EBA advises the Commission on KPIs for transparency on institutions’ environmentally sustainable activities, including a green asset ratio.
The European Banking Authority (EBA) published an Opinion in response to the Commission’s call for advice on KPIs and related methodology for the disclosure by credit institutions and by investment firms of information on how and to what extent their activities qualify as environmentally sustainable in accordance with the EU Taxonomy. In the advice, the EBA underlines the importance of the green asset ratio, supported by other KPIs, as a key means to understand how institutions are financing sustainable activities and meeting the Paris agreement targets.
Read more at EBA’s website.