EBA publishes its roadmap on sustainable finance

The European Banking Authority (EBA) published on 13th December 2022 its roadmap outlining the objectives and timeline for delivering mandates and tasks in the area of sustainable finance and environmental, social, and governance (ESG) risks.

Through various mandates as described in this roadmap, the EBA is requested to take concrete actions in a wider set of policy areas in a now more mature framework for sustainable finance. This is expected to be achieved by adding new areas of focus, including aspects related to labeling of sustainable products, greenwashing, as well as supervisory reporting, and enhanced risk monitoring framework.

In this alert, you will read more about the key objectives and key milestones of the EBA’s roadmap on sustainable finance, what banks will be required to do, and how Deloitte can help.