1 
 
ANNEX XL - Instructions for disclosure of ESG risks 
 
1. Institutions shall disclose the information referred to in Article 449a of Regulation (EU) 
575/20131 (1) (‘CRR’) by following the instructions provided below in this Annex to 
complete the tables and templates which are presented in Annex XXXIX to this 
Implementing Regulation. 
 
Table 1 – Qualitative information on Environmental risk: Free format text boxes for 
disclosure of qualitative information in Annex XXXIX 
2. Institutions shall follow the instructions provided below to complete Table 1 – 
‘Qualitative information on Environmental risk’ as presented in Annex XXXIX to this 
Implementing Regulation, in order to describe the integration of environmental risks 
(including specific information on climate change risks and on other environmental 
risks) in their business strategy and processes, governance and risk management, in 
application of Article 449a in conjunction with Article 435 CRR.   
 
Legal references and instructions 
Row 
number 
Explanation 
 
Business strategy and processes 
(a) 
In accordance with Article 449a in conjunction with Article 435(1), points (a) 
and (e) CRR an explanation of how institution business environment, business 
model, strategy and processes, and financial planning integrate risks stemming 
from environmental factors (i.e. environmental risks) and how these evolve 
over time given changing technology, policy framework, business 
environment, stakeholder (e.g. consumers and investors) preferences, and 
changes in the physical environment itself. 
(b) 
In accordance with Article 449a in conjunction with Article 435(1) points (a), 
(c), (d), (e) and (f) CRR, the objectives, targets and limits (e.g. in terms of 
green asset ratio – GAR and BTAR –, GHG emissions, etc) that institutions 
set for the assessment and management of environmental risks, and 
institutions processes for the setting of these objectives, targets and limits.  
An explanation of the linkages of these objectives, targets and limits to the 
current international and European policy framework and benchmarks 
available, for example, Paris Climate Accords; European Green Deal; Non-
financial Reporting Directive (NFRD); European Commission’s Guidelines 
on non-financial reporting - Supplement on reporting climate-related 
information; Task Force on Climate-related Financial Disclosures (TCFD) 
Recommendations; United Nations Environment Programme Finance 
Initiative (UNEP FI); the Global Reporting Initiative Sustainability Reporting 
Standards, the United Nations’ Principles for Responsible Investment 
(UNPRI). 
 
1 Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements 
for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).

2 
 
(c) 
In accordance with Article 449a, the evolution of the institution’s current and 
future (planned) investment in environmentally sustainable economic 
activities and EU Taxonomy-aligned sectors/activities in accordance with the 
environmental objectives (including climate change objectives, e.g, in terms 
of GAR and BTAR) set out in Article 9 of Regulation (EU) 2020/8522. 
Institutions current and future (planned) investment activities towards 
environmental objectives may depend on their own approach and definitions. 
Institutions shall include these approaches in their disclosures. 
(d) 
In accordance with Article 449a in conjunction with Article 435(1), point (d) 
CRR, the measures that institutions take to mitigate risks associated with 
environmental factors, including understanding the counterparty’s capacity to 
manage environmental risks and entering into a dialogue with counterparties 
to mitigate such environmental risks. 
 
Governance 
(e) 
In accordance with Article 449a in conjunction with Article 435(1), point (b), 
and Article 435(2), points (a), (b), (c) CRR, the involvement of institutions 
management body in the supervision and management of environmental risks, 
and the rationale for institutions approach taking into account various 
transmission channels such as physical, transition and liability risks. 
(f) 
In accordance with Article 449a in conjunction with Article 435(2), point (d) 
CRR, the ways in which institutions’ management body integrates short-term, 
medium-term and long-term effects of environmental risks in organisational 
structure for the purposes of risk management and the ways in which this 
integration of environmental risks is reflected in business lines and internal 
control functions. 
(g) 
In accordance with Article 449a in conjunction with Article 435(2), points (a), 
(b), (c) CRR, institutions’ organisation of risk committees and the allocation 
of tasks and responsibilities in the risk management framework to monitor and 
manage environmental risks, taking into account physical, transition and 
liability transmission channels. 
(h) 
In accordance with Article 449a in conjunction with Article 435(2), points (e) 
CRR, the ways via which institutions include environmental risks into internal 
reporting framework and structure, and the frequency of internal reporting and 
information exchange on environmental risks. 
(i) 
In accordance with Article 449a in conjunction with Article 435(2), points (e) 
CRR, information on whether environmental risks are included in 
remuneration policy, and the criteria and metrics used to determine the impact 
on variable remuneration of environmental risk considerations. 
 
Risk management 
 
2 Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a 
framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).

3 
 
(j) 
In accordance with Article 449a in conjunction with Article 435(1), point (f) 
CRR, integration of short-, medium- and long-term effects of environmental 
factors and risks in the risk tolerance framework. Institutions shall decide the 
relevant time horizon according to their own risk profile and exposures.  
(k) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
CRR, the methodologies, definitions and standards institutions are using for 
the identification and management of environmental factors and risks, and the 
framework on which these standards, definitions and methodologies are based.  
An explanation of the linkages of methodologies, definitions and standards to 
the current international and European policy framework and benchmarks 
available, for example, Non-financial Reporting Directive (NFRD); Task 
Force on Climate-related Financial Disclosures (TCFD) Recommendations; 
European Commission’s Guidelines on non-financial reporting – Supplement 
on reporting climate-related information; United Nations Environment 
Programme Finance Initiative (UNEP FI); the Global Reporting Initiative 
(GRI) Sustainability Reporting Standards, the United Nations’ Principles for 
Responsible Investment (UNPRI), Sustainability Accounting Standards Board 
standards and Carbon Disclosure Projects. 
(l) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
CRR: 
- 
the processes by which institutions identify and monitor its activities 
and exposures which are sensitive and vulnerable to environmental 
risks (e.g. via their counterparties, investment or asset management 
activities) including any movable and immovable assets associated 
with these activities and exposures. 
- 
The processes by which institutions identify and monitor 
environmental risks that are financially material or currently non-
material with a prospect to become material in the future.  
Activities, exposures and assets which are sensitive and vulnerable to 
environmental risks shall include those related, for example, to agriculture, 
fisheries, forestry, energy sectors in combination with their geographical 
location, reliance on water or other environmental factors and risks, which 
may be vulnerable to factors such as flood, draught, fires, loss of biodiversity. 
They shall also include concentration of the counterparty’s operations in 
endangered zones, and they shall be deemed to cover the entire value chain of 
the counterparty. 
When disclosing the above, institutions shall indicate materiality (including 
double materiality) as defined in the report in accordance with Article 98(8) 
of CRD and it shall cover the life cycle of exposures including for example, 
loan origination together with creditworthiness assessment of the counterparty 
and monitoring. 
Institutions shall explain the extent to which such assessment covers relevant 
transmission channels including, for example, (i) lower profitability, (ii) lower 
real estate value, lower household wealth, (iii) lower asset performance, (iv) 
increase cost of compliance, and (v) increase legal costs.

4 
 
If institutions identify no environmental risks as material, they shall provide 
justification and present the underlying methodology used to arrive to this 
conclusion.   
(m) 
In accordance with Article 449a in conjunction with Article 435(1), point (d) 
CRR, the activities, commitments, and exposures institutions have in place in 
order to mitigate environmental risks. 
The methodology institutions use to identify risk mitigating measures and 
activities, and to what extent these activities, commitments and exposures 
account for relevant transmission channels, for example, (i) lower 
profitability, (ii) lower real estate value, lower household wealth, (iii) lower 
asset performance, (iv) increase cost of compliance, and (v) increase legal 
costs. 
(n) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
and (f) CRR, the implementation tools that institutions use for identification 
and management of environmental risks such as stress test, sensitivity analysis 
or other forward-looking indicators, applied at exposure-level, portfolio-level, 
counterparty-level or sectoral-level, depending on the materiality of the risk. 
This shall include indications of all assumptions and methodologies for any of 
the implementation tools used. Institution shall also indicate the time horizon 
used for the assessment of the environmental risk on the accounting and 
prudential metrics, e.g. short-term, medium-term or long-term time horizon. 
(o) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
and (f) CRR, the description of the outcome of the assessment from the risk 
tool used in accordance with point 14. 
The estimated impact of environmental risk, e.g., climate change risk, on 
institutions’ solvency, regulatory capital requirements and liquidity risk 
profile in the framework of ICAAP and ILAAP. 
For example, disclosure of the assessment of a portfolio with regard to 
different climate change scenarios and of the outcome of the scenario analyses 
with a linkage between the transition risk and its effect on financial and 
prudential metrics, such as the impact on accounting provisions or Tier 1 
capital ratio. 
(p) 
In accordance with Article 449a, the data and information available to 
institutions in order to carry out the risk management of environmental risks, 
the key data and information currently missing and measures the institution is 
taking in order to close data gaps and to improve data quality and accuracy. 
(q) 
In accordance with Article 449a in conjunction with Article 435(1), point (f) 
CRR, the limits institutions set on financing projects or counterparties, which 
significantly harm environmental objectives (e.g., as per Article 9 of 
Regulation (EU) 2020/852) in line with institution’s business strategy. 
These limits shall include limits set by institutions at the point of origination 
and monitoring in order to avoid or mitigate environmental risks and limits 
that indicate when a specific exposure would trigger corrective actions, further 
investigation, internal escalation, and/or exclusion from portfolio.

5 
 
(r) 
The ways that institutions map and link the manifestation of environmental 
risks on its balance sheet through credit risk, liquidity risk, market risk and 
operational risk. 
The ways in which institutions assess and manage the impact of transition to 
a low-carbon and climate-resilient economy to the prudential risk categories 
including credit risk, liquidity risk, market risk and operational risk. 
 
 
Table 2 – Qualitative information on Social risk: Free format text boxes for disclosure 
of qualitative information in Annex XXXVII 
3. Institutions shall follow the instructions provided below to complete Table 2 – 
‘Qualitative Information on Social risk’ presented in Annex XXXIX to this 
Implementing Regulation, in order to describe the integration of social risks in their 
business strategy and processes, governance and risk management, in application of 
Article 449a in conjunction with Article 435 of CRR.   
 
Legal references and instructions 
Row 
number 
Explanation 
 
Business strategy and processes 
(a) 
In accordance with Article 449a in conjunction with Article 435(1), points (a) 
and (e) CRR, how institutions’ business environment, business model, strategy 
and processes, financial planning integrate risks stemming from social factors 
(i.e. social risks) and how these evolve over time given changing technology, 
policy framework, business environment and stakeholder (e.g. consumers and 
investors) preferences. 
(b) 
In accordance with Article 449a in conjunction with Article 435(1), points (a), 
(c), (d), (e) and (f) CRR, whether the institution sets objectives, targets and 
limits the institution sets for the assessment and management of social risks, 
and how the process is for the setting of these objectives, targets and limits.  
An explanation of the linkages of these objectives, targets and limits to the 
current international and European policy framework and benchmarks 
available, for example, the Ten Principles of UN Global Compact, ILO 
Conventions and Recommendations; OECD Guidelines for Multinational 
Enterprises; and UN Guiding Principles on Business and Human Rights. 
Examples of social aspects can include human rights violation, labour rights, 
income inequality, lack of human rights, customer safety and protection, 
privacy, poverty and non-discrimination. Furthermore, climate change and 
transition to low carbon economy have social impacts such as ending of certain 
job and skills, and emergence of new jobs and skills, consumers’ changing 
preferences and preferences of shareholders of companies that prioritise swift 
integration of climate, environmental and social change, as defined in 
paragraphs 78 of the EBA report under Article 98(8) CRD.

