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 Measure complements existing risk control framework and increases resilience of monetary policy implementation Implementation by end-2027 at earliest, with climate factor values updated annually The Governing Council of the European Central Bank (ECB) has decided…