Use of proxy data in green asset ratios hangs in the balance

EU proposals to exclude non-EU firms from numerator may reduce ratio’s effectiveness

Green data

Draft EU rules preventing banks and fund managers from using proxy information to assess the sustainability of overseas companies they finance are raising new questions about the value of a proposed climate risk measure.

“It is a huge mistake,” said Helena Viñes Fiestas, commissioner of the Spanish Financial Markets Authority. “What is the ratio of any large financial institutions if you exclude the outside of Europe? That ratio will tell you nothing about real investments or financing of that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here