6 
 
(c) 
In accordance with Article 449a in conjunction with Article 435(1), point (d) 
CRR, how institutions take measures to mitigate risks associated with social 
factors, including understanding the counterparty’s capacity to manage social 
risks and entering into a dialogue with them to mitigate social risks. 
 
Governance 
(d) 
In accordance with Article 449a in conjunction with Article 435(1), point (b) 
and Article 435(2), points (a), (b), (c) CRR, how institutions’ management 
body is involved in the supervision and management of social risks, and what 
is the rationale for this approach taking into account a number of social factors 
including activities towards the community and society, employee 
relationships and labour standards, customer protection and product 
responsibility, human rights. 
(e) 
In accordance with Article 449a in conjunction with Article 435(2), points (a), 
(b), (c) CRR, how institutions organise risk committees, allocate tasks and 
responsibilities in the risk management framework to monitor and manage 
social risks. 
Institutions shall provide information on the level of internal capacity is being 
built, with the amount of resources, and the extent to which information for 
social risk assessment is reliant on external capacity. 
(f) 
In accordance with Article 449a in conjunction with Article 435(2), points (e) 
CRR, how institutions include social risks into internal reporting framework 
and structure, and what is the frequency of internal reporting and information 
exchange on social risks. 
(g) 
In accordance with Article 449a in conjunction with Article 435(2), points (e) 
CRR information on whether social risks are included in remuneration policy, 
and the criteria and metrics used to determine the impact on variable 
remuneration of social risk considerations. 
 
Risk management 
(h) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
CRR, what methodologies, definitions and standards institutions use for the 
identification and management of social factors and risks, and the framework 
on which these standards, definitions and methodologies are based.  
An explanation of the linkages of these methodologies, definitions and 
standards to the current international and European policy framework and 
benchmarks, for example, the Ten Principles of UN Global Compact; ILO 
Conventions and Recommendations; OECD Guidelines for Multinational 
Enterprises; and UN Guiding Principles on Business and Human Rights. 
(i) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
CRR, the process by which institutions identify and monitor their activities 
and exposures sensitive and vulnerable to social risks (e.g. via their

7 
 
counterparties, investment or asset management activities) including any 
movable and immovable assets associated with these activities and exposures. 
The process by which institutions identify and monitor social risks that are 
financially material or currently non-material with a prospect to be material in 
the future.  
Such activities, exposures and assets sensitive and vulnerable to social risks 
may be related to counterparties breaching labour law, human rights or other 
social laws or rights that may face legal dispute. More precisely, sectors with 
enhanced social risk may include those with migrant workers, low wages; poor 
labour standards; poor working conditions; negatively affecting communities; 
and enhanced chance of being under public and political scrutiny. 
(j) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
CRR, the activities, commitments and assets that institutions have in place to 
mitigate social risks. 
(k) 
In accordance with Article 449a in conjunction with Article 435(1), point (a) 
CRR, the implementation tools that institutions use for identification and 
management of social risks such as scenario analysis, applied at exposure-
level, portfolio-level, counterparty-level or sectoral-level and cover covering 
factors such as migration, demographic trends, change in labour force, 
technological change. 
Furthermore, social risks to be identified can include change of consumer 
behaviour, issues around discrimination and social inclusiveness, scenarios 
about increasing inequality, social impact of climate change, climate 
adaptation/mitigation and environmental degradation. 
Assumptions and methodologies of such scenario analysis shall be indicated. 
The institution shall indicate the time horizon used for the assessment of the 
social risk on the accounting and prudential metrics, e.g., short-term, medium-
term or long-term time horizon. 
(l) 
In accordance with Article 449a in conjunction with Article 435(1), point (f) 
CRR, the limits institutions set on financing projects or counterparties, which 
significantly harm social objectives in line with institution’s business strategy. 
These limits shall include limits set by institutions at the point of origination 
and monitoring in order to avoid or mitigate social risks and limits that indicate 
when a specific exposure would trigger corrective actions, further 
investigation, internal escalation, and/or exclusion from portfolio. 
(m) 
In accordance with Article 449a CRR, the ways the institutions map and link 
the manifestation of social risks on their balance sheet through credit risk, 
liquidity risk, market risk and operational risk. 
The ways in which the institution assesses and manages the impact of relevant 
socially harmful events on the prudential risks categories including credit risk, 
liquidity risk, market risk and operational risk. 
 
Table 3 – Qualitative information on Governance risk: Free format text boxes for 
disclosure of qualitative information in Annex XXXVII

8 
 
4. Institutions shall follow the instructions provided below to complete Table 3 – 
Qualitative information on Governance risk presented in Annex XXXIX to this 
Implementing Regulation in order to describe the integration of governance risks in their 
governance and risk management, in application of Article 449a in conjunction with 
Article 435 of CRR. 
Legal references and instructions 
Row 
number 
Explanation 
 
Governance 
(a) 
In accordance with Article 449a in conjunction with Article 435(2) CRR, the 
ways in which institutions integrate governance performance of the 
counterparty in their governance arrangements. 
The considerations on the governance performance of the counterparty shall 
cover the necessary steps and phases in the decision-making, supervision and 
management processes of the counterparty at all levels. This shall include 
committees of the highest governance body and committees responsible for 
decision-making on economic, environmental, and social topics. 
An explanation of these economic, environmental and social topics to the 
indicators presented in available international and European frameworks, for 
example, OECD Guidelines for Multinational Enterprises; UN Guiding 
Principles on Business and Human Rights; Charter of Fundamental Rights of 
the EU; United Nations Convention against Corruption.   
(b) 
The ways via which the institution takes into account the role of the 
counterparty's highest governance body in non-financial reporting, e.g., the 
highest committee or position that formally reviews and approves the 
organisation’s sustainability report and ensures that all material topics are 
covered. 
An explanation of these material topics (including economic, environmental 
and social areas) to the indicators presented in available international and 
European frameworks, for example, OECD Guidelines for Multinational 
Enterprises; UN Guiding Principles on Business and Human Rights; Charter 
of Fundamental Rights of the EU; United Nations Convention against 
Corruption.   
(c) 
In accordance with Article 449a in conjunction with Article 435(2) CRR, the 
ways via which the institution integrates the governance performance of their 
counterparties in its governance arrangements. 
The considerations related to the governance performance of the institution’s 
counterparties shall cover all of the following: 
a) ethical considerations; e.g., integrity of conduct, values and ethics, 
anti-bribery and anti-corruption measures, accountability and rule of 
law; 
b) strategy and risk management; e.g., strategy implementation, 
operational execution and monitoring, internal controls and risk 
management policies and procedures;

9 
 
c) inclusiveness; e.g., gender gap and representation of people from 
minority groups in the management, income gap; 
d) transparency; e.g. disclosures on discrimination, tax commitments and 
payments, disclosure on lobbying activities, and rules and practices; 
e) Management of conflict of interest, e.g. processes for the highest 
governance body to ensure that any conflict of interest is avoided, 
managed and mitigated; and 
f) Internal communication on critical concerns, e.g. how internal process 
of the counterparty operates for communicating critical concerns to the 
highest governance body. 
 
Risk management 
(d) 
In accordance with Article 449a in conjunction with Article 435(1) CRR, the 
ways in which the institution integrates in its risk management arrangements 
the governance performance of their counterparties considering aspects 
explained in row 3.

10 
 
Template 1 - Banking book - Climate change transition risk: Quality of exposures by 
sector. Fixed format. 
 
5. Institutions shall follow the instructions below to complete template 1 as presented in 
Annex XXXIX to this Implementing Regulation in order to provide information on 
those exposures more exposed to the risks that institutions may face from the transition 
to a low-carbon and climate resilient economy. In application of Article 449a CRR: 
a. They shall disclose information on their exposures towards non-financial 
corporates operating in carbon-related sectors, and on the quality of those 
exposures, including non-performing status, stage 2 classification, and 
related provisions as well as maturity buckets;  
b. They shall start disclosing information on scope 1, 2 and 3 emissions of their 
counterparties, if already available, including qualitative information in the 
narrative accompanying this template on the methodology and sources used 
for the calculation of these emissions. Where institutions are not yet 
estimating their counterparties’ emissions associated with their financing 
activities, including lending and investment activities, they shall disclose 
information on their plans to implement methodologies to estimate and 
disclose this information. All institutions shall start disclosing information in 
columns i to k of the template by 30 June 2024. 
6. Institutions shall include in the narrative accompanying the template, explanations on 
the information disclosed and the changes compared to previous disclosure periods, and 
any implications that these exposures may have in terms of credit, market, operational, 
reputational and liquidity risks for the reporting institutions. 
7. Institutions shall include in the rows of the template the breakdown of the gross carrying 
amount of loans and advances, debt securities and equity instruments to non-financial 
corporations, other than those held for trading, by sector of economic activities using 
NACE codes based on the principal activity of the counterparty. They will also include 
subtotals that aggregate the gross carrying amount of exposures towards sectors and 
subsectors that highly contribute to climate change as specified in Recital 6 of the 
Commission Delegated Regulation (EU) 2020/1818 3; and a subtotal of exposures 
towards “other sectors” not mention in the above-mentioned Recital 6. 
8. The counterparty NACE sector allocation shall be based on the nature of the immediate 
counterparty. When institutions’ counterparty is a holding company, institutions shall 
consider the NACE sector of the specific obligor under the holding company (if 
different than the holding company itself) which receives the funding (i.e., the specific 
subsidiary of the holding company in question) rather than that of the holding company; 
particularly in those cases where the obligor that is benefiting from the financing is a 
non-financial corporate. Similarly, when the direct counterparty of the institution (the 
obligor) is a special purpose vehicle (SPV), institution shall disclose the relevant 
information under the NACE sector associated with the economic activity of the parent 
company of the SPV. The classification of the exposures incurred jointly by more than 
one obligor shall be done based on the characteristics of the obligor that was the more 
relevant, or determinant, for the institution to grant the exposure. The distribution of 
jointly incurred exposures by NACE codes shall be driven by the characteristics of the 
 
3 Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the 
European Parliament and of the Council as regards minimum standards for EU Climate Transition Benchmarks and EU 
Paris-aligned Benchmarks (OJ L 406, 3.12.2020, p. 17).

11 
 
more relevant or determinant obligor. Institutions shall disclose information by NACE 
codes with the level of granularity required in the rows of the template. 
 
Columns 
Instructions 
a 
Total gross carrying amount 
The gross carrying amount, as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/4514, of those exposures towards non-
financial corporates, including loans and advances, debt securities and equity 
instruments, classified in the accounting portfolios in the banking book 
according to that Regulation, excluding financial assets held for trading or held 
for sale assets. 
b 
Of which exposures towards companies excluded from EU Paris-aligned 
Benchmarks 
The gross carrying amount of those exposures towards counterparties that are 
excluded from the EU Paris-aligned Benchmarks as specified in Article 12.1, 
points (d) to (g) and Article 12.2 of Commission Delegated Regulation (EU) 
2020/18185. 
c 
Of which environmentally sustainable (CCM) 
Exposures that qualify as environmentally sustainable because they are financing 
activities that contribute or enable the environmental objective of climate change 
mitigation in accordance with Articles 10 and 16 of the Regulation (EU) 
2020/852, as disclosed in template 7 of Annex XXXIX. 
Institutions shall start disclosing this information as of end 2023, that is the first 
disclosure reference date, for exposures included in the numerator of the GAR, 
and as of end June 2024 for those exposures included in the numerator of the 
BTAR but not in the numerator of the GAR. 
d 
Of which stage 2 
Institutions applying IFRS shall disclose the gross carrying amount of ‘Stage 2’ 
instruments as defined in IFRS 9.  
The columns on ‘Of which stage 2’ shall not be disclosed by institutions that 
apply national generally accepted accounting principles based on Council 
Directive 86/635/EEC6. 
e 
Of which non-performing exposures 
Non-performing exposures as defined in Article 47a(3) CRR. 
 
