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EBA Supports NGFS Declaration on Energy Transition

The European Banking Authority (EBA) supports the NGFS Declaration on the macro-financial dimension of the energy transition, emphasizing climate risk for financial institutions.

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The European Banking Authority (EBA) expressed its support for the NGFS Declaration on 13 November 2026. The Declaration addresses the macro-financial impacts of energy price shocks and climate-related events, calling for an orderly transition across the economy.

The EBA relies on its role as an active member of the Network for Greening the Financial System (NGFS) to support this Declaration. The Declaration emphasizes the need for financial institutions to assess their exposure to climate-related risks.

The EBA's support applies to all regulated entities within the financial sector. These entities are expected to align their strategies with the call for an orderly transition, particularly regarding risk management and reporting practices.

Source: EBA, official publication, retrieved 2026-11-13

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