European Union:
JONES DAY TALKS®: European Central Bank's Climate Center And Investment Plans Focus On Sustainability
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The European Central Bank's decision to establish a Climate
Change Center and invest in a green bond fund launched by the Bank
for International Settlements reflects the growing importance of
climate change, and ESG more broadly, in ECB policy. The ECB's
focus on climate change and sustainable finance will only grow as
the EU's Sustainable Finance Action Plan continues to
advance.
Jones Day's Linda Hesse and Dr. Michael Fischer discuss The
Bank's aim to reorient capital flows around a more sustainable
economy while managing the financial risks brought by climate
change.
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