by Niccolò Pisaneschi and Roberto Mascelloni
Studio Legale La Scala
In 2022, the Bank of Italy published the supervisory expectations on climate and environmental risks. The document is addressed without distinction to all subjects whose activity is subject to authorization and supervision by the Bank of Italy pursuant to the TUB (Bamking Sector Unique Regulation) and the TUF (Financial Markets Unique Regulation) and therefore banks and intermediaries like SIM, SGR, SICAV, SICAF, payment institutions.
Underlying these expectations is the need to adopt a sustainable finance model, which integrates environmental, social and governance (ESG) factors.
. Indeed, although the implementation of policies. . .
