In a significant move towards sustainable finance, the European Banking Authority (EBA) has issued comprehensive Environmental, Social, and Governance (ESG) risk management guidelines. These guidelines, mandated under Article 87a(5) of Directive 2013/36/EU, establish minimum standards and reference methodologies for financial institutions to identify, measure, manage, and monitor ESG risks. They aim to enhance the resilience of banking institutions while aligning with the broader regulatory objectives of the European Union.You can download the report at this LINK.
