Climate change and the ECB
We are firmly committed to doing our part to address climate change, within our mandate.
Climate change poses risks to our economy and the financial sector. We need to assess how climate change and the transition to a carbon-neutral society affect our economy, so that we can account for their influence on our work as a central bank and banking supervisor. This will help us to keep prices stable and banks safe.
Our climate strategy will evolve over time as the data and models that we use to understand climate-related risks improve. In the meantime, we are already taking action wherever possible.
Ongoing climate action at the ECB
Our climate agenda
Our climate agenda details all ongoing climate-related work at the ECB, grouped into six priority areas and based on our three strategic climate objectives.Our climate agenda
As part of our supervisory role, it is our responsibility to ensure that banks manage risks, including those that stem from climate change. That’s why, as part of our climate agenda, we are working to incorporate climate change considerations into our supervision.Find out more
We continuously work to reduce the environmental footprint of our day-to-day corporate activities.Find out more
Climate change centre
We have set up the climate change centre to help shape and steer our climate agenda, bringing the work and expertise of different business areas together.Press release
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4 July 2022
ECB takes further steps to incorporate climate change into its monetary policy operations
What are the results of our first economy-wide climate stress test? What do they mean for people, companies and banks? In this episode of The ECB Podcast, our host Katie Ranger discusses these questions with Vice-President Luis de Guindos and Irene Heemskerk, the head of our climate change centre.More