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ECB Reports Significant Reduction in Carbon Emissions from Monetary Policy Portfolios and Expands Climate Disclosures

The European Central Bank (ECB) has unveiled its second set of climate-related financial disclosures, revealing a noteworthy decline in carbon emissions from its monetary policy portfolios. Key drivers include the Eurosystem’s tilting framework and issuers’ improved carbon efficiency, with one-fifth of reductions attributed to reinvestments favoring better climate performers. Expanded disclosures now encompass 99.7% of Eurosystem holdings, including public sector assets and covered bonds. The ECB’s initiatives align with the Paris Agreement, setting interim targets for emission reductions and enhancing transparency to bridge climate data gaps.

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