In line with its climate action programme unveiled in July 2021(see EUROPE B12758A1), on Monday, 4 July the ECB unveiled several decisions aimed at reducing its exposure to climate change risk.
“Within the limits of our mandate, we are taking further concrete steps to integrate climate change into our monetary policy operations. (...) Further measures will be adopted to ensure that our activities are aligned with the objectives of the Paris Agreement”, ECB President Christine Lagarde...