The European Supervisory Authorities (EBA, EIOPA, and ESMA) have launched a public consultation on draft Joint Guidelines on ESG stress testing. The guidelines aim to harmonize methodologies and practices among supervisors in the banking and insurance sectors to integrate environmental, social, and governance risks into supervisory stress tests. The consultation will run until September 19, 2025, and stakeholders are invited to provide feedback through an online survey. The guidelines establish a common framework for developing ESG-related stress testing methodologies and standards across the EU's financial system. They provide guidance on the design and features of stress tests with ESG elements, as well as organizational and governance arrangements. The guidelines aim to foster a consistent and long-term approach to ESG stress testing, accommodating future methodological advancements and improvements in data availability. The ESAs will hold an online public hearing on the draft guidelines on August 26, 2025. All responses to the consultation will be published on the ESAs' respective websites unless otherwise requested. The guidelines are mandated by the Capital Requirements Directive and the Solvency II Directive. The consultation paper is available, and further information can be obtained from the ESAs' press office.