Danmarks Nationalbank regularly responds to consultations, for example when new bills are submitted for consultation. Consultation responses provide insight into Danmarks Nationalbank’s views on specific proposals within topics that fall within Danmarks Nationalbank’s purpose.

Financial stability and financial risks

Response to the European Banking Authority’s consultation on draft Guidelines on the management of Environmental, Social and Governance risks

Danmarks Nationalbank welcomes a common European framework for managing climate-related risks. Climate change and the green transition will affect the financial sector and can affect the stability of the financial system. The proposed guidelines support that credit institutions across the EU should incorporate considerations of climate-related risks in line with other risks in all relevant parts of their internal processes and business. Danmarks Nationalbank agrees with the guidelines’ focus on the identification and management of financial risks for each institution due to climate change and the green transition. Based on sound risk management, it is primarily up to the financial sector to finance the new investments in the green transition.