+a. Strategic objectives and roadmap of the plan

a. Strategic objectives and roadmap of the plan

i. High-level overarching stra-tegic objective to address ESG risks in the short, medium and long term, in line with overall business strategy and risk appe-tite.Overarching objective: Short, me-dium and long term:This pertains to the overarch-ing strategic objective institu-tions seek to accomplish con-cerning ESG risks, in line with the incorporation of ESG risks in business and risk strategies and risk appetite in accord-ance with section 5.2 and sec-tion 5.3. This pertains to how the stra-tegic objective applies across the different time horizons considered in accordance with section 6.3.2.# Qualitative description of strategies to ensure the compatibility of business models with the transition to a climate-neutral and sustainable economy, par-ticularly when subject to CSDDD and/or CSRD re-quirements, and how these strategies affect the direction and priorities for ESG risk management ini-tiatives # High-level approaches to manage ESG risks iden-tified as most material given the institution's scope of activities and ma-teriality assessment# Overarching objec-tives could be linked to Qualitative: selected KPI or KRI tar-Table 1 gets ESRS-E1-1 (a) (b) ESRS Table 2 # Cross-reference to ESRS-E1-MDR-P (a) (b) other parts of the plan ESRS-E1-2 Table 3 may be considered e.g. (c) (d) towards part a(ii) or part b2 - BP1
ii. Comprehensive set of long-term goals with intermediate milestones to ensure resilience of the business model towards ESG risks, including consistency of business structure and reve-nues with such milestones.Long term goals: Intermediate milestones: Consistency of business structure and revenues with milestones: Key assump-Long term goals that support the realisation of the over-arching objective over a time horizon of at least 10 years in accordance with the CRD and paragraph 99 of the Guide-lines. Intermediate milestones measuring progress towards long-term goals, in accordance with paragraph 100 of the Guidelines. How the institution will ensure its ability to generate ade-quate profitability along the path. This pertains to the documen-tation of key methodological# Long-term goals to ad-dress risks stemming from the EU objective to achieve net-zero GHG emissions by 2050, with intermediate milestone in 2030 considering the EU objective to reduce emis-sions by 55% compared to the 1990 level # Long-term goals and in-termediate milestones to address risks stemming from EU objectives re-lated to deforestation or nature restoration # How the institution en-sures that its business structure and revenue streams are aligned with its long-term goals and in-termediate milestonesQualitative: # Financial exposure to Table 1 ESRS-E1-1 different economic (b) (j) sectors Table 2 GHG # Portfolio alignment (b) (k) (l) targets: metrics Table 3 E1-4 # Profitability metrics: (c) (d) return and risk ad-justed return indica- Quantita-tors across relevant tive: breakdowns (e.g. sec- Template 1 tors, portfolios, prod- Template 3 ucts...) # Business strategy metrics: forward look-ing KPIs describing the institution's strategy in terms of pricing, capi-tal, liquidity, balance sheet allocation # Percentage of ESG milestones achieved on time # Degree of alignmentreduction ESRS-47
iii. Key assumptions, inputs and background information rel-evant to the understanding of in-stitutions’ objectives and tar-gets, including selection of cen-tral or reference scenario(s) and institutions’ conclusions stem-ming from the outcomes of ma-teriality assessments of ESG risks, portfolio alignment assess-ments and other scenario anal-yses.tions and se-lection of ref-erence sce-nario(s): Outcomes of materiality as-sessment, portfolio alignment as-sessments and scenario anal- y ses:criteria and assumptions in ac-cordance with paragraph 108, including reference scenario(s) selected by the institution in line with section 6.3.1. Key findings and conclusions from materiality assessment, portfolio alignment methods and scenario analyses, con-ducted in accordance with sec-tion 4.# Identification of and jus-tification for scenario(s) selected e.g. from na-tional environmental agencies, Joint Research Center of the EU Commis-sion, IEA, NGFS, IPCC # Qualitative description of material environmental transition and physical risks faced by the institu-t ionor misalignment com-pared to climate-re-Qualitative: lated pathways and/or Table 1 benchmark scenarios (j) (k) (l) for selected sectors Table 2 and/or counterparties (h) (i) (j) ESRS-E1-SBM3 # Quantitative Table 3 ESRS-E1-IRO measures of environ- (d) ESRS-E1-9 mental risk impacts on financial risk categories Quantita-tive: # Quantitative out- Template 3 comes of the material-ity assessment of ESG r isks48

1. Overview

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Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
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