ESBG submitted comments in April 2026 to the European Banking Authority regarding EBA/GL/2020/13 on climate-related risk disclosures. The group opposes greater granularity in classifications such as NACE level activity data and LAU-level geographic data, arguing these measures would not reliably map physical climate risks to bank exposures and would add bureaucracy. It warns that higher data demands could distort risk assessments and create an uneven playing field across EU jurisdictions. ESBG advocates risk-based data collection and asset-level exposure assessment, cautions against introducing ESG-specific capital buffers, and calls for harmonisation and proportionality to avoid undermining the transition financing needs of high-risk sectors. It emphasizes that data granularity should be justified by robust risk evidence and operational practicality and stresses the continued importance of cross-border comparability within the EU framework. ESBG represents 32 members across 27 EU countries and aims to reduce supervisory burden while ensuring credible risk assessment.”,
← Atlas › News