Further ECB steps to incorporate climate change into monetary policy implementation

In the framework of the European Central Bank, we have taken further measures to incorporate climate change into monetary policy implementation. In compliance with our action plan, the measures predict that climate change will be taken into consideration at corporate bonds purchase, collateral framework and demands of risk disclosure and management.

The measures will be directed in reducing financial risk in the Eurosystem’s balance sheet connected with climate change and in encouraging transparency and transition into green economy. All measures will be part of regular inspection, where the ECB will review if they suit their intention and whether they comply with the goals of the Paris Agreement and EU climate neutrality. 

The ECB's press release is available here.