ESG/climate/sustainability... what does it all mean for banks' risk management?

While the European Central Bank (ECB) finalised their expectations on the climate and environmental dimension, the European Banking Authority (EBA) shed more light on the EU’s ESG taxonomy and how it would apply to the banking sector more specifically. Locally, the update of the Commission de Surveillance du Secteur Financier’s (CSSF) circular 12/552 and 21/773 call for banks to consider ESG risks in their strategy and risk appetite, with the objective to ensure viability of the bank’s business model.

This leads to risk and operation officers moving forward in their management of ESG risks.

Duration: 2h

Language: Available in English, French and German. The supporting material is only available in English.

Number of participants: up to 15

Available under intra-company course (i.e. dedicated session)



By the end of this course, participants will be able to understand the current regulatory expectations related to ESG risk management and measurement.


  • Regulatory landscape BCBS, ECB, EBA, CSSF
  • Impact on the credit process from origination to archiving
  • Consideration for sustainable/green products with respect to risk management
  • Integration into the risk measurement (rating, LGDs, climate change stress testing)
  • Expected reporting and disclosure obligations

Target audience

Risk managers, credit officers, finance function and/or ESG taskforce members of banks

Our lead experts

This training will be coordinated by Jean-Philippe Maes, Partner at PwC Luxembourg.

Jean-Philippe is a partner in PwC's Regulatory Compliance services. He leads the firm’s banking and PFS risk Advisory team and is the lead advisor for CRD/CRR topics.

He has over 15 years of experience in Basel III areas and has helped many banks, investment firms and management companies to implement Basel III and  prepare for Basel IV. He has worked in most dimensions of risk management, from operational risk to internal models, encompassing reporting aspects (such as COREP/FINREP) and governance matters.

Lately, Jean-Philippe has been focusing on risk appetite frameworks and the management of non-financial risks such as climate, conduct or reputational risks.

Contact us

Contact details

PwC's Academy, Crystal Park Building, PwC Luxembourg

Tel: +352 49 48 48 4040

Follow us