The European Central Bank said Monday that it will give corporations climate scores before it buys their bonds and intends to prioritize those doing more to reveal and reduce greenhouse gas emissions, filling in details of its efforts to help Europe meet its environmental goals.
The Frankfurt, Germany-based central bank for the 19 countries that use the euro said it was taking the step to support the European Union's climate goals. The companies' scores would measure progress in reducing past emissions, plans to reduce them in the future, and completeness of reporting the amount of greenhouse gases they are emitting.
