{"id":21799,"date":"2026-08-04T20:27:50","date_gmt":"2026-08-04T18:27:50","guid":{"rendered":"https:\/\/www.cbcsd.cz\/?p=21799"},"modified":"2026-08-04T20:28:39","modified_gmt":"2026-08-04T18:28:39","slug":"ecb-expands-application-of-climate-risk-factors-in-collateral-framework-to-corporate-loans","status":"publish","type":"post","link":"https:\/\/www.cbcsd.cz\/en\/ecb-expands-application-of-climate-risk-factors-in-collateral-framework-to-corporate-loans\/","title":{"rendered":"ECB Expands Application of Climate Risk Factors in Collateral Framework to Corporate Loans"},"content":{"rendered":"<p>On 24 July 2026,<strong> the European Central Bank <\/strong><strong>\u00a0<\/strong>(<strong>\u201cECB\u201c<\/strong>) <strong>announced that it will extend the use of climate factors within the Eurosystem collateral framework to certain eligible credit claims involving non-financial corporations<\/strong><strong>.<\/strong> The measure aims to strengthen the Eurosystem\u2019s risk management framework and address uncertainties associated with the green transition. The full announcement is available at this <a href=\"https:\/\/www.ecb.europa.eu\/press\/pr\/date\/2026\/html\/ecb.pr260724_4~f082ce289d.en.html\" target=\"_blank\" rel=\"noopener\">link<\/a>.<\/p>\n<p>The decision <strong>builds on the introduction of climate factors for non-financial corporate bonds, which became effective in June 2026<\/strong>. According to the ECB, climate policy changes, technological developments, litigation risks and shifts in consumer behaviour may significantly influence collateral values.<\/p>\n<p>The climate factor will be calculated using sector-level stress indicators, the debtor\u2019s exposure to transition risks and the residual maturity of the asset. <strong>The additional reduction applied to collateral values will be capped at 5%, with implementation expected no earlier than the end of 2027<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 24 July 2026, the European Central Bank \u00a0(\u201cECB\u201c) announced that it will extend the use of climate factors within the Eurosystem collateral &#8230; <a class=\"cz_readmore\" href=\"https:\/\/www.cbcsd.cz\/en\/ecb-expands-application-of-climate-risk-factors-in-collateral-framework-to-corporate-loans\/\"><i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i><span>\u010c\u00edst v\u00edce<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":21797,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","iawp_total_views":0},"categories":[577],"tags":[],"_links":{"self":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/21799"}],"collection":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/comments?post=21799"}],"version-history":[{"count":1,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/21799\/revisions"}],"predecessor-version":[{"id":21800,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/posts\/21799\/revisions\/21800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/media\/21797"}],"wp:attachment":[{"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/media?parent=21799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/categories?post=21799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cbcsd.cz\/en\/wp-json\/wp\/v2\/tags?post=21799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}