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.