Europe agrees on common stance for green investments in non-monetary policy portfolios
The Eurosystem central banks – the 19 national central banks of the euro area countries and the European Central Bank – have defined a common stance for applying sustainable and responsible investment principles in the euro-denominated non-monetary policy portfolios that they each manage under their own responsibility.
They indicate the common stance prepares the ground for the measurement of greenhouse gas emissions and other sustainable and responsible investment-related metrics of these portfolios.
The Eurosystem aims to start making annual climate-related disclosures for these types of portfolios within the next two years.
The annual disclosures will be done using the recommendations of the Task Force on Climate-related Financial Disclosures as the initial framework. At a minimum, reporting will cover the category of metrics and targets.
Further details are available here.
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