EU banks fret over mismatches on ESG disclosure rules

Different timelines for banks and their clients could stymie comparisons between banks

European banks are concerned legislators have created a mismatch between the start dates for interconnected sustainable disclosure standards. That could leave banks struggling to comply with their own disclosure requirements because they lack the necessary data from their clients.

“The problem we are facing today is a clear lack of timing synchronisation between the financial institution reporting obligations and the non-financial institution reporting obligations,” said Lucile de La Jonquière