4 Commission Implementing Regulation (EU) 2021/451 of 17 December 2020 laying down implementing technical 
standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council with 
regard to supervisory reporting of institutions and repealing Implementing Regulation (EU) No 680/2014 (Text with EEA 
relevance) OJ L 97, 19.3.2021, p. 1–1955 
5 Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the 
European Parliament and of the Council as regards minimum standards for EU Climate Transition Benchmarks and EU 
Paris-aligned Benchmarks (OJ L 406, 3.12.2020, p. 17). 
6 Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other 
financial institutions (OJ L 372, 31.12.1986, p. 1).

12 
 
f 
Accumulated impairment, accumulated negative changes in fair value due 
to credit risk and provisions 
The amounts defined in paragraphs 11, 69 to 71, 106 and 110 of Part 2 of Annex 
V to Commission Implementing Regulation (EU) 2021/451. 
g 
Of which stage 2 
Accumulated impairment amount of stage 2 exposures. 
Institutions applying IFRS shall disclose the gross carrying amount of ‘Stage 2’ 
instruments as defined in IFRS 9. 
The columns on ‘Of which stage 2’ shall not be disclosed by institutions that 
apply national generally accepted accounting principles based on Council 
Directive 86/635/EEC7. 
h 
Of which non-performing exposures 
Non-performing exposures as defined in Article 47a(3) CRR. 
i 
GHG financed emissions (scope 1, scope 2 and scope 3 emissions of the 
counterparty) (in tons of CO2 equivalent) 
Where the information is available, the estimates of the scope 3 GHG emissions 
of an institution shall be disclosed in CO2 tonnes (TCO2) as part of column i. 
The disclosure shall cover all sectors and subsectors that highly contribute to 
climate change as specified in recital 6 of the Commission Delegated Regulation 
(EU) 2020/1818, included in rows 2 to 52 of the template.  
The estimation of scope 3 emissions shall rely on information on emissions from 
institutions’ counterparties and on information on sector-average emissions 
intensity. Examples of methodologies to compute the carbon emission of 
companies include, the Global GHG Accounting and Reporting Standard for the 
Financial Industry, developed by the Partnership for Carbon Accounting 
Financials 8  (PCAF, of particular relevance for the TCFD), or the Carbon 
Disclosure Project9. 
The estimation of scope 3 emissions per sector shall be done in a proportionate 
way: e.g. by taking the institution’s exposures (loans and advances, debt 
securities and equity holdings) towards the counterparty compared to the total 
liabilities (accounting liabilities and shareholders’ equity) of the counterparty. 
In the narrative accompanying the template institutions shall provide detailed 
explanations of the data sources used and of the methodology that they have 
applied for the estimation of their scope 3 GHG emissions. In particular, 
institutions shall explain whether they are disclosing (i) reported emissions 
(emissions are collected from the borrower or investee company directly); (ii) 
physical activity-based emissions (emissions are estimated by the reporting 
financial institution based on primary physical activity data collected from the 
borrower or investee), and/or (iii) economic activity-based emissions (emissions 
 
7 Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other 
financial institutions (OJ L 372, 31.12.1986, p. 1). 
8 https://carbonaccountingfinancials.com/standard 
9 https://www.cdp.net/en

13 
 
are estimated by the reporting financial institution based on economic activity 
data collected from the borrower or investee company). 
Where institutions are not yet estimating their counterparties’ emissions 
associated with their financing activities, including lending and investment 
activities, they shall disclose information on their plans to implement 
methodologies to estimate and disclose this information. All institutions shall 
disclose information in columns i to k of the template as of 30 June 2024 first 
disclosure reference date. 
j 
Of which Scope 3 financed emissions 
Institutions shall disclose their counterparties’ scope 3 emissions associated with 
institutions’ lending and investment activities. Where institutions are not yet 
estimating their scope 3 emissions, they shall leave column j blank and, in the 
narrative, accompanying the template, they shall disclose their plans to 
implement methodologies to estimate and disclose this information. 
Scope 3 emissions shall be disclosed on a best effort basis covering the most 
relevant sectors for example in line with PCAF approach and the phased-in 
approach for scope 3 emissions included in Article 5 of Commission Delegated 
Regulation (EU) 2020/2018 supplementing Regulation (EU) 2016/1011 of the 
European Parliament and of the Council as regards minimum standards for EU 
Climate Transition Benchmarks and EU Paris-aligned Benchmarks. 
Financial institutions shall start disclosing information scope 3 emissions, when 
available, for the oil, gas, and mining sectors from 2021 onward and additional 
sectors will be added subsequently. Information on scope 3 emissions of the 
counterparty for all sectors included in the template shall be disclosed as of 30 
June 2024 first disclosure reference date. 
For sectors where data and methodological challenges exist, banks shall follow 
the GHG protocol and its 15 stages, both upstream and downstream, as presented 
in the Commission Guidelines on non-financial reporting: supplement on 
reporting climate related information. 
In line with the TCFD guidance on metrics and targets, institutions shall be 
transparent about the challenges to collect that type of information and also avoid 
double counting to the extent possible. 
All institutions shall start disclosing information in columns j of the template as 
of 30 June 2024 first disclosure reference date. 
k 
GHG emissions (column i): gross carrying amount percentage of the 
portfolio derived from company-specific reporting 
Institutions shall indicate the percentage of the portfolio (gross carrying amount 
of the exposures) for which they have been able to estimate their counterparties’ 
scope 1, 2 and 3 emissions associated with institutions’ lending and investment 
activities based on information disclosed by their counterparties or reported to 
the institution on bilateral basis. 
l - p 
<= 5 years; > 5 year <= 10 years; > 10 year <= 20 years; > 20 years; Average 
weighted maturity

14 
 
Institutions shall allocate the exposures to the relevant bucket depending on the 
remaining maturity of the financial instrument, taking into account the 
following: 
i) 
Where the amount is repaid in instalments, the exposure shall be 
allocated in the maturity bucket corresponding to the last instalment; 
ii) 
Where an exposure has no stated maturity for reasons other than the 
counterparty having the choice of the repayment date, or in the case 
of equity holdings, the amount of this exposure shall be disclosed in 
the largest maturity bucket ‘> 20 years’; 
iii) 
For the computation of the average maturity of the exposures, 
institutions shall weigh the maturity of each exposure by the gross 
carrying amount of the exposures. 
 
Template 2: Climate change Transition risk: Loans collateralised by immovable 
property collateral – Energy efficiency of the collateral. Fixed format. 
 
9. Institutions shall follow the instructions below to disclose the information required in 
‘Template 2: Banking book - Climate transition risk: Loans collateralised by immovable 
property - Energy efficiency of the collateral’, as presented in Annex XXXIX to this 
Implementing Regulation.  
10. Energy Performance of Buildings Directive 2010/31/EU 10 (EPBD) and the Energy 
Efficiency Directive 2012/27/EU11 promote policies that aim to achieve a highly energy 
efficient and decarbonised building stock by 2050. The EPBD introduced the Energy 
performance certificates (EPC) as instruments for improving the energy performance of 
buildings. They are defined as a certificate recognised by a Member State or by a legal 
person designated by it, which indicates the energy performance of a building or 
building unit, calculated according to a methodology adopted in accordance with the 
EPBD. 
11. This template will show the gross carrying amount, as defined in Part 1 of Annex V of 
Commission Implementing Regulation (EU) 2021/451, of loans collateralised with 
commercial and residential immovable property and of repossessed real estate 
collaterals, including information on the level of energy efficiency of the collaterals 
measured in terms of kWh/m² energy consumption (columns b to g of the template), in 
terms of the label of the EPC of the collateral as defined in Article 2(12) of 2010/31/EU 
for EU countries, or as defined in the relevant regulation for those exposures outside the 
EU, where a mapping to the EU EPC label exists (columns h to n).   
12. In particular, in columns b to g institutions shall disclose the gross carrying amount of 
exposures by energy efficiency buckets based on the specific energy consumption of the 
collateral in kWh/m2, as indicated in the EPC label of the collateral or estimated by 
institutions in the absence of the EPC label. They will indicate in rows 5 and 10 of the 
 
10 Directive 2010/31/EU of the European Parliament and of the Council of 19 May 2010 on the energy performance of 
buildings (OJ L 153, 18.6.2010, p. 13). 
11 Directive 2012/27/EU of the European Parliament and of the Council of 25 October 2012 on energy efficiency, 
amending Directives 2009/125/EC and 2010/30/EU and repealing Directives 2004/8/EC and 2006/32/EC (OJ L 315, 
14.11.2012, p. 1).

15 
 
template the extent to which this data is estimated and not based on EPC labels. In 
columns h to n, institutions shall disclose the gross carrying amount of exposures 
grouped by the EPC label of the collateral for those collaterals where the EPC is 
available to the institution.  
13. When disclosing the EPC distribution of the collaterals, institutions shall disclose 
separately, in column o, those exposures for which they do not have the EPC 
information of the collateral, and in those cases where they do not have the EPC 
information but they are using internal calculations to estimate the energy efficiency of 
the collateral, the percentage of the exposures without EPC label of the collateral for 
which they are providing estimates (the percentage is to be computed based on the gross 
carrying amount of the exposures). Institutions shall disclose the total gross carrying 
amounts by level energy consumption and by EPC label with a breakdown by location 
(EU vs. non-EU area) differentiating between loans collateralised by commercial 
immovable property, loans collateralised by residential immovable property and 
collateral obtained by taking possession. 
14. In the case of exposures in non-EU countries and where there is no EPC label equivalent, 
institutions shall leave columns h to n blank, and disclose the information required in 
columns o and p and, when relevant, columns b to g with estimated data. 
15. For those exposures linked to more than one collateral, e.g., two immovable properties, 
the energy efficiency information of the properties linked to the exposure shall be split 
and disclosed separately under energy efficiency levels (both for the KWh/m2 of the 
collateral, columns b to g, and for the EPC label, columns h to n) corresponding to 
energy efficiency of each collateral. More specifically, institutions shall calculate the 
share of each collateral in the gross carrying amount of exposure on the basis of the 
value of the collateral and disclose under the energy efficiency bucket linked to each 
collateral. For example, the institution has a loan with a gross carrying amount of EUR 
100,000 collateralised by two properties: property A and property B. Property A has a 
collateral value of EUR 80,000 and EPC label A, while property B has a collateral value 
of EUR 70,000 and EPC label D. In this example, institutions should disclose EUR 
53,333 (that is EUR 100000 * [80000 / (80000 + 70000)] under EPC label A and EUR 
46,667 (that is EUR 100000 * [70000 / (80000 + 70000)] under EPC label D, both 
corresponding to the specific loan in question.  
 
