61. When institutions take into account longer time horizons for the coverage of ESG risks, these …

When institutions take into account longer time horizons for the coverage of ESG risks, these time horizons should be used as a source of information to ensure a sufficient understanding of the potential implications of ESG risks for capital planning within the regular ICAAP time horizons. The time horizons considered for the determination of adequate internal capital to cover ESG risks should be consistent with the time horizons used as part of the institutions’ overall ICAAP. The ICAAP should be sufficiently forward-looking and where an institution as-sesses that risks should not be covered by capital but be mitigated through other tools or actions, it should be explained.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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