Daily Management Review

Invesco: two-thirds of central banks consider climate issues to be their responsibility


07/12/2021


63% of central bankers believe climate change issues are within their remit, Invesco reported in a survey of 141 central bank and sovereign wealth fund executives.



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According to the survey, 45% of central bank governors believe that addressing the effects of climate change should be a monetary policy objective. Twenty-four percent disagreed with this statement, with 31% refraining from a categorical answer.

For sovereign funds, climate risk was the third risk to be given greater weight in 2020, after market and liquidity risks. 

Excluding COVID-19, sovereign wealth fund representatives most frequently (62%) cited climate change as one of the macroeconomic themes affecting investment management decisions.

Note that in June, the president of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, announced a commitment to increase the share of investment in green projects to 40% by the end of the year. 

By the end of 2022, she said, the EBRD's operations will be fully compliant with the Paris climate agreement.

source: invesco.com