ECB sets 2024 climate change deadline for big eurozone banks

Eurotower, Frankfurt, home to ECB banking supervision
Photo: ECB

The European Central Bank said today (November 2) that major eurozone banks must comply with its climate change expectations by the end of 2024.

The ECB also published the results of a thematic review, finding that most supervised banks were far from adequately dealing with climate and environmental risks. In order to give more urgency to banks’ plans, the ECB also set additional deadlines in the period leading up to the end of 2024.

“Climate change has made it to the top levels within banks

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