Verse’s Post

The guidelines set out requirements for institutions regarding the identification, measurement, management, and monitoring of ESG risks. https://lw.link/YGUwes

My main take-aways so far: all banks (except small and non-complex banks) need to: - prepare for proper ESG management by end of 2025 (technically, 11 Jan 2026) and - have a transitional plan towards a low-carbon economy by then. We are about to analyze the differences from the draft paper in the next days in detail, but this will be, together with the #Nachhaltigkeitsleitfaden of the #FMA as well as the #ESGdisclosures from the CRR, one of the main challenges for 2025! #sustainablefinance #ESG #KPMG

The #EBA has just published the final Guidelines on the management of 🌱 Environmental, Social and Governance (#ESG) risks. ℹ️ ❔ What do they do? 🔸 They set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at ensuring their resilience in the short, medium and long term. Why are these GLs important? 💡 🤔 1️⃣ They contribute towards ensuring the safety and soundness of institutions as ESG risks intensify and the EU transitions towards a more sustainable economy; 2️⃣ They specify the content of plans to be prepared by institutions with a view to monitoring and addressing the financial risks stemming from ESG factors; 3️⃣ They support the preparedness of institutions for the transition. Get the full picture here: https://europa.eu/!FCJpND

The #EBA has just published the final Guidelines on the management of 🌱 Environmental, Social and Governance (#ESG) risks. ℹ️ ❔ What do they do? 🔸 They set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at ensuring their resilience in the short, medium and long term. Why are these GLs important? 💡 🤔 1️⃣ They contribute towards ensuring the safety and soundness of institutions as ESG risks intensify and the EU transitions towards a more sustainable economy; 2️⃣ They specify the content of plans to be prepared by institutions with a view to monitoring and addressing the financial risks stemming from ESG factors; 3️⃣ They support the preparedness of institutions for the transition. Get the full picture here: https://europa.eu/!FCJpND

#EBA’s #Final #Guidelines on the management of #ESG #risks : The European Banking Authority (EBA) published on 9 of January its final Guidelines on the management of Environmental, Social and Governance (ESG) risks. The Guidelines set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at ensuring their resilience in the short, medium and long term.

The #EBA publishes its final #Guidelines on the management of #ESG risks 9 January 2025 The European Banking Authority (EBA) today published its final Guidelines on the management of Environmental, Social and Governance (ESG) risks. The Guidelines set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at ensuring their resilience in the short, medium and long term. #climate #sfdr #csrd #csddd #efrag #esrs #sustainability https://lnkd.in/d5Sxv9hE

The European Banking Authority (EBA) published its final Guidelines on the management of Environmental, Social and Governance (#ESG) risks. The Guidelines set out #requirements for institutions for the #identification, #measurement, #management and #monitoring of ESG #risks, including through plans aimed at ensuring their resilience in the short, medium and long term. In partucular, institutions, based on regular and comprehensive materiality assessments of ESG risks, should ensure that they are able to properly identify and measure ESG risks through sound data #processes and a combination of #methodologies, including exposure-, portfolio- and sector-based, portfolio alignment and scenario-based methodologies.

The European Banking Authority (EBA) has rolled out comprehensive ESG risk guidelines, marking a transformative step for financial institutions in the EU. From integrating ESG into governance and strategy to enhancing disclosure standards, these guidelines aim to align the financial sector with net-zero goals by 2050. 💡 Key Takeaways for Financial Reporting Professionals: Embed ESG risks into broader risk frameworks. Align disclosures with regulations like CSRD and SFDR. Use the June 2026 compliance deadline to build robust reporting systems. By proactively adopting these standards, financial institutions can ensure compliance while gaining a competitive edge in sustainable finance. Ready to lead the change? 🚀 #Sustainability #ESG #RiskManagement #FinanceLeadership #FutureOfFinance

Banks need to adopt a comprehensive approach to compliance and get involved in ESG given new regulations kicking into force over the next years. In our recent paper, we analyze how compliance functions can help banks take a leading position in their strategic response to ESG regulations as well as attract top talent. #ESG #Compliance #RiskManagement

Banks need to adopt a comprehensive approach to compliance and get involved in ESG given new regulations kicking into force over the next years. In this recent paper, I co-authored with Alexander Peitsch, Radka Margitova and Allen Meyer, we analyze how compliance functions can help banks take a leading position in their strategic response to ESG regulations as well as attract top talent. #ESG #Compliance #RiskManagement