15 June 2026

• Eurosystem and ECB portfolios on track to meet emissions reduction targets
• Inflation-adjusted emissions metrics disclosed for first time to further improve transparency
• Green bond share in ECB own funds increases further, supporting green transition

The European Central Bank (ECB) today published for the fourth time a set of climate-related financial disclosures. They provide an overview of the carbon footprint and climate-related risks of the Eurosystem’s monetary policy portfolios, the ECB’s foreign reserves and the ECB’s non-monetary policy portfolios, which include its staff pension fund and own funds portfolio.

Emissions associated with the Eurosystem’s monetary policy portfolios and the ECB’s foreign reserves continued to decline in absolute terms, which was mainly driven by the ongoing run-off of these portfolios, which declined by 13% in 2025.

The Eurosystem remained on track in 2025 to meet its interim emissions reduction targets, set on a relative…