Follow Closely

ECB’s Climate Change Initiatives

The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, which is a group of European Union countries that have adopted the euro as their official currency. The ECB plays a crucial role in maintaining price stability and overseeing the financial system within the Eurozone.

As a supervisory authority, the organization operates to contribute to the safety and soundness of the banking sector by ensuring the industry has made adequate preparations to manage climate-related risk. Furthermore, as a European institution, it plays its part in supporting general economic policies which contribute towards the achievement of the EU’s Treaty-based objectives. These objectives also include protecting the environment.
With this in mind, ECB states three core objectives which steer its work on climate change: managing and mitigating the financial risks associated with climate change and assessing its economic impact, promoting sustainable finance to support an orderly transition to a low-carbon economy, and sharing its expertise to foster wider changes in behaviour.

ECB has a organization-wide climate agenda details the priorities and activities that will help it put these objectives into practice. It incorporates all of ECB’s ongoing climate change-related work, clustered around six strategic priority areas aimed at meeting our core objectives. The agenda will be updated regularly as actions are completed, allowing the organization to reflect on new developments in different areas.

These strategic priority areas include:

Contact Us Today 

Jurcom follows closely the outcomes of Climate Change ECB actions and consults clients with required steps. Contact us today for more information.