European Banking Authority outlines plans for climate The European Banking Authority (EBA) has confirmed it will develop a climate stress test and further explore the possibility of offering banks favourable prudential treatment for lending to green projects.In its Action Plan on Sustainable Finance,launched today,the EBA urged financial institutions to act now to incorporate ESG factors into their business strategies,describing the European Banking Authority outlines plans for climate The European Banking Authority (EBA) has confirmed it will develop a climate stress test and further explore the possibility of offering banks favourable prudential treatment for lending to green projects.In its Action Plan on Sustainable Finance,launched today,the EBA urged financial institutions to act now to incorporate ESG factors into their business strategies,describing the E