At a glance
- The EBA links the delay to feedback and dialogue with the banking industry on the proposed changes, ESG Today reported.
- For allocators who compare EU bank issuers on climate exposure, the CRR3 templates that took effect in 2025 remain the operative disclosure basis until late 2028.
- The CRR3 changes date to the 2024 Banking Package, which set reporting requirements for banks beginning in 2025.
The European Banking Authority plans to postpone its simplified ESG reporting measures for banks by more than a year, to late 2028, according to ESG Today.
The EBA links the delay to feedback and dialogue with the banking industry on the proposed changes, ESG Today reported. The supervisor said it now plans to release a finalized proposal package later this year with additional simplification measures and extended timelines.
For allocators who compare EU bank issuers on climate exposure, the CRR3 templates that took effect in 2025 remain the operative disclosure basis until late 2028. Bank Pillar 3 filings stay the source for those comparisons in the meantime, and the content of the simplified regime will not be fixed until the EBA's final package lands later this year.
The CRR3 changes date to the 2024 Banking Package, which set reporting requirements for banks beginning in 2025. Those include separate disclosure of environmental physical and transition risks, social and governance risks, and total exposure to fossil fuel sector entities. Institutions must also disclose how they integrate identified ESG risks into business strategy and processes, governance and risk management. The package widened the scope of ESG risk disclosures from large institutions only to all institutions, in areas such as environmental physical and transition risks.
The April 2026 simplification package, of which the ESG measures are a part, proposed a proportionality framework with different obligations for three groups: large listed and non-listed institutions, other listed institutions and large subsidiaries, and small and non-complex institutions (SNCIs) and other non-listed institutions.
For smaller institutions, the proposal reduced supervisory reporting to one template, requiring annual reporting on climate change-related physical and transition risks. The EBA consulted in May 2025 on amendments to banks' Pillar 3 ESG reporting requirements after the European Commission launched its Omnibus initiative to reduce the sustainability reporting and regulatory burden on companies. The April 2026 proposals provided a parallel framework for supervisory reporting requirements.
The EBA said the finalized package, due later this year, will set out the extended timelines that apply.
Simplified bank ESG rules now land in late 2028
EU bank ESG reporting milestones, 2024 to late 2028
- 2024EU publishes Banking Package (CRR3) (Completed)
- 2025CRR3 ESG reporting changes apply to banks (Completed)
- May 2025EBA consults on Pillar 3 ESG amendments (Completed)
- Apr 2026EBA simplification package launched (Completed)
- Late 2026Finalized EBA package due with extended timelines (Current stage)
- Late 2028Planned implementation of simplified ESG measures (Upcoming)
Show as table
| Date | Event | Detail |
|---|---|---|
| 2024 | EU publishes Banking Package (CRR3) | |
| 2025 | CRR3 ESG reporting changes apply to banks | |
| May 2025 | EBA consults on Pillar 3 ESG amendments | |
| Apr 2026 | EBA simplification package launched | |
| Late 2026 | Finalized EBA package due with extended timelines | |
| Late 2028 | Planned implementation of simplified ESG measures |
Reported by the Policy & Disclosure desk from ESG Today. Published . Corrections