Fostering wider action
Addressing climate change is a global challenge and action is needed on all fronts. We share our expertise to foster action beyond the ECB, and work to adopt and promote best practices with regard to tackling climate change and nature degradation and loss.
Results of our environmental footprint analysis of euro banknotesHow does the ECB aim for best practices and foster wider action?
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We cooperate closely with European and international partners
We work with European and international partners to enhance transparency on climate-related matters, improve environmental performance and bridge data gaps. We provide analysis and expertise with the aim of fostering a broader understanding of climate and nature-related risks and economic opportunities. We also strive for a greater understanding of how to apply best practices in our own work, including our climate-related disclosures and sustainable investing.
We work to improve the transparency of our own activities
By disclosing climate-related information about our monetary and non-monetary policy portfolios and environmental footprint, we aim to increase the transparency of our actions. This helps contribute to the availability of climate-related data and to knowledge both inside and outside the ECB concerning the economic implications of climate change. It also puts market participants in a better position to handle future climate-related challenges.
We reduce our own environmental impact
As a contribution to the European Green Deal, the ECB and other EU institutions are working to help the European Union achieve its target of climate neutrality by 2050, and its interim goal of reducing greenhouse gas emissions by 55% by 2030. We are therefore continuously working to reduce the environmental footprint of our day-to-day corporate activities. For example, we are taking measures to increase the environmental sustainability of the cash cycle. For our non-monetary policy portfolios, we are also working on setting targets for net-zero emissions by 2050 at the latest.