SustainCase newsletter – wk19, May 2025
ESMA Releases Proposed Rules for Regulation of ESG Ratings Providers
EU markets regulator the European Securities and Markets Authority (ESMA) announced the publication of its draft Regulatory Technical Standards (RTS) under the EU’s ESG Rating Regulation, setting out its proposed rules for ESG ratings providers.
https://www.esgtoday.com/esma-releases-proposed-rules-for-regulation-of-esg-ratings-providers
Bank of England Proposes Updated Climate Risk Expectations for UK Banks, Insurers
The Bank of England has issued new proposals to reinforce its climate-related supervisory expectations for banks and insurers, citing patchy progress and immature risk frameworks since its 2019 guidance.
Case study: How Garanti BBVA works with its clients and customers to encourage sustainable practices
May 6, 2025 – Garanti BBVA, Türkiye’s second-largest private bank, was established in 1946 and boasts consolidated assets worth approximately TL 2 trillion 202 billion (around USD 76 billion) as of December 31, 2023. With a vast network of 796 domestic branches, 8 international branches (including 7 in Cyprus and 1 in Malta), and 1 international representative office, the bank provides a broad range of financial services to its vast customer base of over 25 million individuals. Garanti BBVA’s extensive network is supported by around 18,965 dedicated employees. Garanti BBVA is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.
Case study: How Piraeus Group works with its clients and customers to encourage sustainable practices
April 30, 2025 – The Piraeus Financial Holdings Group holds a significant position in the Greek banking sector, boasting total assets of €76.5 billion as of December 31, 2023. The Group has the largest presence in Greece, with 378 branches domestically and an additional 16 branches in two foreign countries, serving a diverse customer base of 6.0 million active clients. As of December 31, 2023, the Group employed a total of 8,053 full-time equivalents (FTE). Piraeus Group is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.