EBA · 2023_6893 Rejected question

Possible mis-alignment between the Template 7 of Pillar 3 and Template 1 of the EU Taxonomy Article 8 reporting for credit institutions

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
n.a.
Topic
Transparency and Pillar 3
Submitted by
Credit institution
Submitted
2023-09-25
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Question

According to the Template 7 of Pillar 3, credit institutions are required to provide the breakdown of activities that are aligned with the objective of climate change adaptation between "specialised lending, adaptation, and enabling activity" . However, Template 1 of the EU Taxonomy (GAR covered assets) doesn't have a column for "adaptation"  under the objective of climate change adaptation. Also, the EU Taxonomy uses the word "use of proceeds" in place of "specialised lending".

Background

1. We would appreciate it if you could provide guidance on the  "adaptation"  column, should we include "adaptation"  in the EU Taxonomy template or remove "adaptation"  from Template 7 of Pillar 3? 2. Does EBS use the terms "specialised lending"  and "use of proceeds"  interchangeably, if not please suggest guidance on these 2 terms.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2023_6893

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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