Sustainable Finance – Banks
Sustainable Finance – Banks
Credit institutions will play an important role in the transition towards a sustainable and climate-neutral financial system. Following on from the European Green Deal the European Union has made significant further progressing in developing the regulatory framework for sustainability risks and considering sustainability aspects in the distribution of financial instruments.
Our Approach: Integration, Transparency and Responsibility
Since 2021, the Austrian Financial Market Authority (FMA) has included the integration of sustainability risks in the business strategy, in internal governance and in risk management as a priority for supervision and inspections. The current supervisory requirements are implemented by applying the principle of proportionality within the scope of the possible room for manoeuvre.
The FMA’s focuses for supervision and inspections include disclosure by banks in the distribution of financial products, and avoiding greenwashing. The FMA uses on-site measures and market analyses to check compliance with legal requirements. Between 2023 and 2025, the FMA has conducted reviews in particular within EU-wide Common Supervisory Actions coordinated by the European Securities and Markets Authority (ESMA).
