Recital 1

(1)On 9 September 2022, the Governing Council adopted Decision (EU) 2022/1613 of the European Central Bank (ECB/2022/29) ¹ , which amended Decision (EU) 2016/948 of the European Central Bank (ECB/2016/16) ² . Decision (EU) 2022/1613 (ECB/2022/29) provided for the incorporation of climate change considerations into the benchmark allocation for corporate bond purchases under the corporate sector purchase programme (CSPP) and the temporary pandemic emergency purchase programme (PEPP), in particular in order to manage the Eurosystem’s exposure to climate-related financial risks, in accordance with a methodology approved by the Governing Council.