The EBA is collecting institution’s data on environmental, social and governance risks to set up a monitoring system

EBA announced that it will collect ESG data from large, listed institutions based on their pillar 3 quantitative disclosures on ESG risks. The purpose of this data collection is to enable competent authorities to monitor ESG risks and assist the EBA in fulfilling its ESG mandates, which include setting up a risk monitoring framework and supporting the EC’s Strategy for financing the transition to a sustainable economy (eventid=11446).
The data collection will be temporary and will be discontinued once a supervisory reporting framework on ESG risks is in place. The first annual submission reference date is set for 31 December 2023, with data to be submitted by June 2024. The first semi-annual reference date is 30 June 2024, and data will have to be submitted by 31 December 2024.
The decision is based on the EBA’s tasks set out in Regulation (EU) No 1093/2010 and Article 449a CRR, which requires large institutions with securities listed on regulated markets to disclose information on ESG risks. The data will be collected through a reporting framework called EUCLID (eventid=22269), and the format and procedures for submission are specified in the Decision.
This ad hoc data collection aims to be the least burdensome way to ensure the EBA’s monitoring and assessment of ESG risks while harmonizing and centralizing the data collection process. The collection will continue until the required ESG risk data is available under the supervisory reporting framework.