EBF Submits Letter to EU Institutions on ESG Regulatory Simplification

EBF LETTER

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Brussels, 1 April 2025 - The European Banking Federation (EBF) has submitted a letter to the European Commission, European Banking Authority (EBA), and the European Central Bank (ECB) regarding the ongoing ESG Omnibus initiative. In the letter, the EBF welcomes the simplification efforts but stresses the need for these changes to be fully reflected in financial sector regulation and supervision. The EBF calls for a comprehensive review of ESG-related regulations to ensure consistency with the Corporate Sustainability Reporting Directive (CSRD) and urges suspension of certain reporting obligations to avoid unnecessary complexity and costs for banks. The letter highlights the importance of clear communication, streamlined ESG risk management expectations, and better facilitation of ESG data access.

You can read the full letter here.

For more information:

Denisa Avermaete, Senior Policy Adviser - Sustainable Finance, D.Avermaete@ebf.eu

About the EBF:

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.