

This Discussion Paper provides a comprehensive proposal on how ESG factors and ESG risks could be included inthe regulatory and supervisory framework for credit institutions and investment firms. The paper identifies forthe first time common definitions of ESG risks, building on the EU taxonomy and an overview of currentevaluation methods. It also outlines recommendations for the incorporation of ESG risks into business strategies,governance and risk management as well as supervision.

TR delegated regulation EAPB position final

The European Association of Public Banks (EAPB) welcomes the opportunity to comment on the draft Delegated Regulation on climate change mitigation and adaptation under Taxonomy Regulation. EAPB members actively contribute to achieving the EU’s climate and sustainability objectives by funding sustainable projects across Europe.

EAPB draft position - Draft Delegated Regulation on climate change mitigation and adaptation

On 20 November 2020, the European Commission launched a public consultation on the draft Delegated Regulation that specifies the technical screening criteria under which specific economic activities qualify as contributing substantially to climate change mitigation and climate change adaptation and for determining whether those economic activities cause significant harm to any of the other relevant environmental objectives. Please find attached EAPB draft response to the public consultation. The draft position is based on the input received from EAPB members.

Sustainable finance – obligation for certain companies to publish non-financial information

It makes sense to differentiate between NFU and FU as regards non-financial disclosure obligations of large companies provided for in Art. 8, taking into account their special fea-tures, as business activities and accounting differ. For FU, appropriate implementing rules depend on the type of taxonomy-compliant business activities. Securities transactions differ from credit provision.