The European Central Bank (ECB) will introduce a new climate-focused measure within its collateral framework to safeguard the Eurosystem against the financial risks posed by climate-related transition shocks. The ECB’s...
European banks have made notable progress in identifying, managing, and mitigating climate and nature-related risks, according to Frank Elderson, Vice-Chair of the ECB Supervisory Board. However, he cautioned that more...
The European Central Bank (ECB) has decided to expand its work on climate change, identifying three focus areas that will guide its activities in 2024 and 2025: “A hotter climate...
The European Central Bank (ECB) has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related...
The European Central Bank has published a first set of climate-related statistical indicators to better assess the impact of climate-related risks on the financial sector and to monitor the development of...
Decarbonization to be based on issuer-specific climate score Corporate bond holdings to be tilted towards issuers with better scores Tilting to be applied to all corporate bond purchases settled as...
The European Central Bank’s ongoing climate stress test was not designed to force non-compliant banks to hold more capital but that could still be the outcome of the exercise, ECB...