EBA Guidelines on Environmental Scenario Analysis for Financial Institutions
Summary
The National Bank of Belgium published Circular NBB_2026_03 transmitting EBA Guidelines EBA/GL/2025/04 of 5 November 2025 on environmental scenario analysis. The guidelines establish how financial institutions should conduct scenario analysis to assess environmental risks, including climate-related and nature-related factors. Credit institutions and financial services groups supervised by the NBB must consider these guidelines in their risk management frameworks.
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GovPing monitors National Bank of Belgium for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 6 changes logged to date.
What changed
The NBB circular formally transmits EBA Guidelines on environmental scenario analysis (EBA/GL/2025/04), originally issued on 5 November 2025. The guidelines introduce requirements for financial institutions to incorporate environmental factors, including climate change and biodiversity risks, into their scenario analysis and stress testing frameworks.
Affected credit institutions and financial services groups supervised by the NBB should review their existing risk management practices and update them to align with the EBA guidelines. Compliance teams should coordinate with risk management and stress testing functions to ensure environmental scenario analysis is integrated into forward-looking risk assessments.
What to do next
- Review EBA Guidelines EBA/GL/2025/04 on environmental scenario analysis
- Update risk management frameworks to incorporate environmental scenario analysis
- Align internal stress testing processes with EBA environmental risk guidance
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Circular NBB202603 / EBA Guidelines of 5 November 2025 on environmental scenario analysis (EBA/GL/2025/04)
Circulars and communications NBB202603 Publication date
17 Mar 2026 - 8:00
Area of responsiblity Supervision of financial institutions Sector Financial services groups Credit institutions Theme Risk analysis and management (including ORSA) Risk management
NBB202603 / EBA Guidelines of 5 November 2025 on environmental scenario analysis (EBA/GL/2025/04)
Enclosure: 1 – EBA Guidelines of 5 November 2025 on environmental scenario analysis (EBA/GL/2025/04)
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