NFU Consultation Reply to EBA on Pillar 3 Disclosures on ESG Risks (2021)
Summary
The European Banking Authority (EBA) is implementing a new policy strategy regarding institutions’ Pillar 3 disclosures. The new Pillar 3 disclosures aim to promote transparency and enhance institutions’ Environmental, Social, or Governance risks (ESG) management. The EBA encourages institutions to foster awareness of the important role ESG risks play in the transition to a greener economy.
Nordic Financial Unions (NFU) replied to the EBA Consultation Paper on Draft ITS Pillar 3 Disclosures on ESG risks, emphasising the perspective of Nordic financial employees.