Regulatory Alerts2025-06-26
ACPR Compliance with EBA Guidelines on ESG Risk Management (EBA/GL/2025/01)
The French Prudential Control and Resolution Authority (ACPR) has declared its compliance with the European Banking Authority's guidelines on environmental, social, and governance (ESG) risk management. This compliance is conditional on the absence of conflicts between the guidelines' data process provisions and the final version of the Corporate Sustainability Reporting Directive (CSRD) as reviewed by the Omnibus project. The guidelines become applicable to ACPR-supervised entities on January 11, 2026, with an extended deadline of January 11, 2027, for small and non-complex institutions.
OPINION ACPR Compliance with European Banking Authority (EBA) Guidelines on Environmental, Social, and Governance (ESG) Risk Management (EBA/GL/2025/01)
The Prudential Control and Resolution Authority (ACPR) has declared itself compliant with the European Banking Authority's guidelines of January 8, 2025, on the management of environmental, social, and governance (ESG) risks (EBA/GL/2025/01).
It should be noted that the ACPR will comply with the EBA/GL/2025/01 guidelines to the extent that there is no incompatibility between the provisions on data-related processes in these guidelines and those of the finalized version of Directive (EU) 2022/2464 on corporate sustainability reporting (the CSRD), as reviewed by the Commission's Omnibus project (COM(2025)80, COM(2025)81). Consequently, the provisions on data-related processes cannot require an institution to collect data from its counterparty that the counterparty would not be required to publish under the revised version of the CSRD.
Subject to this reservation, the "EBA/GL/2025/01" guidelines are applicable as of January 11, 2026, for institutions under the direct supervision of the ACPR, with the exception of small and non-complex institutions, for which these guidelines are applicable as of January 11, 2027. Institutions must do everything in their power to comply with these guidelines, in accordance with the provisions of Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of November 24, 2010 establishing a European Supervisory Authority (European Banking Authority).