Template 3: Banking book - Climate change transition risk: Alignment metrics. 
Flexible format (fixed columns, flexible rows). 
16. Institutions shall follow the instructions below to disclose the information required in 
‘Template 3: Banking book - Climate change transition risk: Alignment metrics’, as 
presented in Annex XXXIX to this Implementing Regulation.  
17. Institutions shall disclose in this template information on their alignment efforts with 
the Paris Agreement objectives for a selected number of sectors. The disclosures on the 
alignment shall capture the extent to which financial flows are consistent with a pathway 
towards low greenhouse gas emissions and climate-resilient development as defined in 
the Paris Agreement. The economic scenario that describes that decarbonisation 
pathway is the International Energy Agency Net Zero Emissions by 2050 Scenario 
(NZE2050)12. Institutions shall take into account this scenario. The IEA projections are 
 
12 Net Zero Emissions by 2050 Scenario (NZE) – World Energy Model – Analysis - IEA 
 Net Zero by 2050 – Analysis - IEA

16 
 
provided at global level, with some specific metrics at European level, and therefore the 
distance to the IEA scenario benchmark shall be measured at global level, and at 
European level in those cases where metrics are provided at this level.  
18. Those institutions that are already estimating information on their Paris Agreement 
sectoral alignment shall disclose the information in this template and shall explain in 
the narrative accompanying the template the methodology and sources of data used. 
Those institutions that are not yet estimating their sectoral alignment shall disclose 
information on their plans to implement methodologies to estimate and disclose this 
information. All institutions shall start disclosing the information included in this 
template as of 30 June 2024 first disclosure reference date. 
19. Institutions shall disclose in this template: 
a. Columns a and b: these columns include the sectors (IEA sectors in column 
a) under which rows 1-8 lists the mandatory minimum set of sectors, and 
subsectors (NACE sectors in column b according to the minimum ‘list of 
NACE sectors to be considered’ as indicated in the template). 
b. When institution’s counterparty is a holding company, institutions shall 
consider the NACE sector of the specific obligor under the holding company 
(if different than the holding company itself) which receives the funding (i.e., 
the specific subsidiary of the holding company in question) rather than that 
of the holding company; particularly in those cases where the obligor that is 
benefiting from the financing is a non-financial corporate. Similarly, when 
the direct counterparty of the institution (the obligor) is a SPV, institution 
shall disclose the relevant information under the NACE sector associated 
with the economic activity of the parent company of the SPV. 
c. The classification of the exposures incurred jointly by more than one obligor 
shall be done based on the characteristics of the obligor that was the more 
relevant, or determinant, for the institution to grant the exposure. Institutions 
shall disclose information by NACE codes with the level of granularity o the 
sectors required in column b. 
d. Column c: the gross carrying amount as defined in Part 1 of Annex V to 
Commission Implementing Regulation (EU) 2021/451 of those exposures 
towards non-financial corporates in each of the sectors specified in columns 
a and b, including loans and advances, debt securities and equity instruments, 
classified in the accounting portfolios in the banking book according to that 
Regulation, excluding financial assets held for trading or held for sale assets. 
e. Column d and e: alignment metric(s) applied by the institution and closest 
year of reference for the alignment metric(s) for each sector. Institutions shall 
use the alignment metric(s) that can be measured against the IEANZE2050 
scenario. When choosing these metrics, institutions shall ensure that the 
metrics allow to disclose comprehensively institutions’ financed production 
capacities and also encompass all relevant carbon-intensive financed 
activities. Some examples of metrics are listed in the template. Institutions 
shall disclose several metrics for each sector that are relevant to their 
financing activity that cover emission intensity metrics, technology mix-
based metrics and production-based metrics. Institutions shall rely on an 
assessment of the underlying assets and activities linked to financial 
instruments.

17 
 
For loans of which the use of proceeds is known, the whole value of that loan 
shall be included for the relevant sector and alignment metric. For loans of 
which the use of proceeds is unknown, the gross carrying amount of the 
exposure shall be allocated to the relevant sector and alignment metric based 
on the counterparties’ activity distribution, e.g. by counterparties’ turnover 
by activity.  
Institutions shall add a row in the template for each relevant combination of 
sector disclosed in column b and alignment metric included in column d. 
f. Column f: the Point in Time distance of the column d metric(s) to the 2030 
data points of the IEA Net Zero by 2050 benchmark scenario expressed in 
percentage points 13. This distance shall represent the current degree of 
alignment with the scenario indicator for 2030 and be expressed as the 
difference between the indicator in column (d) and the IEA scenario 
projection for 2030, divided by the scenario benchmark indicator and 
converted into percentage terms. 
Institutions will find the relevant information and the applicable scenario 
indicators for 2030 per sector on the IEA website. In particular institutions 
shall refer to the “Net Zero by 2050 - A Roadmap for the Global Energy 
Sector” that the IEA publish on an annual basis14. The specific data points 
and indicators can be downloaded from the excel table included in this link: 
i. Net Zero by 2050 Scenario - Data product - IEA. 
The exposures’ underlying activities shall be considered aligned if the level 
of the indicator is below that of the benchmark for decreasing benchmarks 
(carbon intensive activities) or above for increasing benchmarks (low carbon 
activities); 
 
𝐷𝑖𝑠𝑡𝑎𝑛𝑐𝑒 
 
= 𝑀𝑒𝑡𝑟𝑖𝑐 𝑎𝑡 𝑟𝑒𝑓𝑒𝑟𝑒𝑛𝑐𝑒 𝑦𝑒𝑎𝑟−(𝐼𝐸𝐴 𝑠𝑐𝑒𝑛𝑎𝑟𝑖𝑜 𝑚𝑒𝑡𝑟𝑖𝑐 𝑖𝑛 2030)
(𝐼𝐸𝐴 𝑠𝑐𝑒𝑛𝑎𝑟𝑖𝑜 𝑚𝑒𝑡𝑟𝑖𝑐 𝑖𝑛 2030)
∗100 
g. Column g: institutions’ target for 3 years after the year of reference indicated 
in column e and the alignment metric indicated in column d. This shall 
indicate the portfolio alignment path and target that institutions plan to 
achieve in order to remain on track with the IEA scenario in the long term. 
 
 
Template 4 - Banking book - Climate change transition risk: Exposures to top 20 
carbon-intensive firms. Fixed format 
20. Institutions shall follow the instructions below to disclose the information required in 
‘Template 4: Banking book - Climate change transition risk: Exposures to top 20 
carbon-intensive firms, as presented in Annex XXXIX to this Implementing Regulation.  
21. Institutions shall disclose in this template aggregate information on exposures towards 
the most carbon intensive counterparties in the world. They shall include aggregated 
 
13 https://www.iea.org/reports/world-energy-model/sustainable-development-scenario 
14 2021 report can be found under this link.

18 
 
and anonymised information on the gross carrying amount of exposures towards up to 
20 counterparties of the institution that are among the top 20 most carbon-intensive 
corporates worldwide. Information shall be based on publicly available reputable and 
accurate information. Examples of data sources to identify the top carbon-emitting 
companies include Carbon Majors Database and Reports of the Carbon Disclosure 
Project and Climate Accountability Institute as well as Thomson Reuters. 
22.  In the narrative accompanying the template institutions shall explain the data sources 
used to identify the companies included in the template. Where institutions are omitting 
partially or totally, they shall indicate so in their Pillar 3 reports, and explain the reasons 
for that omission, including if they do not have any exposures towards the top 20 world.  
 
 
Column  
Instructions 
a 
Gross carrying 
amount 
(aggregate) 
Gross carrying amount as defined in Part 1 of Annex V to 
Commission 
Implementing 
Regulation 
(EU) 
2021/451  
(including loans and advances, debt securities and equity 
instruments), classified under the accounting portfolios in the 
banking book according to that Regulation, excluding financial 
assets held for trading and held for sale assets.  
Institutions shall include the aggregate exposures towards up to 
20 counterparties of the institution that are among the top 20 most 
carbon-intensive corporates worldwide. 
b 
Gross carrying 
amount towards 
the 
company 
compared 
to 
total 
gross 
carrying amount 
(aggregate) 
The percentage resulting from the aggregate gross carrying 
amount indicated in column a divided by the total gross carrying 
amount of the institutions’ exposures in the banking book 
(amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451, including loans and 
advances, debt securities and equity instruments in the banking 
book, classified under the accounting portfolios in the banking 
book according to that Regulation, excluding financial assets 
held for trading and held for sale assets). 
c 
 
Of 
which 
environmentally 
sustainable 
(CCM) 
The aggregate gross carrying amount of environmentally 
sustainable exposures (contributing to the objective of climate 
change mitigation). This shall be based on the purpose of the 
activity funded, for special purpose lending, or on the 
counterparty’s information on the level of alignment of its 
economic activities with Regulation (EU) 2020/852, for the 
objective of climate change mitigation (% of turnover 
contributing substantially to climate change mitigation). 
Institutions shall start disclosing this information as of end 2023, 
that is the first disclosure reference date. 
d 
Average 
maturity 
The average maturity of the exposures considered in the 
computation weighted by the gross carrying amount of the 
exposure.

19 
 
e 
 
Number of top 
20 
polluting 
firms included 
The institution shall indicate the number of top polluting 
companies included in the calculation of the aggregate gross 
carrying amount. 
 
Template 5 - Banking book - Climate change physical risk: Exposures subject to 
physical risk. Fixed format. 
23. Institutions shall apply the instructions below to disclose the information required in 
‘Template 5: Banking book - Climate change physical risk: Exposures subject to 
physical risk’, as presented in Annex XXXIX to this Implementing Regulation.  
24. Institutions shall include in this template information on exposures in the banking book 
(including loans and advances, debt securities and equity instruments not held-for-
trading and not held-for-sale), towards non-financial corporates, on loans collateralized 
with immovable property and on repossessed real estate collaterals, exposed to chronic 
and acute climate-related hazards, with a breakdown by sector of economic activity 
(NACE classification) and by geography of location of the activity of the counterparty 
or of the collateral, for those sectors and geographical areas subject to climate change 
acute and chronic events. 
25. For the identification of geographies prone to specific climate-related hazards, 
institutions shall use dedicated portals and databases. Examples of data sources to 
identify geographical areas subject to climate change related hazards include15: GFDRR 
- ThinkHazard! (covering heatwaves, water scarcity and stress, floods, wildfires, 
hurricanes, landslide); PREP – PREPdata (coastal flood, extreme heat, landslide, water 
scarcity and stress, wildfire); WRI - Aqueduct Water Risk Atlas (flood, coastal flood, 
water scarcity and stress) Swiss Re - CatNet® (flood, tropical cyclone (hurricane 
&typhoon), wildfire); World Bank - Climate Change Knowledge Portal (extreme heat, 
extreme precipitation, drought); PCA - Global Drought Risk platform (drought); NOAA 
- Historical hurricane tracks (tropical cyclone (hurricane &typhoon)). In order to obtain 
knowledge about characteristics of locations sensitive to climate change events, 
institutions may also use the data offered by EU bodies and by national government 
authorities (e.g. meteorological, environmental, statistical agencies or geoscience 
organisations). 
26. When institution’s counterparty is a holding company, institutions shall consider the 
NACE sector of the specific obligor under the holding company (if different than the 
holding company itself) which receives the funding (i.e., the specific subsidiary of the 
holding company in question) rather than that of the holding company; particularly in 
those cases where the obligor that is benefiting from the financing is a non-financial 
corporate. Similarly, when the direct counterparty of the institution (the obligor) is a 
SPV, institution shall disclose the relevant information under the NACE sector 
associated with the economic activity of the parent company of the SPV. The 
classification of the exposures incurred jointly by more than one obligor shall be done 
based on the characteristics of the obligor that was the more relevant, or determinant, 
 
15 For more examples, please refer to the UNEP FI and Acclimatise report: ‘’Chartering New Climate. State-of-the-art tools 
and data for banks to assess credit risks and opportunities from physical climate change impacts”, September 2020, 
https://www.unepfi.org/publications/banking-publications/charting-a-new-climate/ 
The report provides detailed information with regard to time periods covered, use of future scenarios, spatial resolution 
and coverage, format of outputs to be received from particular datasets as well as licensing and cost (please note that 
most portals and databases offer free-to-use access). Moreover, the report elaborates on different techniques of physical 
risk assessment and measurement, like e.g. heat mapping, correlation analysis, dedicated tools and analytics.

