On Thursday 23 March, the European Central Bank (ECB) published information for the first time on the carbon footprint of the private and public securities portfolios it holds for monetary policy purposes and via its staff pension fund. It intends to repeat this exercise each year.
The two reports “give us a clear view of our progress in decarbonising our portfolios and, over time, they will help us to chart the most effective course towards the goals of the Paris Agreement”, Lagarde...