(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 during the active purchase and reinvestment phases of the corporate sector purchase programme (CSPP) and the temporary pandemic emergency purchase programme (PEPP) 3 , 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.
Recital 1
Recital 1
- 2 Decision (EU) 2016/948 of the European Central Bank of 1 June 2016 on the implementation of the corporate sector purchase programme (ECB/2016/16) ( OJ L 157, 15.6.2016, p. 28 , ELI: http://data.europa.eu/eli/dec/2016/948/oj ). ↩
- 1 Decision (EU) 2022/1613 of the European Central Bank of 9 September 2022 amending Decision (EU) 2016/948 on the implementation of the corporate sector purchase programme (ECB/2016/16) (ECB/2022/29) ( OJ L 241, 19.9.2022, p. 13 , ELI: http://data.europa.eu/eli/dec/2022/1613/oj ). ↩
- 3 Decision (EU) 2020/440 of the European Central Bank of 24 March 2020 on a temporary pandemic emergency purchase programme (ECB/2020/17) ( OJ L 91, 25.3.2020, p. 1 , ELI: http://data.europa.eu/eli/dec/2020/440/oj ). ↩