GAR coverage misreporting widespread among top EU banks
Sabadell, OTB rectify reporting errors; Helaba backtracks to incorrect method
European banks continue to misreport the green asset ratio (GAR) coverage – one of several new metrics introduced in the European Union to measure the environmental sustainability of banks’ balance sheets. The issue persists despite the six months that have passed since the first round of disclosures, during which banks were expected to adopt the correct methodology.
A Risk Quantum analysis of the Pillar 3 disclosures for Q2 2024 from 28 large EU banks found that 15 of them were not following
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