18/07/23 (Agence Europe) – On Tuesday 18 July, the European Banking Authority (EBA) announced that it would be collecting environmental, social and governance (ESG) data from large listed institutions on an ad hoc basis, based on their quantitative information on ESG risks (see EUROPE 13200/14). This collection will provide competent authorities with data to monitor ESG risks and enable EBA to put in place a risk monitoring framework and contribute to the European Commission’s strategy for financing the transition to a sustainable economy. The procedure is temporary and will be discontinued as soon as a prudential reporting framework for ESG risks is in place. The competent authorities will have to submit the institutions’ data to the EBA by June 2024 at the latest. For more information: https://aeur.eu/f/857 (AD)