Clarity AI’s Post

🔍 Are You Ready for the Next Phase of EU Pillar 3 Disclosures? Since 2023, large, listed banks have been required to report their ESG risks under the European Banking Authority (EBA)’s Pillar 3 disclosure requirements. 🗓 Key Date Alert: From January 2025, the scope of the Pillar 3 regulation is set to expand to all EU institutions, including over 2,000 Less Significant Institutions (LSIs), with a proportional approach for smaller institutions that is yet to be clarified by the regulator. Curious about how this impacts your institution? Check out the key deadlines in the document below, or explore our detailed breakdown here: https://bit.ly/3Zi2DkC #Pillar3 | #ESG | #sustainability | #esgreporting

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

🌎 How the European Banking Authority is changing the ESG #materiality landscape 💶 Generally, companies mainly manage #ESG issues that are, might, or will be financially material. Understanding the pathways and dynamics of how certain issues become financially material, therefore, is crucial for corporates’ sustainability management (as well as for investors). As the regulatory environment changes, so does the "landscape" of ESG materialities. One factor is of central importance for companies: capital costs and access. More precisely: How do ESG factors influence the investment and lending decisions of banks and financial institutions? And how is this shaped by regulation? Here, the EBA is setting new standards with their „Draft Guidelines on the management of #ESGrisks“. ❗ Every company (and investor) should take a close look at this emerging standard. To be able to proactively adapt its ESG strategy accordingly and secure future capital access ❗ The EBA writes f.e.: „Institutions [banks and financial institutions] should have internal procedures in place to assess the exposure of their counterparties’ activities and key assets to ESG factors […] and the impact of climate change […]. To this end, institutions should ensure that ESG factors […] are properly reflected into their internal risk classification procedures [and] are taken into account in the overall assessment of default risk of a borrower […].“

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets

Banks are facing pressure from all sides - regulators, society and customers - when it comes to providing greater transparency about their role in climate change and other ESG issues. Sustainability reporting can help banks navigate this heightened scrutiny by framing net zero strategies, accelerating execution and measuring progress. Read PwC UK's article to discover three key ways the banking sector can go beyond compliance and use reporting to turn sustainability ambition into action. #Sustainability #SustainabilityReporting #NetZero #Banking #CapitalMarkets