Europejski Urząd Nadzoru Bankowego, Sprawozdanie na temat roli ryzyka środowiskowego i ryzyka społecznego w ramach ostrożnościowych

EBA/REP/2023/34

OCTOBER 2023

REPORT

ON THE ROLE OF ENVIRONMENTAL AND SOCIAL RISKS IN THE PRUDENTIAL FRAMEWORK

Executive Summary

Risks stemming from environmental and social issues are changing the risk picture for the financial sector. Economies and societies are increasingly facing the complex and severe consequences of climate change, biodiversity loss, resource depletion, inequality, migration and other environmental and social concerns. Through their effect on traditional categories of financial risks, such as credit, market and operational risks, environmental and social factors are expected to more significantly contribute to risks to both individual institutions and financial stability as a whole. This highlights the need to enhance the prudential framework to better account for environmental and social risks.

On 2 May 2022, the EBA published a DP, which initiated the discussion on the appropriateness of the current Pillar 1 framework to address those new risks. This report is the...