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.
In this episode:
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
Additional material:
Press release: Banks must continue improving climate risk disclosures as new EU rules take effect, ECB report shows
https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230421~213bf10fbe.en.html
Press release: ECB starts disclosing climate impact of portfolios on road to Paris-alignment
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230323~05efc3cf49.en.html
Explainer: What are climate disclosures?
https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html
Speech by Frank Elderson: Policymakers as policy takers – accounting for climate-related and environmental factors in banking supervision and monetary policy
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230421~489cd977e0.en.html
The ECB Podcast: Greening the financial system: milestones in our climate change journey, 9 July 2022
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220709_episode36.en.html
Climate change and banking supervision
https://www.bankingsupervision.europa.eu/about/climate/html/index.en.html
Climate change and the ECB
https://www.ecb.europa.eu/ecb/climate/html/index.en.html
European Central Bank
www.ecb.europa.eu
European Banking Supervision
www.bankingsupervision.europa.eu
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.
In this episode:
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
Additional material:
Press release: Banks must continue improving climate risk disclosures as new EU rules take effect, ECB report shows
https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230421~213bf10fbe.en.html
Press release: ECB starts disclosing climate impact of portfolios on road to Paris-alignment
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230323~05efc3cf49.en.html
Explainer: What are climate disclosures?
https://www.ecb.europa.eu/ecb/educational/explainers/html/what-are-climate-disclosures.en.html
Speech by Frank Elderson: Policymakers as policy takers – accounting for climate-related and environmental factors in banking supervision and monetary policy
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230421~489cd977e0.en.html
The ECB Podcast: Greening the financial system: milestones in our climate change journey, 9 July 2022
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220709_episode36.en.html
Climate change and banking supervision
https://www.bankingsupervision.europa.eu/about/climate/html/index.en.html
Climate change and the ECB
https://www.ecb.europa.eu/ecb/climate/html/index.en.html
European Central Bank
www.ecb.europa.eu
European Banking Supervision
www.bankingsupervision.europa.eu
Activity