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
Our climate-related financial disclosures
As part of our commitment to transparency and our climate objectives, we regularly disclose information about the carbon footprint and climate risk of our investments.Find out more about our disclosures
Internal strategy and coordination
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
LOOKING FOR THE LATEST ON CLIMATE CHANGE?
FIND IT BELOW
27 March 2023
Urgent and vitally important: 2023 as a key milestone in stepping up the management of climate and environmental risks
The ECB Podcast – Greening the financial system: milestones in our climate change journey
What did our climate stress test show? How will we integrate climate change into monetary policy?
Our host Katie Ranger puts these and other questions to Executive Board member Frank Elderson on the ECB Podcast.Listen to the ECB Podcast on climate change