ECB bond holdings exposed to nature-related financial risks – paper
Study warns corporate bond holdings rely on ‘ecosystem services’ and contribute to biodiversity loss
Central banks’ bond purchases could be exposing them to nature-related financial risks, as well as contributing to climate change and biodiversity loss, new research finds.
The paper, published by University College London, focuses on the European Central Bank’s corporate bond holdings. Researchers Adrienne Buller, Katie Kedward and Josh Ryan-Collins draw on the Encore database, which highlights how economic activity both impacts and depends upon the natural world.
The authors find 40% of the
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