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ECB Says Data Quality is Key to its own ESG Guidance Tools

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The European Central Bank (ECB) has said the “development of high-quality data” is key to a set of statistical indicators it’s created to help the bank incorporate sustainability risks and markets in its monetary policy decision making. Executive board member Isabel Schnabel made the comment after the ECB said its indicators would focus on sustainable finance, financed emissions and the impact of physical climate risks on portfolios.

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