DNB aligns $9.7 billion of reserves with Paris Climate Agreement
Targets aimed to reduce “real-world” carbon emissions beyond portfolio decarbonisation
The Netherlands Central bank (DNB) announced on December 6 it will align its €9 billion ($9.7 billion) investments in equities and corporate bonds with the Paris Climate Agreement.
“This means the carbon footprint of these investment portfolios needs to be halved by 2030” compared to 2019, the DNB said in a statement. This target has been set to achieve “real-world carbon reductions, rather than simply to decarbonise our portfolio”, it said.
About half of the €9 billion is managed internally and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Trends in reserve management 2024: survey results
- People: RBI appoints senior officials
- China to start selling ultra-long term sovereign bonds