20 
 
for the institution to grant the exposure. The distribution of jointly incurred exposures 
by NACE codes shall be driven by the characteristics of the more relevant or 
determinant obligor. Institutions shall disclose information by NACE codes with the 
level of granularity required in the rows of the template. 
27. Institutions shall disclose the information in this template on a best effort basis and shall 
explain in the narrative accompanying the template the sources of information and 
methodologies that they have used to identify exposures subject to climate change 
physical risk. 
Columns 
Instructions 
a 
Geographical area subject to climate change acute and chronic events 
 
Institutions shall cover geographical area exposed to negative impact from 
climate change physical events. This shall mean a country, geographical or 
administrative region where activities of the counterparty or the collateral are 
located, and that are exposed to chronic or acute climate change events. 
Institutions shall indicate, as appropriate, the type of geographical area for 
their disclosure, e.g., a country, a specific region in a country or a region 
covering more than one country. For geographical coverage of the exposures 
institutions shall use the level of divisions indicated in Nomenclature of 
Territorial Units for Statistics (or NUTS), as appropriate. 
b 
Gross carrying amount 
The gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451 of those exposures towards non-
financial corporates (including loans and advances, debt securities and equity 
instruments), classified under the accounting portfolios in the banking book 
according to that Regulation, excluding financial assets held for trading and 
held for sale assets. 
c - o 
of which exposures sensitive to impact from climate change physical 
events 
The gross carrying amount of exposures prone to impact from climate change 
physical events as defined in Article 18a of this Regulation. The gross carrying 
amount of exposures prone to impact from climate change physical events 
may be equal to the full exposure amount disclosed in column b of this 
template or may be a part of that exposure amount.  
c - g 
Breakdown by maturity bucket 
Institutions shall allocate the exposures to the relevant bucket depending on 
the remaining maturity of the financial instrument, taking into account the 
following: 
a. where the amount is repaid in instalments, the exposure shall be 
allocated in the maturity bucket corresponding to the last 
instalment; 
b. where an exposure has no stated maturity for reasons other than the 
counterparty having the choice of the repayment date, the amount 
of this exposure shall be disclosed in column ‘> 20 years’

21 
 
c. For the computation of the average maturity of the exposures, 
institutions shall weigh the maturity of each exposure by the gross 
carrying amount of the exposures. 
h 
of which exposures sensitive to impact from chronic climate change events 
The gross carrying amount of exposures sensitive to impact from chronic 
climate change events only, including hazards relating to gradual changes in 
weather and climate and having a possible impact on economic output and 
productivity. 
i 
of which exposures sensitive to impact from acute climate change events 
The gross carrying amount of exposures sensitive to impact from acute climate 
change events only, including hazards that may cause sudden damage to 
properties, disruption of supply chains, depreciation of assets as well as result 
in operational downtime and lost manufacturing for fixed assets. 
 
j 
of which exposures sensitive to impact both from chronic and acute 
climate change events 
The gross carrying amount subject to impact from both chronic and acute 
climate change events, as per columns h and i. 
k 
Of which stage 2 
For institutions applying IFRS, the gross carrying amount of ‘Stage 2’ 
instruments as defined in IFRS 9.  
These columns on ‘Of which stage 2’ shall not be disclosed by institutions that 
apply national generally accepted accounting principles based on Council 
Directive 86/635/EEC. 
l 
Of which non-performing exposures 
The gross carrying amount of non-performing exposures as defined in Article 
47a(3) CRR, which are prone to impact from climate change events. 
m, n, o 
Accumulated impairment, accumulated negative changes in fair value 
due to credit risk and provisions 
The amounts defined in paragraphs 11, 69 to 71, 106 and 110 of Part 2 of 
Annex V to Commission Implementing Regulation (EU) 2021/451. 
o 
of which Stage 2 exposures 
Column m shall include the accumulated impairment amount of stage 2 
exposures. 
Institutions applying IFRS shall disclose the gross carrying amount of ‘Stage 
2’ instruments as defined in IFRS 9.

22 
 
The columns on ‘Of which stage 2’ shall not be disclosed by institutions that 
apply national generally accepted accounting principles based on Council 
Directive 86/635/EEC16. 
N 
of which non-performing exposures 
The amount of the accumulated impairment, accumulated negative changes in 
fair value due to credit risk and provisions attributable to non-performing 
exposures, as defined in Art. 47a(3) CRR. 
 
 
 
 
16 Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and 
other financial institutions (OJ L 372, 31.12.1986, p. 1).

23 
 
Template 6 – Summary of KPIs on the Taxonomy-aligned exposures. Fixed format. 
 
28. Institutions shall provide in template 6 an overview of the KPIs calculated on the basis 
of templates 7 and 8 of Annex XXXIX, including the green asset ratio (GAR) as defined 
in the Commission Delegated Regulation (EU) …/...  
29. While the Commission Delegated Regulation (EU) …/... supplementing Regulation 
(EU) 2020/852 requires institutions to estimate and disclose the GAR twice, once based 
on the turnover taxonomy alignment of the counterparty (for non-financial corporates) 
for those exposures whose purpose is not to finance specific identified activities (general 
purpose lending), and again based on the CAPEX taxonomy alignment of the 
counterparty for the same general purpose lending exposures, institutions shall only 
disclose the GAR once in their Pillar 3 reports, based only on the turnover alignment of 
the counterparty for the general purpose lending part. 
30. For the stock, GAR stock (climate change mitigation), GAR (climate change 
adaptation), GAR (climate change mitigation and climate change adaptation) shall 
correspond to the KPI included in columns b, g and l respectively of Template 8, 
accordingly. Similarly, for the flow, GAR (climate change mitigation), GAR (climate 
change adaptation), GAR (climate change mitigation and climate change adaptation) 
shall correspond to the KPI included in row 1, columns r, w and ab of the same Template 
8. 
31. Information on the coverage shall be included in Template 8, row 1, column p for GAR 
stock, and af for GAR flow. 
32. This template shall start to apply as of end 2023 first disclosure reference date for the 
information on the GAR Commission Delegated Regulation (EU) …/...,. 
 
Template 7 - Mitigating actions: Assets for the calculation of GAR. Fixed format 
33. Institutions shall follow the instructions below to disclose the information required in 
‘Template 7 - Mitigating actions: Assets for the calculation of GAR’, as presented in 
Annex XXXIX to this Implementing Regulation.  
34. This template shall start to apply as of end 2023 first disclosure reference date. 
35. Institutions shall disclose in this template information on gross carrying amount of 
institutions’ loans and advances, debt securities and equity instruments on their banking 
book, with a  breakdown of the information by type of counterparty, including financial 
corporations, non-financial corporations, households, local governments as well as real 
estate lending towards households, and the taxonomy eligibility and taxonomy 
alignment of the exposures with regards to the environmental objectives of  climate 
change mitigation and climate change adaptation  as defined in Article 9, points (a) and 
(b) of Regulation (EU) 2020/852. 
36. In particular, institutions shall include in this template information necessary for the 
calculation of the GAR in accordance with the Commission Delegated Regulation (EU) 
…/... supplementing Regulation (EU) 2020/85217. While the Commission Delegated 
Regulation (EU) …/... supplementing Regulation (EU) 2020/852 requires institutions to 
 
17 Commission Delegated Regulation (EU) …/... supplementing Regulation (EU) 2020/852 by specifying the content and 
presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU 
concerning environmentally sustainable economic activities, and specifying the methodology to comply with that 
disclosure obligation

24 
 
estimate and disclose the GAR twice, once based on the turnover taxonomy alignment 
of the counterparty (for non-financial corporates) for those exposures whose purpose is 
not to finance specific identified activities (general purpose lending), and again based 
on the CAPEX taxonomy alignment of the counterparty for the same general purpose 
lending exposures, institutions shall only disclose the GAR once in their Pillar 3 reports, 
based only on the turnover alignment of the counterparty for the general purpose lending 
part. 
37. Based on this information, institutions shall calculate and disclose their GAR as defined 
the Commission Delegated Regulation (EU) …/.... The information included relates to 
climate change mitigation and climate change adaptation as per Article 9, points (a) and 
(b) of Regulation (EU) 2020/852. 
38. This template shall start to apply as of end 2023 first disclosure reference date for the 
information on the GAR Commission Delegated Regulation (EU) …/....  
Columns 
Instructions 
a 
Gross carrying amount 
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451. 
b 
Of which: towards taxonomy relevant sectors  
G Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451. 
Institutions shall disclose the gross carrying amount of eligible exposures 
towards sectors (4 level NACE codes) relevant for the corresponding 
environmental objective according to the Taxonomy, as specified in the technical 
annex to the Commission Delegated Regulation18 on technical screening criteria 
for determining the conditions under which an economic activity qualifies as 
environmentally sustainable.   
Institutions shall disclose exposures towards relevant sectors under the objective 
of climate change mitigation in accordance with Article 9, point (a)and Article 
10 of Regulation (EU) 2020/852. 
c 
Of which: environmentally sustainable  
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
Institutions shall disclose the gross carrying amount of eligible exposures that 
are environmentally sustainable, as specified in the technical annex to the 
Commission Delegated Regulation on technical screening criteria for 
determining the conditions under which an economic activity qualifies as 
environmentally sustainable. 
Institutions shall disclose environmentally sustainable exposures under the 
objective of climate change mitigation in accordance with Article 9, point (a) 
and Article 10 of Regulation (EU) 2020/852.    
 
18
 Commsssion 
Delegated 
Regulation 
(EU) 
XXX 
supplementing 
Regulation 
(EU) 
2020/852: 
https://ec.europa.eu/info/law/sustainable-finance-taxonomy-regulation-eu-2020-852/amending-and-supplementary-
acts/implementing-and-delegated-acts_en

25 
 
When the use of proceeds is known, (specialised lending, e.g. project finance 
loans, as defined in ANNEX V to Implementing Regulation (EU) 2021/451), 
institutions shall disclose the extent to which the exposure is environmentally 
sustainable based on the extent and proportion to which the project funded 
contributes substantially to climate change mitigation, in accordance with Article 
10, or is an enabling activity in accordance with Article 16, and meets the criteria 
specified in Article 3 of the same regulation. When the use of proceeds is 
unknown, institutions shall disclose the extent to which the exposure is 
environmentally sustainable by using the information from the counterparty, in 
accordance with Article 8 of Regulation (EU) 2020/85219, on the proportion of 
the turnover derived from products or services associated with economic 
activities that qualify as environmentally sustainable under Articles 3 of 
Regulation (EU) 2020/852. 
Each exposure shall only be considered once and shall be allocated to only one 
environmental objective. Where the exposures are relevant for more than one 
environmental objective, the allocation shall be made to the most relevant 
objective. 
d 
Of which: specialised lending 
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451. 
Specialised lending as defined in paragraph 89 of Part 2 of Annex V to 
Commission Implementing Regulation (EU) 2021/451. 
This shall include special lending exposures, which are environmentally 
sustainable, under the objective of climate change mitigation in accordance with  
Article 9, point (a) and Article 10 of Regulation (EU) 2020/852. 
When the use of proceeds is known, in the case of specialised lending, 
institutions shall disclose the extent to which the exposure is environmentally 
sustainable based on the extent and proportion to which the specific project 
funded qualify as contributing substantially to climate change mitigation (project 
specific information), in accordance with Article 10 of Regulation (EU) 
2020/852, or as enabling activity in accordance with Article 16, and meets the 
criteria specified in Article 3 of the same regulation. Institutions shall provide 
transparency on the kind of economic activities that are being funded through 
specialised lending. Where the same specialised lending exposure is relevant to 
two environmental objectives, institutions shall allocate it to the most relevant 
one. 
e 
Of which: transitional 
Article 10 of Regulation (EU) 2020/852. 
f 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
g 
Of which: towards taxonomy relevant sectors 
 
