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Text applicable on 7 Oct 2026Consolidated version of 8 Jan 2023Applies in partUnofficial text · authentic on EUR-Lex (opens in a new tab)

Applies only in part. Under Article 27 of Implementing Regulation (EU) 2024/3172, this act ceased to apply from 1 Jan 2025, except for:

  • Article 15, until 31 December 2026, only for the purposes of Article 16 of Implementing Regulation (EU) 2024/3172
  • Annex XXIX, until 31 December 2026, only for the purposes of Article 16 of Implementing Regulation (EU) 2024/3172
  • Annex XXX, until 31 December 2026, only for the purposes of Article 16 of Implementing Regulation (EU) 2024/3172

It is repealed with effect from 31 Dec 2026. Current requirements: IR2024-3172 (ITS on Pillar 3 disclosure).

This provision no longer applies (since 1 Jan 2025).

IR2021-637 Article 18a(1)(e) — as applicable on 7 Oct 2026 (version of 8 Jan 2023)

Article 18a

Disclosure of environmental, social and governance risks (ESG risks)

On this provision: 2 EBA Q&As

1.

Institutions shall disclose the information referred to in Article 449a of Regulation (EU) No 575/2013 as follows:

(a)

qualitative information on environmental, social and governance risks by using tables 1, 2 and 3 of Annex XXXIX to this Regulation and by following the instructions set out in Annex XL to this Regulation;

(b)

quantitative information on climate change transition risk by using Templates 1 to 4 of Annex XXXIX to this Regulation and by following the instructions set out in Annex XL to this Regulation;

(c)

quantitative information on climate change physical risks by using Template 5 of Annex XXXIX to this Regulation and by following the instructions set out in Annex XL to this Regulation;

(d)

quantitative information on mitigating actions associated with economic activities that qualify as environmentally sustainable under Articles 3 of Regulation (EU) 2020/852 (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((1)) towards those counterparties that are subject to Articles 19a (opens EUR-Lex in a new tab) or 29a (opens EUR-Lex in a new tab) of Directive 2013/34/EU (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((2)), towards households, and towards local governments as referred to in Part 1, point 42(b), of Annex V to Commission Implementing Regulation (EU) 2021/451 ((3)), by using Templates 6, 7 and 8 of Annex XXXIX to this Regulation and by following the instructions set out in Annex XL to this Regulation;

(e)

quantitative information on other mitigating actions and exposures to climate-change-related risks that do not qualify as environmentally sustainable economic activities under Article 3 (opens EUR-Lex in a new tab) of Regulation (EU) 2020/852 (opens EUR-Lex in a new tab) but support counterparties in the transition or adaptation process for the objectives of climate change mitigation and climate change adaptation, by using Template 10 of Annex XXXIX to this Regulation and by following the instructions set out in Annex XL to this Regulation.

2.

Institutions may choose to disclose quantitative information on mitigating actions and exposures on climate-change-related risks associated with economic activities that qualify as environmentally sustainable under Article 3 (opens EUR-Lex in a new tab) of Regulation (EU) 2020/852 (opens EUR-Lex in a new tab), towards counterparties that are non-financial corporations as referred to in Part 1, point 42(e) of Annex V to Implementing Regulation (EU) 2021/451, that are not subject to the disclosure obligations laid down in Articles 19a (opens EUR-Lex in a new tab) or 29a (opens EUR-Lex in a new tab) of Directive 2013/34/EU (opens EUR-Lex in a new tab) and that are not subject to the disclosure obligations laid down in Commission Implementing Regulation (EU) 2021/2178 (opens EUR-Lex in a new tab) ((4)), by using Template 9 of Annex XXXIX to this Regulation and by following the instructions set out in Annex XL to this Regulation.

For the calculation of the percentage of the exposures to activities that comply with the requirements laid down in Article 3 (opens EUR-Lex in a new tab) of Regulation (EU) 2020/852 (opens EUR-Lex in a new tab) (taxonomy-aligned exposures) towards those counterparties, institutions:

(a)

may, where available, use the information received from their counterparties on a voluntary and bilateral basis through the loan origination, and regular credit review and monitoring processes;

(b)

where the counterparty is not able or willing to provide the data concerned on a bilateral basis, may use internal estimates and proxies and explain in the narrative accompanying the template to what extent those internal estimates and proxies have been used, and which internal estimates and proxies have been applied;

(c)

where they are unable to collect on a bilateral basis the information concerned, or cannot use internal estimates and proxies, or cannot collect that information or use those estimates and proxies in a way that is not overly burdensome for them or their counterparties, may explain that inability in the narrative accompanying the template.

For the purposes of point (a), institutions shall inform their counterparties that the provision of such information is voluntary.

3.

Unless indicated otherwise in the instructions set out in Annex XL to this Regulation, institutions shall, as of 31 December 2022, disclose the information referred to in Article 449a of Regulation (EU) No 575/2013 on the following dates:

(a)

for annual disclosures: 31 December;

(b)

for semi-annual disclosures: 30 June and 31 December of each year.