Stability Through Sustainability

A manifesto signed by over 40 civil society organisations urging the European Central Bank to align its monetary policy with climate goals through green refinancing, the exclusion of carbon-intensive collateral, and the redirection of asset purchases toward sustainable firms.

• The European Central Bank's current monetary policy is viewed as supporting the fossil fuel-driven status quo, while climate-related shocks such as heatwaves and droughts are actively driving inflation and threatening financial stability.
• The document proposes three specific policy changes for the ECB: introducing green refinancing operations with lower interest rates for green projects, excluding carbon-intensive assets from its collateral framework, and shifting asset purchases toward firms with strong sustainability performance.

APA

Reclaim Finance (2025). Stability Through Sustainability. https://reclaimfinance.org/site/wp-content/uploads/2025/06/Stability-Through-Sustainability-1pager-manifesto.pdf

Chicago

Reclaim Finance. Stability Through Sustainability. 2025. https://reclaimfinance.org/site/wp-content/uploads/2025/06/Stability-Through-Sustainability-1pager-manifesto.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Stability Through Sustainability |date=June 2025 |url=https://reclaimfinance.org/site/wp-content/uploads/2025/06/Stability-Through-Sustainability-1pager-manifesto.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2025stability, author = {{Reclaim Finance}}, title = {{Stability Through Sustainability}}, publisher = {Reclaim Finance}, year = {2025}, month = jun, url = {https://reclaimfinance.org/site/wp-content/uploads/2025/06/Stability-Through-Sustainability-1pager-manifesto.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }