Sustainable Finance

WSBI-ESBG  member banks recognise that climate change is one of the main collective hazards ever experienced worldwide.

Move towards sustainable finance

Sustainable finance supports economic growth while reducing pressures on the environment. It tackles pollution and focuses on green-house gas emissions by minimising waste and improving efficiency in the use of natural resources. It is the provision of finance to investments taking into account environmental, social and governance (ESG) considerations. ​​The savings and retail banking model creates growth and jobs as it finances SMEs – ​the EU engines of growth. They also play a role in opening their network to everyone, and help to educate citizens in the region in which they operate.

Our position on Sustainable Finance

Regulatory actions in the financial sector must prioritize the completion and implementation of the regulation developed in the 2018 Sustainable Finance Action Plan and what is provided in the EU Green Deal and the upcoming Renewed Sustainable Finance Strategy. Overlaps and misalignments between regulations as well as misalignments in implementation deadlines of interdependent regulations should be avoided.

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Our latest content on financial inclusion Sustainable Finance

ESBG provides overall assessment on clients’ sustainability preferences under the current framework by replying to the ESMA’s Call for Evidence

Sustainable Finance/ On September 13, the ESBG submitted its response to the European Securities and Markets Authority

ESBG’s response to the Commission call for feedback on its proposal for the regulation on the transparency and integrity of ESG rating activities

On 3 August 2023, ESBG responded to the Commission call for feedback on its ESG ratings proposal. ESBG welcomes the objective to tackle

ESBG stresses on the need to elaborate a clear and coherent framework in its response to the ESAs on the review of SFDR

On 3 July 2023, ESBG responded to the ESAs (the three European Supervisory Authorities: EBA, EIOPA and ESMA) Consultation Paper on the review

ESBG and 36 business associations, sign a letter on CSDD ahead of the EP Plenary voting

The European economy, including SMEs which will be impacted even if formally out of the scope, need a workable due diligence framework

ESBG responds to the Commission’s consultation on its Taxonomy Environmental Delegated Act

On 3 May, ESBG responded to the Commission’s consultation on its new set of EU taxonomy criteria for economic activities that

ESBG revises its position paper on the CSDDD in accordance with the recent negotiations

Given the developments of the recent political negotiations, ESBG has decided to update its position paper on the Corporate Sustainability Due Diligence Directive (CSDDD)