ECB publishes new statistical indicators to narrow climate data gap

Posted on February 3, 2023 by Editor

The European Central Bank (ECB) has published a set of initial, experimental climate-related statistical indicators to help analyse climate-related risk.

“We need a better understanding of how climate change will affect the financial sector, and vice versa. For this, the development of high-quality data is key,” says Executive Board member Isabel Schnabel. “The indicators are a first step to help narrow the climate data gap, which is crucial to make further progress towards a climate-neutral economy.”

The indicators cover sustainable finance (debt instruments), carbon emissions, and climate-related physical risks. They’re currently a work in progress – pertaining to experimental or lower quality, limited data points – but are designed to open a conversation on data surrounding climate-related risk.

With disclosure mandates and supporting standards for sustainability information moving full steam ahead around the world, ensuring that sustainability data can be gathered and discussed with useful, accurate data points, is also important for clear and consistent conversations around net-zero and ESG impacts.

Read more here.

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