Many Paris Agreement signatories do not use ESG screens
Most reserve managers fail to take environmental factors into account for FX portfolios
More than three-quarters of central banks do not screen their assets based on environmental, social and governance (ESG) criteria – including many from jurisdictions that have signed up to the Paris Climate Agreement.
Reflecting the relatively nascent stage of ESG investing for many institutions, no central bank reserve managers responding to the benchmarking survey from Africa and the Americas use ESG screens. Central banks from emerging or developing market economies were also among the least
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