In Decision (EU) 2016/948 (ECB/2016/16), the following Article 4a is inserted:
‘Article 4a
Incorporation of climate change considerations into the benchmark allocation
The benchmark allocation referred to in Article 4(3) shall incorporate climate change considerations, in particular in order to address the management of the Eurosystem’s exposure to climate-related financial risks, in accordance with methodology approved by the Governing Council. This Article shall apply to transactions settled on or after 1 October 2022.’.