European banks have made progress on disclosing climate risks. However, they urgently need to improve the quality of those disclosures, as tighter EU rules will take effect this year. Non-compliance will trigger supervisory action.

Press release https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230421~213bf10fbe.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1649323238298722304