[3]  As of next Monday, the Eurosystem will take into account a climate score of issuers in all purchases of corporate bonds, in the context of the Eurosystem’s ongoing reinvestment purchases. This will result in the purchase of more bonds issued by companies with a good climate performance and fewer bonds from those with a poor climate performance.
Several policy tools have been available to assist with this process, both from the ELG guarantee scheme – which I understand will very shortly be formally confirmed as applying to 0–3 month maturities – and from central banking liquidity resources to the extent required.