Bank of England publishes its approach to greening the Corporate Bond Purchase Scheme

The Bank of England has published details of how it will green its Corporate Bond Purchase Scheme. This follows publication of a Discussion Paper in May, and subsequent engagement with a wide range of stakeholders including net zero investment experts, asset managers, climate groups and the wider public. The approach, published alongside a Market Notice, implements the principles set out in that Discussion Paper. It is consistent with targeting a 25% reduction in the weighted average carbon intensity (WACI) of the CBPS portfolio by 2025, and full alignment with net…

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