In its latest press release of 4th July 2022, the Governing Council of the European Central Bank (ECB) committed to « take climate change into account in its corporate bond purchases, collateral arrangements, reporting requirements and risk management, in line with its climate action programme ».
This strategy of « greening » European monetary policy is taking place in a context where social and environmental risks seem to be growing on a global scale: giant fires, the multiplication of conflicts over access to resources, or the systemic and brutal collapse of biodiversity are all indicators that, from now on, no one can ignore.
