Professionals

25 September 2020

The CSSF informs large credit institutions which have issued securities that are admitted to trading on a regulated market of any Member State, that the European Banking Authority (EBA) has published an online survey to receive input on their practices and views in the area of disclosure of information on environmental social and governance (ESG) risks.

This online survey supports the EBA mandate to develop draft implementing technical standards (ITS) specifying uniform disclosure formats, and associated instructions for the Pillar 3 disclosure of prudential information on ESG risks. These uniform disclosure formats aim to collect sufficiently comprehensive and comparable information, which will allow users to assess institutions’ risk profiles.

The online survey is run on a voluntary basis and is addressed to large credit institutions which have issued securities that are admitted to trading on a regulated market of any Member State, which will be required to disclose prudential information on ESG risks according to Article 449a of the Capital Requirements Regulation (CRR).

Please find below a link to the internet site giving access to the survey:

https://eba.europa.eu/regulation-and-policy/transparency-and-pillar-3/survey-esg-disclosure

The deadline is 16 October 2020. We encourage the credit institutions concerned to participate in the survey.