11/11/2022

Central Bank of Malta Governor addresses the IFS’s Annual Seminar

In line with the strategy of the Eurosystem, the Central Bank of Malta intends to contribute to net zero emissions by adjusting its policy framework in favour of low CO2 emitters, and by enhancing the resilience of the economy to climate-related events. To this end, the Eurosystem will adjust its corporate bond holdings towards issuers with better climate performance and will share its expertise to foster the adoption of best practices. The involvement of the private actors will be essential to finance the transition to net zero by 2050.

These efforts will safeguard the public good of stable prices while fostering the transition to the public good of a clean environment.

This was the main conclusion of the talk delivered by the Governor the Central Bank of Malta, Prof. Edward Scicluna, to the Institute of Financial Services annual's seminar "The ESG Journey: a Pulse Check for the Maltese Economy" on 11 November 2022.

Central Bank of Malta Governor, Professor Edward Scicluna

The other speakers in the seminar were the Hon. Minister for Energy, Enterprise, and Sustainable Development, Dr Miriam Dalli, the Head of Banking Supervision, MFSA, Mr David Eacott, and Mr Grant Ashby, Specialist, at the London Stock Exchange Group and Alexandrina Boyanova, Head of Climate Office, at the European Investment Bank. 

In his intervention, Governor Scicluna focused on the environment and on the fundamental transformations that lie ahead of us, as it is increasingly glaring that climate change is one of the greatest threats faced by humankind this century.

Central Bank of Malta Governor Addresses the IFS’s Annual Seminar

(Photos: Melvin Bugeja)

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