05/02/2021

Eurosystem agrees on common stance for climate change-related sustainable investments in non-monetary policy portfolios

The 19 national central banks of the euro area countries and the European Central Bank (ECB) have taken an important step towards the transition to a low-carbon economy and to EU climate goals.

They have defined a common stance for applying sustainable and responsible investment principles in their respective euro-denominated non-monetary policy portfolios. 

This common stance will help all Eurosystem members to increase the awareness and understanding of climate risks while promoting climate-related disclosures.

The decision was welcomed by Central Bank of Malta Governor Edward Scicluna: “This couldn’t have come at a better time for our Central Bank since we have been recently working on a similar strategy for our investments. Joint public procurement of investment advice is beneficial to all central banks but especially so for small country ones.”

You can read the full ECB press release here.

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