The Central Bank of Ireland published announced its participation in the euro-denominated green bond investment fund for central banks established by the Bank for International Settlements (BIS). The investment follows the participation of the Central Bank in the BIS USD-denominated green bond investment fund in May 2021. Addressing the risks of climate change and supporting the transition to a carbon-neutral economy forms a core aspect of the Central Bank’s multi-year strategy, which goes into effect in January 2022. The announced investment builds on the Central Bank’s existing steps to embed climate change considerations in its own operations, which include the establishment of a dedicated Climate Change Unit and its membership of the Network for Greening the Financial System or NGFS.
Related Link: Press Release
Keywords: Europe, Ireland, Banking, Green Bond, Sustainable Finance, Climate Change Risk, ESG, NGFS, Central Bank of Ireland
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