19 Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a 
framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13–43)

26 
 
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
Institutions shall disclose the gross carrying amount of eligible exposures 
towards sectors (4 level NACE codes) relevant for the corresponding 
environmental objective according to the Taxonomy, as specified in the technical 
annex to the Commission Delegated Regulation on technical screening criteria 
for determining the conditions under which an economic activity qualifies as 
environmentally sustainable.   
Institutions shall disclose exposures towards relevant sectors under the objective 
of climate change adaptation in accordance with Article 9, point (b) and Article 
11 of Regulation (EU) 2020/852. 
h 
Of which: environmentally sustainable  
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
Institutions shall disclose the gross carrying amount of eligible exposures that 
are environmentally sustainable, as specified in the technical annex to the 
Commission Delegated Regulation on technical screening criteria for 
determining the conditions under which an economic activity qualifies as 
environmentally sustainable. 
Institutions shall disclose environmentally sustainable exposures under the 
objective of climate change adaptation in accordance with Article 9, point (b) 
and Article 11 of Regulation (EU) 2020/852.    
When the use of proceeds is known, in the case of specialised lending, 
institutions shall disclose the extent to which the exposure is environmentally 
sustainable based on the extent and proportion to which the project funded 
qualify as contributing substantially to climate change adaptation, in accordance 
with Article 11, or as enabling activity in accordance with Article 16, and meets 
the criteria specified in Article 3 of that Regulation. 
Where the use of proceeds is unknown institutions shall disclose the extent to 
which the exposure is environmentally sustainable by using the information from 
the counterparty, in accordance with Article 8 of Regulation (EU) 2020/852, on 
the proportion of the turnover derived from products or services associated with 
economic activities that qualify as environmentally sustainable under Articles 3 
of that Regulation. 
Each exposure shall only be considered once and shall be allocated to only one 
environmental objective. Where the exposures are relevant for more than one 
environmental objective, exposures shall be allocated to the most relevant 
objective. 
i 
Of which: specialised lending 
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
Specialised lending as defined in paragraph 89 of Part 2 of Annex V to 
Commission Implementing Regulation (EU) 2021/451.

27 
 
Institutions shall disclose special lending exposures, which are environmentally 
sustainable, under the objective of climate change adaptation in accordance with 
Article 9, point (b) and Article 11 of Regulation (EU) 2020/852. 
Institutions shall disclose the extent to which the exposure is environmentally 
sustainable by using the information from the counterparty. 
When the use of proceeds is known, in the case of specialised lending, 
institutions shall disclose the extent to which the exposure is environmentally 
sustainable based on the extent and proportion to which the specific project 
funded qualify as contributing substantially to climate change adaptation (project 
specific information), in accordance with Article 11, or as enabling activity in 
accordance with Article 16, and meet the criteria specified in Article 3 of that 
Regulation. Institutions shall provide transparency on the kind of economic 
activities that are being funded through specialised lending. Where the same 
specialised lending exposure can be relevant for two environmental objectives, 
the exposure shall be allocated to the most relevant one. 
j 
Of which: adaptation 
Article 11 of Regulation (EU) 2020/852. These activities shall cover those that 
are not enabling activities. 
k 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
l 
Of which: towards taxonomy relevant sectors  
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
They shall be the sum of column (b) and column (g) of this template. 
m 
Of which: environmentally sustainable  
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
They shall be the sum of column (c) and column (h) of this template. 
n 
Of which: specialised lending 
Gross carrying amount as defined in Part 1 of Annex V to Commission 
Implementing Regulation (EU) 2021/451.  
Specialised lending as defined in paragraph 89 of Part 2 of Annex V to 
Implementing Regulation (EU) 2021/451. 
They shall be the sum of column (d) and column (i) of this template. 
o 
Of which: transitional/adaptation 
Article 10 and Article 11 of Regulation (EU) 2020/852. 
They shall be the sum of column (e) and column (j) of this template. 
p 
Of which: enabling

28 
 
Article 16 of Regulation (EU) 2020/852. 
They shall be the sum of column (f) and column (k) of this template. 
 
Rows 
 Instructions 
 
GAR - Covered assets in both numerator and denominator 
Eligible exposures shall be those that are related to the counterparties and asset 
classes covered in the scope of the disclosure requirements in accordance with 
Article 8 of Regulation (EU) 2020/852. 
1 
Loans and advances, debt securities and equity instruments not HfT eligible 
for GAR 
Loans and advances, debt securities and equity instruments classified under the 
accounting portfolios in the banking book, not held for trading and not held for 
sale as defined in Annex V to Commission Implementing Regulation (EU) No 
2021/451. 
2 
Financial corporations 
Exposures defined in point (c) and point (d) of paragraph 42 of Part 1 of Annex 
V to Commission Implementing Regulation (EU) No 2021/451. 
3 
Credit institutions 
Exposures defined in point (c) of paragraph 42 of Part 1 of Annex V to 
Commission Implementing Regulation (EU) No 2021/451.  
4, 9, 13, 
17, 
21, 
34, 40 
Loans and advances 
Loans and advances defined in paragraph 32 of Part 1 of Annex V to 
Commission Implementing Regulation (EU) No 2021/451. 
5, 10, 14, 
18, 
22, 
37, 41 
Debt securities 
Debt securities as defined in paragraph 31 of Part 1 of Annex V to Commission 
Implementing Regulation (EU) No 2021/451. 
6, 11, 15, 
19, 
23, 
38, 42 
Equity instruments 
Equity instruments as defined in Annex V to Commission Implementing 
Regulation (EU) No 2021/451. 
7 
Other financial corporations 
Exposures to other financial corporations as defined in point (d) of paragraph 42 
of Part 1 of Annex V to Commission Implementing Regulation (EU) No 
2021/451. 
8 
Of which: investment firms 
Exposures to investment firms as defined in Article 4(2) of CRR.

29 
 
12 
Of which: management companies 
Exposures to management companies as defined in Article 2(1), point (b) of 
Directive 2009/65/EC on the coordination of laws, regulations and 
administrative provisions relating to undertakings for collective investment in 
transferable securities (UCITS)20 
16 
Of which: insurance undertakings 
Exposures to insurance undertakings as defined in Article 4(5) of CRR 
20 
Non-financial corporations subject to NFRD disclosure obligations  
Exposures to non-financial corporation as defined in point (e) of paragraph 42 
of Part 1 of Annex V to Commission Implementing Regulation (EU) No 
2021/451, which are subject to disclosure obligations under Directive 
2014/95/EU (‘NFRD’). 
28 
Of which: commercial real estate loans 
Exposures referred to in point (a) of paragraph 173 and paragraph 239ix of Part 
2 of Annex V to Commission Implementing Regulation (EU) No 2021/451. 
24 
Households 
Loans and advances as defined in point (f) of paragraph 42 of Part 1 of Annex V 
to Commission Implementing Regulation (EU) No 2021/451. 
Credit institutions shall collect information from their counterparties bilaterally 
through the loan origination process, and the regular credit review and 
monitoring process.  
25 
Of which: loans collateralised by residential immovable property 
Loans collateralised by residential immovable property as defined in point (a) of 
paragraph 173 of Part 2 of Annex V to Commission Implementing Regulation 
(EU) No 2021/451. 
The taxonomy alignment of these exposures shall only be assessed following a 
simplified approach for the objective of climate change mitigation in accordance 
with the technical screening criteria for buildings, namely renovation and 
acquisition and ownership in accordance with points 7.2., 7.3., 7.4., 7.5, 7.6., and 
7.7. respectively, of Annex I to Climate Delegated Act, based on the energy 
efficiency of the underlying collateral. 
26 
Of which: building renovation loans 
Loans that are granted to households with the purpose of renovating their house. 
The taxonomy alignment of these exposures shall only be assessed following a 
simplified approach for the objective of climate change mitigation in accordance 
with the technical screening criteria for buildings, namely renovation and 
acquisition and ownership in accordance with points 7.2., 7.3., 7.4., 7.5, 7.6., and 
 
20 Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, 
regulations and administrative provisions relating to undertakings for collective investment in transferable securities 
(UCITS) (OJ L 302, 17.11.2009, p. 32–96)

30 
 
7.7. respectively, of Annex I to Climate Delegated Act, based on the energy 
efficiency la of the underlying collateral.  
27 
Of which motor vehicle loans 
Motor vehicle loans as defined in point (b)(ii) of paragraph 173 of Part 2 of 
Annex V to Commission Implementing Regulation (EU) No 2021/451 and other 
loans granted for the acquisition of a motor vehicle assessed following a 
simplified approach for the objective of climate change mitigation in accordance 
with the technical screening criteria for financing, renting, leasing of vehicles in 
accordance with Section 6.5 of Annex I to Climate Delegated Act, based on the 
energy efficiency of the underlying vehicle. 
28 
Local governments financing 
The addition of rows 29 and 30. 
 
29 
Housing financing 
Loans granted by institutions to local government with the aim of funding the 
acquisition of their place of residence of households in the municipality. 
30 
Other local government financing 
Loans granted by institutions to local government with the aim of funding any 
assets other than the acquisition of their place of residence of households in the 
municipality. 
31 
Collateral obtained by taking possession: residential and commercial 
immovable properties 
Collateral obtained by taking possession as defined in paragraph 341 of Part 2 of 
Annex V to Commission Implementing Regulation (EU) No 2021/451. 
32 
Total GAR assets 
This row shall be equal to row 1 of this template. 
 
Assets excluded from the numerator for GAR calculation (covered in the 
denominator)  
33 
EU Non-financial corporations (not subject to NFRD disclosure obligations) 
Exposures to non-financial corporation as defined in point (e) of paragraph 42 
of Part 1 of Annex V to Commission Implementing Regulation (EU) No 
2021/451, which are located in the EU and not subject to disclosure obligations 
under Directive 2014/95/EU (‘NFRD’). 
 
37 
Non-EU Non-financial corporations (not subject to NFRD disclosure 
obligations) 
Exposures to non-financial corporation as defined in point (e) of paragraph 42 
of Part 1 of Annex V to Commission Implementing Regulation (EU) No

31 
 
2021/451, which are located outside the EU and not subject to disclosure 
obligations under Directive 2014/95/EU (‘NFRD’). 
 
 
Assets excluded from the numerator for GAR (covered in the denominator) 
41 
Derivatives 
Derivatives not held for trading as defined in section ten of Part 1 of Annex V to 
Commission Implementing Regulation (EU) No 2021/451. 
42 
On demand interbank loans 
‘Other demand deposits’ as defined in paragraph 3 of Part 2 of Annex V to 
Commission Implementing Regulation (EU) No 2021/451. 
43 
Cash and cash-related assets 
‘Cash on hand’ as defined in paragraph 1 of Part 2 of Annex V to Commission 
Implementing Regulation (EU) No 2021/451. 
44 
Other assets (e.g.  Goodwill, commodities etc.) 
Other assets in the balance-sheet of the institution not included in the previous 
rows of this template or in rows 49 to 51 of this template. 
45 
Total assets in the denominator (GAR) 
This row shall be the sum of rows 32, 43 and 44 to 47 of this template. 
 
