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ARTICLE · 09 DECEMBER 2022

ESG In The Banking Sector - ECB Good Practices And Deadlines For The Integration Of ESG Risks

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On 2 November 2022, the European central bank ("ECB") published its thematic review and good practices for climate-related and environmental risks.

LuxembourgEnvironment

ON 2 NOVEMBER 2022, THE EUROPEAN CENTRAL BANK ("ECB") PUBLISHED ITS THEMATIC REVIEW AND GOOD PRACTICES FOR CLIMATE-RELATED AND ENVIRONMENTAL RISKS.

The two documents relating to how banks are dealing with climate and environmental risks:

  • a document titled "Walking the talk - Banks gearing up to manage risks from climate change and environmental degradation", which includes the results of the ECB's 2022 thematic review on climate-related and environmental risks ("2022 Thematic Review"); and
  • a document titled "Good practices for climate-related and environmental risk management", which includes observations from the 2022 Thematic Review ("2022 Good Practices").

Both documents should be read in conjunction with the ECB Guide on climate-related and environmental risks published in November 2020 ("ECB Guide").

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