The European Banking Authority’s Decision EBA/DC/498 laid the foundation for the standardised collection of environmental, social, and governance (ESG) data. Significant listed institutions are required to collect qualitative and quantitative data on various risk categories twice a year, as at 30 June and 31 December. 

Key elements of these reports involve identifying business areas that are subject to transition risk and documenting measures being taken to mitigate risk. The aim is to ensure that the data collected are consistent and comparable in order to enable a sound analysis and assessment of ESG risks.