Bonds - ECB checks climate protection - economy

The European Central Bank (ECB) wants to pay even more attention to climate protection criteria when purchasing corporate bonds. To this end, starting in October, it will take into account a so-called climate score for all purchases of such bonds - a number of points with a view to the emissions of greenhouse gases and the climate targets of the companies. As the ECB also announced on Monday, this initially applies to the reinvestment of cash funds that are due from existing bonds. However, the ECB will not sell any paper even if the issuer has a low climate score. However, the climate score assigned to each company should not be made transparent. "One goal is to reduce the Eurosystem's exposure to climate-related financial risks," the ECB said of its plans. The measures serve the green transformation of the economy and are in line with the climate neutrality goals of the European Union.

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