ECB and ESG Regulations
European Central Bank is an important market participant in European ESG regulations, but primarily responsible for central bank functions. European regulators also include European Banking Authority (banking sector), European Securities and Markets Authority (asset management sector) and European Insurance and Pensions Authority (insurance sector).
European Central Bank has developed a climate and nature plan that incorporates material ESG factors into monetary policy. ECB is also pushing for decarbonization of its investment portfolio by selecting assets with lower carbon emissions based on a tilted framework.
ECB Released Climate-related Statistical Indicators
The European Central Bank and the central banks of member countries recently released climate-related statistical indicators to consider climate risk in the implementation of monetary policy and the development of the financial system. The European
ECB Incorporates Climate Change into Regulation Supervision
The European Central Bank recently released a report describing the regulatory priorities from 2023 to 2025. ECB believes that changes in global macro financial conditions have imposed greater uncertainty on the European economy, especially