The purpose of the study is to provide the Contracting Authority with input to facilitate the achievement of the following objectives:

— integrating environmental, social and governance (ESG) risks into EU banks' risks management processes,

— integrating ESG risks into EU prudential supervision,

— integrating ESG objectives into EU banks' business strategies and investment policies.

The successful tenderer will have to carry out the following tasks:

I. Identification and stocktaking of best practices/principles for the integration of ESG risks into EU banks' risk management processes;

II. Identification and stocktaking of best practices/principles for the integration of ESG risks into EU prudential supervision;

III. Analysis of the impediments to the development of a well-functioning EU market for green finance and sustainable investment and the identification of appropriate instruments and strategies to promote the scaling-up of green finance and of the market for sustainable financial products.