Other assets excluded from both the numerator and denominator for GAR 
calculation 
46 
Sovereigns 
General governments as defined in paragraph 42 of Part 1 of Annex V to 
Commission Implementing Regulation (EU) No 2021/451, excluding exposures 
included in rows 29 and 30 of this template.  
47 
Central bank exposures 
Exposures towards central banks. 
48 
Trading book 
Financial assets held for trading or trading financial assets as defined in the 
applicable accounting principles. 
49 
Total assets excluded from numerator and denominator 
This row shall be the sum of rows 49 to 51 of this template. 
50 
Total assets 
This row shall be the sum of rows 48 and 52 of this template.

32 
 
Template 8 – GAR (%) 
 
39. Institutions shall follow the instructions below to disclose the information required in 
‘Template 8 - GAR (%)’, as presented in Annex XXXIX to this Implementing 
Regulation.  
40. Based on the information included in template 7, Institutions shall disclose in this 
template the GAR as defined in Commission Delegated Regulation (EU) …/... 
supplementing Regulation (EU) 2020/852.  
41. The purpose of this template is to show to what extend credit institutions’ activities 
qualify as environmentally sustainable in accordance with Articles 3 and 9 of Regulation 
(EU) 2020/852 so that stakeholders can understand the actions put in place by the 
institutions to mitigate climate change transition and physical risks.  
42. While the Commission Delegated Regulation (EU) …/... supplementing Regulation 
(EU) 2020/852 requires institutions to estimate and disclose the GAR twice, once based 
on the turnover taxonomy alignment of the counterparty (for non-financial corporates) 
for those exposures whose purpose is not to finance specific identified activities (general 
purpose lending), and again based on the CAPEX taxonomy alignment of the 
counterparty for the same general purpose lending exposures, institutions shall only 
disclose the GAR once in their Pillar 3 reports, based only on the turnover alignment of 
the counterparty for the general purpose lending part. 
43. This template shall start to apply as of end 2023 first disclosure reference date for the 
information on the GAR as defined in the Commission Delegated Regulation (EU) 
…/.... 
 
 
Columns 
Instructions 
a 
Proportion of assets funding taxonomy relevant sectors 
The proportion of the stock of assets funding taxonomy-relevant activities (i.e., 
eligible assets) in total stock of covered assets. The item shall be expressed as a 
percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible assets 
funding taxonomy relevant sectors for the objective of climate change mitigation 
as defined in the instructions corresponding to column ‘b’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
b 
Of which: environmentally sustainable  
The proportion of the stock of assets funding environmentally sustainable 
activities (i.e., aligned assets) in the stock of eligible assets. The item shall be 
expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible assets 
funding environmentally sustainable activities for the objective of climate

33 
 
change mitigation as defined in the instructions corresponding to column ‘c’ of 
Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered 
exposures as defined in the instructions corresponding to column ‘a’ of Template 
7. 
c 
Of which: specialised lending 
The proportion of the stock of assets categorised as specialised lending funding 
environmentally sustainable activities for the objective of climate change 
mitigation in the stock of assets funding environmentally sustainable activities. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘d’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
d 
Of which: transitional 
Article 10 of Regulation (EU) 2020/852. 
The proportion of the stock of assets related to transitional activities for the 
objective of climate change mitigation in the stock of assets funding 
environmentally sustainable activities. The item shall be expressed as a 
percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘e’ of Template 8. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
e 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
The proportion of the stock of assets related to enabling activities for the 
objective of climate change mitigation in the stock of assets funding 
environmentally sustainable activities. The item shall be expressed as a 
percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘f’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
f 
Proportion of assets funding taxonomy relevant sectors 
The proportion of the stock of assets funding taxonomy-relevant activities (i.e., 
eligible assets) in total stock of covered assets. The item shall be expressed as a 
percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible assets 
funding taxonomy relevant sectors for the objective of climate change adaptation 
as defined in the instructions corresponding to column ‘g’ of Template 7.

34 
 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
g 
Of which: environmentally sustainable  
The proportion of the stock of assets funding environmentally sustainable 
activities (i.e., aligned assets) in the stock of eligible assets. The item shall be 
expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible assets 
funding environmentally sustainable activities for the objective of climate 
change adaptation as defined in the instructions corresponding to column ‘h’ of 
Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered 
exposures as defined in the instructions corresponding to column ‘a’ of Template 
7. 
h 
Of which: specialised lending 
The proportion of the stock of assets categorised as specialised lending funding 
environmentally sustainable activities for the objective of climate change 
adaptation in the stock of assets funding environmentally sustainable activities. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘i’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
i 
Of which: adaptation 
Article 11 of Regulation (EU) 2020/852. 
The proportion of the stock of assets related to adaptation activities for the 
objective of climate change adaptation in the stock of assets funding 
environmentally sustainable activities. The item shall be expressed as a 
percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘j’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
j 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
The proportion of the stock of assets related to enabling activities for the 
objective of climate change adaptation in the stock of assets funding 
environmentally sustainable activities. The item shall be expressed as a 
percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘k’ of Template 7.

35 
 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
k 
Proportion of assets funding taxonomy relevant sectors 
The proportion of the stock of assets funding taxonomy-relevant activities (i.e., 
eligible assets) for the objectives of climate change mitigation and climate 
change adaptation, compared to the total stock of covered assets. The item shall 
be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible assets 
funding taxonomy relevant sectors as defined in the instructions corresponding 
to column ‘l’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
l 
Of which: environmentally sustainable  
The proportion of the stock of assets funding environmentally sustainable 
activities for the objectives of climate change mitigation and adaptation in the 
stock of eligible assets. The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible assets 
funding environmentally sustainable activities as defined in the instructions 
corresponding to column ‘m’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered 
exposures as defined in the instructions corresponding to column ‘a’ of Template 
7. 
m 
Of which: specialised lending 
The proportion of the stock of assets categorised as specialised lending funding 
environmentally sustainable activities for the objectives of climate change 
mitigation and adaptation in the stock of assets funding environmentally 
sustainable activities. The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of assets as defined 
in the instructions corresponding to column ‘n’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of covered assets 
as defined in the instructions corresponding to column ‘a’ of Template 7. 
n 
Of which: transitional/adaptation 
Article 10 and Article 11 of Regulation (EU) 2020/852. 
The percentage shall correspond to column (d) and column (i). 
o 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
The percentage shall correspond to column (e) and column (j). 
p 
Proportion of total assets covered

36 
 
The proportion of total assets covered by the GAR. The item shall be expressed 
as a percentage. 
The numerator of the KPI shall be the gross carrying amount of the stock of 
covered assets as defined in the instructions corresponding to 1 of Template 7. 
The denominator of the KPI shall be the gross carrying amount of total assets on 
institutions’ balance sheet as defined in instructions corresponding to row 53 of 
Template 7.  
q 
Proportion of new assets funding taxonomy relevant sectors 
The proportion of new assets (i.e., assets originated within the current disclosure 
period) funding taxonomy-relevant activities (i.e., eligible assets) for the 
objective of climate change mitigation in total new eligible assets (i.e. eligible 
assets originated within the current disclosure period). New assets shall be 
calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets funding taxonomy relevant sectors as defined in the instructions 
corresponding to column ‘b’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
r 
Of which: environmentally sustainable  
Institutions shall disclose the proportion of new assets (i.e. assets originated 
within the current disclosure period) funding environmentally sustainable 
activities for the objective of climate change mitigation in total new eligible 
assets (i.e. eligible assets originated within the current disclosure period). New 
assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘c’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
s 
Of which: specialised lending 
The proportion of new assets (i.e. assets originated within the current disclosure 
period) categorised as specialised lending funding environmentally sustainable 
activities for the objective of climate change mitigation in total new eligible 
assets (i.e. assets originated within the current disclosure period) funding 
environmentally sustainable activities. New eligible assets shall be calculated net 
of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘d’ of Template 8.

37 
 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
t 
Of which: transitional 
Article 10 of Regulation (EU) 2020/852. 
The proportion of the new assets (i.e. assets originated within the current 
disclosure period) related to transitional activities for the objective of climate 
change mitigation in total new eligible assets (i.e. assets originated within the 
current disclosure period) funding environmentally sustainable activities. New 
eligible assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘e’ of Template 8. 
The denominator of the KPI shall be the gross carrying amount of covered new 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
u 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
The proportion of the new assets (i.e. assets originated within the current 
disclosure period) related to enabling activities for the objective of climate 
change mitigation in total new eligible assets (i.e. assets originated within the 
current disclosure period) funding environmentally sustainable activities. New 
eligible assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘f’ of Template 8. 
The denominator of the KPI shall be the gross carrying amount of covered new 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
v 
Proportion of new assets funding taxonomy relevant sectors 
The proportion of new assets (i.e. assets originated within the current disclosure 
period) funding activities covered by the EU Taxonomy for the objective of 
climate change adaptation in total new eligible assets (i.e. eligible assets 
originated within the current disclosure period). New assets shall be calculated 
net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets funding taxonomy relevant sectors as defined in the instructions 
corresponding to column ‘g’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7.

38 
 
w 
Of which: environmentally sustainable  
The proportion of new assets (i.e. assets originated within the current disclosure 
period) funding environmentally sustainable activities for the objective of 
climate change adaptation in total new eligible assets (i.e. eligible assets 
originated within the current disclosure period). New assets shall be calculated 
net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘h’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
x 
Of which: specialised lending 
The proportion of new assets (i.e. assets originated within the current disclosure 
period) categorised as specialised lending funding environmentally sustainable 
activities for the objective of climate change adaptation in total new eligible 
assets (i.e. assets originated within the current disclosure period) funding 
environmentally sustainable activities. New eligible assets shall be calculated net 
of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘i’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
y 
Of which: adaptation 
Article 11 of Regulation (EU) 2020/852. 
The proportion of the new assets (i.e. assets originated within the current 
disclosure period) related to transitional activities for the objective of climate 
change adaptation in total new eligible assets (i.e. assets originated within the 
current disclosure period) funding environmentally sustainable activities. New 
eligible assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘j’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
z 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852.

