The European Banking Authority (EBA) published its response to the European Commission’s consultation on a Renewed Sustainable Finance Strategy.
In its response, the EBA agrees with a wide range of possible EU-level actions to support financing of the transition to a more sustainable European economy while appropriately managing the ESG risks in the financial sector and ensuring high standards of consumer protection. Given their unique position in facilitating capital flows through their lending, investment and advisory roles, credit institutions also have a key role to play in mobilising funds towards sustainable investments.
Read it here.