Climate action
-
The ECB has developed a climate roadmap.
-
The ECB has committed to incorporate climate considerations in its corporate sector purchase programme.
-
The ECB is conducting the first Europe-wide climate risk stress tests.
-
ECB policymakers have signalled the central bank will consider climate risk in its calculation of banks’ capital requirements.
Climate inaction
-
The ECB’s corporate sector asset purchases and collateral framework have been found to have a bias towards high-carbon companies.
-
The ECB’s refinancing operations are considered to be climate-blind, therefore undermining the EU’s climate goals.
-
The ECB has not given its support to adjusting Pillar 1 capital requirements to align financial flows with the green transition.
-
The ECB has not integrated climate risks into its own internal credit ratings.