FEBEA ANSWERS TO CONSULTATION ON THE ECB DRAFT GUIDE ON CLIMATE RELATED AND ENVIRONMENTAL RISKS

FEBEA ANSWERS TO CONSULTATION ON THE ECB DRAFT GUIDE ON CLIMATE RELATED AND ENVIRONMENTAL RISKS
  • Post category:POSITIONS

FEBEA, thanks to the inputs provided by its members, has submitted an answer to the ECB public consultation on the draft guide on climate-related and environmental risks.

FEBEA answer’s underlines in particular the need for:

– proportionality, taking in consideration the capacity of local, community-rooted financial intermediaries;

– a flexible, bottom-up approach in line with the capabilities of final beneficiaries;

– a long term, quantitative, consistent impact measurement methodology;

– an adequate level of knowledge and understanding of climate risks and ESG issues at management level.