ECB starts disclosing climate impact of portfolios on road to Paris-alignment

“These disclosures are a further piece of the puzzle in our efforts to contribute to fighting climate change,” says President Christine Lagarde.

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Friday, March 24, 2023

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“These disclosures are a further piece of the puzzle in our efforts to contribute to fighting climate change,” says President Christine Lagarde.
The disclosures also show that the ECB has more than halved emissions from corporate and equity investments in its staff pension fund since 2019.
For its own funds portfolio, the ECB has gradually increased the share of green bonds, up from 1% in 2019 to 13% in 2022.
From now on, the ECB will disclose climate-related information on these portfolios every year, while continuously improving the disclosures as the quality and availability of data progress.
Similarly, the ECB Governing Council will consider setting such targets for corporate sector portfolios.
A dedicated ECB page will list the disclosures of all Eurosystem central banks as they are published over the coming weeks.
By publishing these disclosures, the Eurosystem is delivering on one of the key commitments outlined in its climate change action plan.