EBA Consults on New Taxonomy KPIs and Simplified Disclosures for Banks

The European Banking Authority (EBA) has launched a consultation on revised Key Performance Indicators (KPIs) for Taxonomy disclosures as part of broader efforts to simplify and improve ESG reporting requirements for the banking sector.

The proposals aim to enhance proportionality, reduce unnecessary reporting burdens, and improve the usability and comparability of sustainability information while maintaining alignment with EU climate and environmental objectives.

Key areas under consultation include:

✅ Simplified approaches to Taxonomy-related KPIs
✅ Greater proportionality for smaller institutions
✅ Better alignment between supervisory reporting and public disclosures
✅ Enhanced clarity and consistency in ESG reporting requirements
✅ Support for the broader EU simplification agenda for financial services

The consultation provides an important opportunity for banks and other stakeholders to contribute to the future design of sustainable finance disclosures in the EU.