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Recital 2

Recital 2

(2)Pursuant to Decision (EU) 2022/1613 (ECB/2022/29), climate change considerations were incorporated by means of ‘tilting’ the benchmark towards issuers with a better climate performance, i.e. the share of assets on the Eurosystem’s balance sheet issued by companies with a better climate performance was increased compared to that of companies with a poorer climate performance. As noted in recital 1 of Decision (EU) 2022/1613 (ECB/2022/29), the climate performance of issuers should be measured by reference to their greenhouse gas emissions, the level of ambition of their carbon reduction targets and their climate-related disclosures.

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