ECB: Climate Protection To Be Given A Big Boost

The ECB has decided on a comprehensive plan to further incorporate climate change considerations into its monetary policy. A package of measures is to be implemented by 2024. Companies are required to disclose their climate risks in order to qualify for corporate asset purchases. For its own corporate bond portfolio, the ECB is likely to define criteria in the medium term that take climate protection aspects into account. The climate agenda is not taking over monetary policy completely; rather an appropriate mix of measures are being adopted to address climate policy challenges