FRANKFURT, March 23 (Reuters) - The European Central
Bank has trimmed the carbon intensity of its 385-billion-euro
stash of corporate bonds but the dwindling of purchases is
slowing its progress, an ECB report showed on Thursday.
In its first such disclosure, the ECB said the carbon
intensity -- a measure which relates a company's emissions to
its revenues and the size of the investment -- of its new
purchases of corporate credit had more than halved since it
adopted a "green tilt" in picking bonds late last year.
(Reporting By Francesco Canepa)
Messaging: francesco.canepa.thomsonreuters.com@reuters.net))
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