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This draft interim study prepared by BlackRock FMA has been prepared as per tender specifications N° FISMA/2019/024/D (the tender specifications), on behalf of the European Commission (the Commission).
In line with the tender specifications, the interim study focuses primarily on the stocktake exercise of current practices by banks and supervisors and is based on a preliminary analysis of the data collected so far. Given this is an interim report, the analysis remains ongoing. Therefore, this document is a work in progress, which is subject to change and reflects the progress of the work as at submission date. The final study should be submitted to the Commission no later than 1 April 2021.
The study consists of the collection and aggregation of information from as wide a range of representative stakeholders as possible, in order to reflect a full spectrum of views. Three stakeholder perimeter groups were defined: (i) banks; (ii) supervisors & regulators; and (iii) international organisations, civil society organisations and other stakeholders. A total of 151 stakeholders were identified and covered in the analysis.
More information on the Commission’s on-going work on sustainable finance can be found here.