The European Central Bank has published its latest climate-related financial disclosures for its non-monetary policy portfolios, covering the ECB’s staff pension fund and own funds portfolio. The report says the ECB is on track to reduce emissions in line with its interim targets and to support the low-carbon transition through higher green bond holdings. In the own funds portfolio, the share of green bonds rose to 33% at the end of 2025 from 28% a year earlier, equivalent to EUR 7.6 billion of transition funding, while the staff pension fund’s corporate investments recorded an 11% fall in carbon footprint in 2025. The disclosures cover about EUR 26 billion of investments and show how climate objectives are being implemented across the two portfolios. In the EUR 2.9 billion staff pension fund, 80% is invested in corporate assets that track EU Paris-aligned benchmarks, with the ECB expecting the carbon footprint of those corporate investments to fall by at least 40% by 2030 and 70% by 2040 versus a 2023 baseline. In the EUR 23.1 billion own funds portfolio, 92% of green bond funding was allocated to EU issuers, and the ECB also increased its exposure to equity exchange-traded funds tracking EU Paris-aligned benchmarks. The report expands disclosure by adding inflation-adjusted climate metrics and, for the first time in the main body, relative scope 3 emissions metrics, while continuing to report exposures to nature-related priority sectors. For 2026, the ECB has set a target for its own funds portfolio of at least 35% in green bonds and at least 38% combined in green and sustainability bonds. It also intends to increase equity ETF investments tracking Paris-aligned benchmarks to as much as 5% of the total own funds portfolio during 2026, after which the target will be reviewed again.
European Central Bank2026-06-15
European Central Bank publishes climate disclosures showing non-monetary portfolios on track and 2026 green bond target raised to 38%
The European Central Bank’s latest climate disclosures show its roughly EUR 26 billion non-monetary policy portfolios are on track against interim decarbonisation targets. In the own funds portfolio, the green bond share rose to 33% in 2025, providing EUR 7.6 billion of low-carbon transition funding, while the staff pension fund’s corporate carbon footprint fell 11%. The report also adds inflation-adjusted metrics and relative scope 3 emissions metrics for the first time.