EBA Action Plan on Sustainable Finance

In its Action Plan on Sustainable Finance, the European Banking Authority (EBA) describes its approach and timetable for fulfilment of EBA mandates relating to environmental, social and governance factors (ESG). The Action Plan explains the EBA’s sequential approach, from key indicators, strategies and risk management through to scenario analysis and evidence of any risk weight adjustment. The Action Plan also substantiates the EBA’s expectations that institutions will deal with ESG risks proactively and will not wait until supervisory regulations have been adopted.