2 Amendments of Sirpa PIETIKÄINEN related to 2016/0360A(COD)
Amendment 985 #
Proposal for a regulation
Article 1 – paragraph 1 – point 116
Article 1 – paragraph 1 – point 116
Regulation (EU) No 575/2013
Article 449 a (new)
Article 449 a (new)
Article 449a Disclosure of the ESG-related risks in annual report 1. From... [3 years after entry into force of this Regulation], institutions disclose the following information on material Environmental, Social and Governance (ESG)-related risks in accordance with Article 84a of Directive 2013/36/EU and, for climate-related risks, in accordance with the recommendations of the Task Force on Climate-related Financial Disclosure: (a) A description of the specific problems relating to material ESG risks, which could arise in the short, medium, or long-term and could have a material or financial impact on the institution, and whether these are physical or transition risks; (b) A description of the processes that are used to determine which risks could have a material or financial impact on the institution and how these are integrated into the overall risk management; (c) A description of significant concentrations of credit exposures against carbon-related assets, if these are material; (d) A description of the impact of material ESG-related risks on the business, strategy and financial planning of the institution, if these are material; (e) A description of the processes that the institution uses to identify, evaluate and manage risks; (f) The parameters that the institution used to evaluate the impact of short-, medium- and long-term climate-related risks on lending and financial intermediary services, if these are material; (g) A description of the role of the board with regard to the evaluation and management of climate-related risks. (h) For climate-related risks, as per the recommendations of the Task Force on Climate-related Financial Disclosure and the Article 2c of the Paris Agreement, a forward-looking scenario analysis disclosing how the lending portfolio aligns with the Paris Agreement’ objective of limiting global warming well below 2°C.
Amendment 1062 #
Proposal for a regulation
Article 1 – paragraph 1 – point 127
Article 1 – paragraph 1 – point 127
Regulation (EU) No 575/2013
Article 501 d a (new)
Article 501 d a (new)