87. In view of the institutions’ obligation to ensure that arrangements, processes and mecha-nisms …

In view of the institutions’ obligation to ensure that arrangements, processes and mecha-nisms related to their plans are consistent and well-integrated, including in their subsidiaries established outside of the Union, and the obligation of those subsidiaries to be able to pro-duce data and information relevant to the purpose of supervising consolidated plans in ac-cordance with Article 109(2) of Directive 2013/36/EU, parent institutions should take into ac-count ESG risks to which subsidiaries established outside of the Union are materially exposed when elaborating and implementing the consolidated plan, by having regard to applicable local legislation and ESG regulatory objectives, and should be able to demonstrate a well-informed consolidated approach. 38

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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