Green Asset Ratio in Limbo
The European Banking Authority's no-action letter on August 6 has led to a significant decrease in green finance metric reporting, with 90% of top EU banks opting out.
Only three banks, ABN Amro, DNB Bank, and OTP Bank, have disclosed their green asset ratio (GAR) for Q2 2025.
- The EBA's suspension of GAR reporting is temporary, expected to be lifted by the end of 2026.
- The banking book taxonomy alignment ratio (BTAR) has been downgraded to voluntary status and is largely being ignored.
The pause in GAR reporting coincides with a broader shift in the EU's approach to sustainability regulations, aiming to ease reporting burdens through the Omnibus package.
Author's summary: EU banks halt green finance reporting.
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