Regulatory Alerts2025-12-19
Added · Updated
Circular Letter No. CC/2025/00000036 on ESG Risk Management
The document transmits the European Banking Authority's Guidelines on the management of ESG risks (EBA/GL/2025/01) to credit institutions and financial societies, requiring them to integrate ESG risk management into their governance and risk frameworks. It establishes minimum standards for identifying, assessing, and monitoring ESG risks, including the requirement for specific transition plans and materiality assessments. The guidelines apply to less significant credit institutions starting January 11, 2026, and to small and non-complex institutions by January 11, 2027, with the Bank of Portugal confirming its intention to comply and incorporate these practices into supervisory activities.
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