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10 December 2020 Supervision Supervision label Factsheet

Following the ECB's recommendation, we apply the ECB Guide on climate-related and environmental risks (“Guide”) in our supervision of less significant institutions (LSIs). In doing so, we follow the approach that the ECB applies to the significant institutions (SIs) under its direct supervision.

In early 2021 we asked the Dutch LSIs to complete a self-assessment. The purpose of this self-assessment was for banks to evaluate their own working methods based on the expectations outlined in the Guide and to draw up an action plan. We evaluated these self-assessments and plans and questioned the banks about them as part of the supervisory dialogue.

The ECB's Guide to climate-related and environmental risks was published on 27 November 2020. It was developed jointly by the ECB and the national competent authorities (including DNB) with the aim of ensuring the consistent application of high supervisory standards across the euro area. The Guide outlines the ECB's supervisory expectations regarding the safe and prudent management of climate-related and environmental risks within the existing prudential framework. The Guide is not binding for institutions, but is intended to serve as a starting point for the supervisory dialogue.

The ECB recommends that the national competent authorities apply the expectations described in the Guide in their supervision of LSIs, taking into account the nature, size and complexity of the activities of the institutions concerned. We follow the ECB recommendation. In April 2020, DNB published Good Practices on the integration of climate-related risk considerations into banks’ risk management. Our application of the ECB Guide is complementary to and in line with these Good Practices.


  • Banks