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Climate-related financial disclosures

Tackling climate change starts with having reliable data. Only then can we accurately measure our impact on the climate and understand the risks we face. This gives us a basis for taking meaningful and effective action.

Since 2023, the European Central Bank (ECB) and all Eurosystem national central banks have collectively published climate-related financial disclosures. These disclosures are updated once a year.

Over time, they reflect our efforts to decarbonise portfolios on a path that supports the goals of the Paris Agreement and the EU’s climate neutrality objectives as set out in the European Climate Law.

What do the climate-related financial disclosures cover?

Disclosures of Eurosystem assets held for monetary policy purposes and of the ECB’s foreign reserves

This report covers the Eurosystem’s holdings of public sector, corporate and covered bonds under the asset purchase programme and the pandemic emergency purchase programme, as well as the ECB’s foreign reserves.

Climate-related financial disclosures of Eurosystem assets held for monetary policy purposes and of the ECB’s foreign reserves
Disclosures of the ECB’s non-monetary policy portfolios

This report covers the ECB’s non-monetary policy portfolios. The ECB – and all Eurosystem central banks (see list below) – discloses climate-related information on their non-monetary policy portfolios, which they each manage under their own responsibility.

Climate-related financial disclosures of the ECB’s non-monetary policy portfolios

Key facts on the climate-related financial disclosures

What?

Our disclosures provide information on the carbon footprint and climate risk of the financial assets held by the European Central Bank (ECB) and the euro area national central banks, collectively known as the Eurosystem.

Why?

Our disclosures make the climate-related risks and impact of our portfolios more transparent. This strengthens the basis for our decision making and gives others a clearer insight into the risks and impacts.

How?

All disclosures are based on a harmonised approach in line with the Eurosystem common disclosure principles. These are based on the recommendations of the Task Force on Climate-related Financial Disclosures whose monitoring responsibilities have now been taken on by the IFRS Foundation.

Overview of Eurosystem climate-related financial disclosures

Austria

Oesterreichische Nationalbank

Belgium

Nationale Bank van België/Banque Nationale de Belgique

Croatia

Hrvatska narodna banka

Cyprus

Central Bank of Cyprus

Estonia

Eesti Pank

Finland

Suomen Pankki – Finlands Bank

France

Banque de France

Germany

Deutsche Bundesbank

Greece

Bank of Greece

Ireland

Central Bank of Ireland

Italy

Banca d’Italia

Latvia

Latvijas Banka

Lithuania

Lietuvos bankas

Luxembourg

Banque centrale du Luxembourg

Malta

Central Bank of Malta

The Netherlands

De Nederlandsche bank

Portugal

Banco de Portugal

Slovakia

Národná banka Slovenska

Slovenia

Bank Slovenije

Spain

Banco de España

SEE ALSO

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More information on the disclosures

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