Question for written answer Z-006/2021 to the European Central Bank Rule 140 Aurore Lalucq (S&D), Eric Andrieu (S&D), Maria Arena (S&D), Milan Brglez (S&D), Cyrus Engerer (S&D), Jonás Fernández (S&D), Niels Fuglsang (S&D), Raphaël Glucksmann (S&D), Sylvie Guillaume (S&D), Nora Mebarek (S&D), Csaba Molnár (S&D), Pierre Larrouturou (S&D), Evelyn Regner (S&D), Sándor Rónai (S&D), Paul Tang (S&D), Marianne Vind (S&D), Pascal Canfin (Renew), Margrete Auken (Greens/EFA), David Cormand (Greens/EFA), Ignazio Corrao (Greens/EFA), Jakop G. Dalunde (Greens/EFA), Claude Gruffat (Greens/EFA), Pär Holmgren (Greens/EFA), Alice Kuhnke (Greens/EFA), Sylwia Spurek (Greens/EFA), Marie Toussaint (Greens/EFA), Ernest Urtasun (Greens/EFA), Manon Aubry (The Left), Leila Chaibi (The Left), José Gusmão (The Left), Petros Kokkalis (The Left), Emmanuel Maurel (The Left), Marisa Matias (The Left), Dimitrios Papadimoulis (The Left), Eugenia Rodríguez Palop (The Left), Stelios Kympouropoulos (The Left), Fabio Massimo Castaldo (NI), Clara Ponsatí Obiols (NI) Subject: Integrate the climate emergency into European Central Bank's missions When the European Central Bank was created, there was no political consensus on the issue of climate change, nor the measures to stop it. It was therefore normal that the ECB did not take this systemic risk into account and integrate it to its missions. Now that the Union has adopted the objective of carbon neutrality and that climate risk is a fully documented fact, it is the duty of the ECB to adapt its action. Let us recall that even the Federal Reserve warns us of the "significant risks posed by climate change to financial stability". While ensuring financial stability and protecting citizens from systemic risks is one of the essential tasks of the ECB: 1. Isn't it time to switch to a proactive and qualitative approach to risk management (for example by adapting leverage ratios to the level of pollution of the sectors, etc.)? 2. Isn't it time for the ECB to green its asset purchase policy as well as that of the banks it oversees? 3. In the absence of such changes in its actions, is the ECB not going against its very mission of stability and supervision of the financial system? QZ\1222011EN.docx PE663.187v01-00 EN United in diversityEN.