39 
 
The proportion of the new assets (i.e. assets originated within the current 
disclosure period) related to enabling activities for the objective of climate 
change adaptation in total new eligible assets (i.e. assets originated within the 
current disclosure period) funding environmentally sustainable activities. New 
eligible assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘k’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
aa 
Proportion of assets funding taxonomy relevant sectors 
The proportion of new assets (i.e. assets originated within the current disclosure 
period) funding activities covered by the EU Taxonomy for the objectives of 
climate change mitigation and climate change adaptation in total new eligible 
assets (i.e. eligible assets originated within the current disclosure period). New 
assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets funding taxonomy relevant sectors as defined in the instructions 
corresponding to column ‘l’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
ab 
Of which: environmentally sustainable  
The proportion of new assets (i.e. assets originated within the current disclosure 
period) funding environmentally sustainable activities for the objective of 
climate change mitigation and climate change adaptation in total new eligible 
assets (i.e. eligible assets originated within the current disclosure period). New 
assets shall be calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘’m’ of Template 
7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
ac 
Of which: specialised lending 
The proportion of new assets (i.e. assets originated within the current disclosure 
period) categorised as specialised lending funding environmentally sustainable 
activities for the objectives of climate change mitigation and climate change 
adaptation in total new assets (i.e. assets originated within the current disclosure

40 
 
period) funding environmentally sustainable activities. New assets shall be 
calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the gross carrying amount of eligible new 
assets as defined in the instructions corresponding to column ‘n’ of Template 7. 
The denominator of the KPI shall be the gross carrying amount of new covered 
assets from those assets, as defined in the instructions corresponding to column 
‘a’ of Template 7. 
ad 
Of which: transitional/adaptation 
Article 10 and Article 11 of Regulation (EU) 2020/852. 
The percentage shall correspond to column (t) and column (y). 
ae 
Of which: enabling 
Article 16 of Regulation (EU) 2020/852. 
The percentage shall correspond to column (u) and column (z). 
af 
Proportion of new total assets covered 
The proportion of new total assets covered by the GAR. New assets shall be 
calculated net of repayments and other reductions. 
The item shall be expressed as a percentage. 
The numerator of the KPI shall be the difference in the gross carrying amount of 
covered assets, as defined in the instructions corresponding to row 1 of Template 
7, between current disclosure period (t) and previous disclosure period (t-1). 
The denominator of the KPI shall be the difference in the gross carrying amount 
of new total assets, as defined in the instructions corresponding to row 53 of 
Template 7, between current disclosure period (t) and previous disclosure period 
(t-1). 
Rows 
 Instructions 
1 
GAR as defined as defined in Commission Delegated Regulation (EU) …/... 
supplementing Regulation (EU) 2020/852. 
2 
Loans and advances, debt securities and equity instruments not HfT eligible 
for GAR calculation 
GAR % for exposures in row 1 of Template 7. 
3 
Financial corporations 
GAR % for exposures in row 2 of Template 7. 
4 
Credit institutions 
GAR % for exposures in row 3 of Template 7. 
5 
Other financial corporations

41 
 
GAR % for exposures in row 7 of Template 7. 
6 
Of which: investment firms 
GAR % for exposures in row 8 of Template 7. 
7 
Of which: management companies 
GAR % for exposures in row 12 of Template 7. 
8 
Of which: insurance undertakings 
GAR % for exposures in row 16 of Template 7. 
9 
NFCs subject to NFRD disclosure obligations 
GAR % for exposures in row 20 of Template 7. 
10 
Households 
GAR % for exposures in row 24 of Template 7. 
11 
Of which loans collateralised by residential immovable property 
GAR % for exposures in row 25 of Template 7. 
12 
Of which building renovation loans 
GAR % for exposures in row 26 of Template 7. 
13 
Of which motor vehicle loans 
GAR % for exposures in row 27 of Template 7. 
14 
Local government financing 
GAR % for exposures in row 28 of Template 7. 
15 
Housing financing 
GAR % for exposures in row 29 of Template 7. 
16 
Other local government financing 
GAR % for exposures in row 30 of Template 7. 
17 
Collateral obtained by taking possession: residential and commercial 
immovable properties 
GAR % for exposures in row 31 of Template 7. 
 
Template 9 - Mitigating actions: BTAR 
 
44. In addition, institutions shall include in this template, for those counterparties that are 
non-financial corporates and do not have disclosure obligations, on a best effort basis 
and based on information collected on a bilateral basis from their counterparties or 
calculated using estimates, extended information on the taxonomy eligibility and

42 
 
taxonomy alignment with regards to the environmental objectives of climate change 
mitigation and climate change adaptation, as defined in Article 9, points (a) and (b) of 
Regulation (EU) 2020/852, of those exposures towards EU Non-financial corporations 
not subject to NFRD disclosure obligations and Non-EU Non-financial corporations not 
subject to NFRD disclosure obligations. This information shall be disclosed only once, 
based on counterparties turnover alignment for the general-purpose lending loans, as in 
the case of the GAR.  
45. This template shall apply as of end June 2024 first disclosure reference date. 
 
Template 9.1 - Mitigating actions: Assets for the calculation of BTAR 
 
46. Institutions shall disclose in this template the gross carrying among of the assets relevant 
for the calculation of the BTAR. 
 
1 
TOTAL GAR ASSETS 
As disclosed in row 32 of template 7.  
2 
EU Non-financial corporations (not subject to NFRD disclosure obligations) 
Exposures to non-financial corporation as defined in point (e) of paragraph 42 
of Part 1 of Annex V to Commission Implementing Regulation (EU) No 
2021/451, which are located in the EU and not subject to disclosure obligations 
under Directive 2014/95/EU (‘NFRD’). 
Where the counterparty is not subject to disclosures under Article 8 of 
Regulation (EU) 2020/852, for the calculation of the percentage of taxonomy-
aligned exposures, institutions shall, on a best effort basis, collect information 
form their counterparties on a bilateral basis through the loan origination, and 
regular credit review and monitoring process. Only if the counterparty is not able 
to provide the relevant data, credit institutions shall make use of internal 
estimates and proxies and explain in the narrative accompanying the template 
the extend of use of these estimates and the kind of estimates applied Where 
institutions are unable to collect on a bilateral basis or estimate relevant 
information, or are unable to do it in a reasonable way that is not overburdensome 
for them or their counterparties, they shall explain it in the narrative 
accompanying the template, explaining the reasons and counterparties affected. 
For disclosures involving corporates not subject to NFRD disclosure obligations, 
including SMEs, when assessing general purpose lending/financing with 
unknown use of proceeds, institutions shall follow a simplified approach and 
focus their assessment on the main economic activity of the corporate, that is, on 
their main source of turnover, in order to determine the overall alignment of the 
exposures with the Taxonomy Regulation. In the case of specialised lending the 
assessment shall be based on the extent and proportion to which the specific 
project funded qualify as contributing substantially to climate change mitigation 
or adaptation (project specific information).  
 
4 
Of which: loans collateralised by commercial immovable property

43 
 
Exposures referred to in point (a) of paragraph 173 and paragraph 239ix of Part 
2 of Annex V to Commission Implementing Regulation (EU) No 2021/451. 
The taxonomy alignment of these exposures shall only be assessed following a 
simplified approach, for the objective of climate change mitigation in accordance 
with the technical screening criteria for buildings, namely renovation and 
acquisition and ownership in accordance with points 7.2., 7.3., 7.4., 7.5, 7.6., and 
7.7. respectively, of Annex I to Climate Delegated Act, based on the energy 
efficiency of the underlying collateral. 
 
5 
Of which: building renovation loans 
Loans that are granted to SMEs and other non-financial corporations not subject 
to NFRD disclosure obligations with the purpose of renovating their house. 
The taxonomy alignment of these exposures shall only be assessed following a 
simplified approach, for the objective of climate change mitigation in accordance 
with the technical screening criteria for buildings, namely renovation and 
acquisition and ownership in accordance with points 7.2., 7.3., 7.4., 7.5, 7.6., and 
7.7. respectively, of Annex I to Climate Delegated Act, based on the energy 
efficiency of the underlying collateral. 
 
8 
Non-EU Non-financial corporations (not subject to NFRD disclosure 
obligations) 
Exposures to non-financial corporation as defined in point (e) of paragraph 42 
of Part 1 of Annex V to Commission Implementing Regulation (EU) No 
2021/451, which are located outside the EU and not subject to disclosure 
obligations under Directive 2014/95/EU (‘NFRD’). 
Where institutions are providing this information in their disclosures under 
Article 8 of Regulation (EU) 2020/852 in accordance with Article 7(7) of 
Commission Delegated Regulation (EU) …/... supplementing Regulation (EU) 
2020/852, they shall disclose here the same information.  Otherwise, institutions 
shall collect information form their counterparties on a bilateral basis through 
the loan origination, and regular credit review and monitoring process, or use the 
following proxies for the disclosure of information on non-EU exposures on a 
best-effort-basis: 
a. their own models and the classification of exposures according to 
them. In this case institutions shall explain the main features of 
the models applied; 
b. where available, counterparties’ public disclosures based on 
international standards (e.g. TCFD); institutions shall in this case 
explain the type of information available and the standards 
applied;  
c. Other publicly available data. 
Institutions shall explain in the narrative accompanying to this template the 
sources used for the disclosure of this information. Where institutions are unable 
to collect on a bilateral basis or estimate relevant information or are unable to do

44 
 
it in a reasonable way that is not overburdensome for them or their 
counterparties, they shall explain it in the narrative accompanying the template, 
explaining the reasons and counterparties affected. 
For 
this 
type 
of 
counterparties, 
when 
assessing 
general 
purpose 
lending/financing with unknown use of proceeds, institutions shall follow a 
simplified approach and focus their assessment on the main economic activity of 
the corporate, that is, on their main source of turnover, in order to determine the 
overall alignment of the exposures with the Taxonomy Regulation. In the case 
of specialised lending the assessment shall be based on the extent and proportion 
to which the specific project funded qualify as contributing substantially to 
climate change mitigation or adaptation (project specific information), and for 
the real estate portfolio the assessment shall be conducted for the objective of 
climate change mitigation based on the energy efficiency of the underlying 
collateral and their alignment with criteria specified for the relevant activities in 
the Taxonomy Regulation. 
 
Row 12 
TOTAL BTAR ASSETS  
Sum of rows 1, 2 and 8 
Rows 13 to 
19 
See definitions in template 7 (rows 41 to 50) 
 
 
Template 9.2 - BTAR % 
 
47. Institutions shall disclose in this template the % of BTAR assets as disclosed in template 
1 compared to the total assets in the denominator of the BTAR as disclosed in row 17 
of template 9.1. 
Template 9.2 - BTAR % 
48. This template includes a summary of the BTAR KPI, breakdown by climate change 
environmental objective, and total, and with the breakdown for stock and flow. 
 
Template 10 – Other climate change mitigating actions that are not covered in the EU 
Taxonomy 
 
49. This template covers other climate change mitigating actions and includes exposures of 
the institutions that are not taxonomy aligned according to templates 7 and 8 but that 
still support counterparties in the transition and adaptation process for the objectives of 
climate change mitigation and climate change adaptation. These mitigating actions and 
activities shall include bonds and loans issued under standards other than the EU 
standards, like e.g. green bonds; sustainable bonds that are linked to aspects on climate 
change; sustainability-linked bonds that are linked to aspects on climate change; green 
loans; sustainability loans that are linked to aspects on climate change; sustainability-
linked loans that are linked to aspects on climate change.   
50. Institutions shall include in the narrative accompanying this template detailed 
explanations on the nature and type of mitigating actions reflected in this template,

45 
 
including information on the type of risks that they aim to mitigate, climate change 
objectives that they support, on the related counterparties and on the timing of the 
actions. They shall also explain why these exposures are not fully aligned with the EU 
Taxonomy criteria, and are not sustainable according to the taxonomy regulation but 
still contribute towards mitigating climate change risk transition or physical risk, as well 
as any other relevant information that may help understand the risk management 
framework of the institution. 
Columns 
Instructions 
a 
Type of financial instrument 
The type of financial instrument in accordance with Annex V to Commission 
Implementing Regulation (EU) (EU) No 2021/451. 
Institutions shall use their internal definitions and common definitions available 
at the EU level, such in current industry practices. 
b 
Type of counterparty 
The type of counterparty in accordance with paragraph 42 of Part 1 of Annex V 
to Commission Implementing Regulation (EU) (EU) No 2021/451. 
c 
Gross carrying amount (million EUR) 
The gross carrying amount as defined in paragraph 34 of Part 1 of Annex V to 
Commission Implementing Regulation (EU) (EU) No 2021/451. 
d 
Type of risk mitigated (Climate change transition risk) 
Indication of the type of risk that is being mitigated with that action: climate 
change transition risk. 
e 
Type of risk mitigated (Climate change physical risk) 
Indication of the type of risk that is being mitigated with that action: climate 
change physical risk. 
f 
Qualitative information on the nature of the mitigating actions 
Open text on the nature of the mitigating actions by contributing to climate 
change mitigation in accordance with Article 10 of Regulation (EU) 2020/852 
and to climate change adaptation in accordance with Article 11 of that 
Regulation, and on the reasons why the exposures do not compute as taxonomy 
aligned for the purpose of the green asset ratio.