October 2023

27 October 2023

Market operations

Regular review of the Eurosystem’s climate score methodology and tilting framework for purchases of corporate sector securities

On 5 October 2023 the Governing Council took note of the first regular review of the implementation of the climate score methodology and tilting framework for purchases of corporate sector securities which came into effect on 1 October 2022. The Governing Council welcomed the conclusion that the methodology and framework had achieved their intended objectives and decided accordingly that the main building blocks of the framework would be maintained. It also decided, in the interest of transparency, to disclose more details of the applied methodology in the relevant ECB Decision (ECB/2016/16). The Governing Council therefore mandated the relevant Eurosystem/ESCB committees to prepare the amending legal act which is expected to be approved in due course by the Governing Council.

Harmonisation of the eligibility…