ECB lays out plan to green corporate bond portfolios
The European Central Bank (ECB) presented its plan to green its corporate bond holdings on September 19.
The approach will be based on an issuer-specific climate score that aims to reward companies’ past and present performance CO2 emissions, as well as their future plans to reduce them. The programme aims to trim the Eurosystem’s exposure to climate-related financial risks.
“Issuers’ climate scores will affect their relative weighting in the benchmark guiding the Eurosystem’s ongoing
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