esg risk
as defined in CRR, Article 4(1), point (52d) (Definitions)
the risk of any negative financial impact on an institution stemming from the current or prospective impact of environmental, social or governance (ESG) factors on that institution’s counterparties or invested assets; ESG risks materialise through the traditional categories of financial risks;
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Also defined in
- Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit… 02013L0036-20260711, Article 3(1), point (68)
(68) 'environmental, social and governance risk' or 'ESG risk' means environmental, social and governance risk as defined in Article 4(1), point (52d), of Regulation (EU) No 575/2013;