Being transparent about climate risks - European Central Bank
Being transparent about climate risks
How transparent do organisations need to be about climate risks, and why does it matter? Where do banks and the ECB stand on sharing this information?
Our host Katie Ranger speaks with Executive Board member and Supervisory Board Vice-Chair Frank Elderson in this episode of The ECB Podcast.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 13 May 2023 and recorded on 8 May 2023.
01:27 What are climate disclosures and why do they matter?
What information organisations should share about their climate-related risks, the forms these disclosures can take, and why they’re important for people, companies, investors and institutions.
05:52 Greenwashing and making sure disclosures aren’t misleading
How we can make sure organisations are acting – and not just sounding – green, and how to know if the climate information can be trusted.
13:32 How well are banks disclosing their climate risks?
What our latest report reveals about the progress banks have made in becoming more transparent when it comes to climate risks, and what we expect from them as their supervisor.
17:50 The ECB’s own climate disclosures
What our first set of climate disclosures shows about the carbon footprint of corporate bonds we bought as part of our monetary policy and other investments.
22:38 Our guest’s hot tip
- Press release: Banks must continue improving climate risk disclosures as new EU rules take effect, ECB report shows
- Press release: ECB starts disclosing climate impact of portfolios on road to Paris-alignment
- Explainer: What are climate disclosures?
- Speech by Frank Elderson: Policymakers as policy takers – accounting for climate-related and environmental factors in banking supervision and monetary policy
- The ECB Podcast: Greening the financial system: milestones in our climate change journey, 9 July 2022
- Climate change and banking supervision
- Climate change and the ECB
- European Banking Supervision
Related Knowledge Center: Climate science
What began as a theory in the 1890s — that industrial emissions of carbon dioxide could increase global temperatures — had progressed to a scientific fact a century later. Scientists across a range of disciplines are studying the impact of the still-growing concentration of carbon dioxide and other so-called “greenhouse gases” in the atmosphere as they call for industrial and governmental policies to slow, then halt, the warming of the planet.