ECB to extend use of climate factors in Eurosystem collateral framework to non-financial corporate credit claims
What changed vs prior statement
- 01No material change in rate guidance; slight easing of terms maintains focus on price terms.
- 02Introduction of climate factors marks a shift in risk management language, emphasizing climate-related uncertainties.
- 03No vote-record change; consensus on extending collateral framework to address climate risks.
From the original
PRESS RELEASE ECB to extend use of climate factors in Eurosystem collateral framework to non-financial corporate credit claims 24 July 2026 Climate factor extension to protect Eurosystem against potential decline in collateral value due to climate-related transition shocks Measur