The European Central Bank (ECB) on Monday 19 September clarified how it will direct - from 1 October - its purchases of securities on the financial markets in order to ‘green’ its balance sheet in line with the commitment to the Paris Agreement on Climate (see EUROPE B12986A20).
Its purchasing decision will be based on three quantifiable criteria: - the past greenhouse gas emissions of companies compared to their peers in a specific sector as well as to all eligible bond issuers; -...