European banks are increasingly integrating ESG scores into their risk management models, in line with guidelines from the ECB and EBA. The adoption of ESG metrics by investors and financial institutions has driven the growth of third-party ratings, now regulated by ESMA.
However, new challenges are emerging: validating the impact of ESG scores on traditional financial risks and improving the quality of climate-related data across portfolios. These efforts may be undermined by the European Commission’s proposed “Omnibus Package,” which aims to significantly reduce ESG reporting obligations, raising questions about the future direction of supervisory policies.
Program
10:00 am | Introductory remarks - Andrea Resti, Bocconi University and advisor to the European Parliament on banking supervision
10:15 am | BPER’s approach to sustainability scores: goals achieved and challenges ahead Emanuele Cristini, Chief Risk Officer, BPER Banca
10:30 am | Sustainability scores in 2025 and beyond: UniCredit’s achievements and concerns Corrado Pavanati, Head of Risk Italy, UniCredit
10:45 am | How should climate-related measures enter the measurement of credit risk? Fiorella Salvucci, Executive Director - Head of Credit Risk Management, Intesa Sanpaolo
11:00 am | Supporting Banks and Investors through ESG scores Marco Macellari, Head of ESG Business Transformation, CRIF
11:30 am | ESG and climate risks in euro area banks: how the ECB’s priorities are evolving Patrick Amis, Director General - DG Specialised Institutions and LSIs, European Central Bank European Central Bank
11:50 am | ESG Ratings: upcoming challenges for providers and supervisors under the EU regulatory framework Stephen Hynes, Senior Policy Officer - Conduct Supervision and Convergence Department, ESMA
12:10 pm | Climate risks, transparency, data quality: the EBA perspective Kamil Liberadzki, Director of Economic & Risk Analysis, European Banking Authority