Second, we should examine the idea of using only those ratings into which rating agencies have [13] incorporated climate-related ﬁnancial risks appropriately and transparently. Neither of these measures can be introduced immediately: issuers need time to provide this information, and only once this information is available can rating agencies drill up and adapt their assessment procedures.
10/13  Both measures can ultimately also affect the composition of our monetary policy portfolio of corporate bonds. However, it should not be forgotten that the monetary policy portfolios will remain on our balance sheet only as long as needed for price stability.