Question ID
2023_6893
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Transparency and Pillar 3
Article
n.a.
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2022/2453 - ITS on ESG disclosures
Article/Paragraph
n.a.
Type of submitter
Credit institution
Subject matter
Possible mis-alignment between the Template 7 of Pillar 3 and Template 1 of the EU Taxonomy Article 8 reporting for credit institutions
Question

According to the Template 7 of Pillar 3, credit institutions are required to provide the breakdown of activities that are aligned with the objective of climate change adaptation between "specialised lending, adaptation, and enabling activity". However, Template 1 of the EU Taxonomy (GAR covered assets) doesn't have a column for "adaptation" under the objective of climate change adaptation. Also, the EU Taxonomy uses the word "use of proceeds" in place of "specialised lending".

Background on the question

1. We would appreciate it if you could provide guidance on the "adaptation" column, should we include "adaptation" in the EU Taxonomy template or remove "adaptation" from Template 7 of Pillar 3?

2. Does EBS use the terms "specialised lending" and "use of proceeds" interchangeably, if not please suggest guidance on these 2 terms.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because it has not sufficiently identified a provision of a legal framework covered by this tool for which an explanation is merited in terms or practical implementation or application. The objective of the Q&A tool is not to answer questions that put into doubt the correctness of the legal framework

The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.

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Status
Rejected question