The involvement of the ECB in climate policies is insane and contrary to its original mission! This is a very dangerous mission creep that has been going on for several years!
This clearly is an extension if not expansion of public policy without voters consent!
This is an attempt of top down control of businesses to comply with the Global Warming agenda hoax and Climate Change religion agenda!
Probably the French President of the ECB, i.e. Christine Lagarde is to blame too. I have blogged about this dubious woman before at least a dozen times.
"Five years ago, less than a quarter of the banks under our supervision had incorporated climate-related and environmental (C&E) risk in their risk management frameworks. We have come a long way since then. Most banks have now drawn up materiality assessments that are aligned with our supervisory expectations. But this is only a first step, and much more work lies ahead. ..."
Credits: Wo endet das Mandat der EZB?
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