Riksbank sells Canadian and Australian bonds on climate risks
Swedish central bank based decision on high greenhouse gas emissions in Alberta, Queensland and Western Australia
Sveriges Riksbank recently sold bonds issued by the Canadian state of Alberta, and the Australian states of Queensland and Western Australia, due to their greenhouse gas emissions.
This is part of a new investment policy adopted by the Swedish central bank in 2018, which includes sustainability principles.
“The Riksbank needs to analyse and manage the economic consequences of climate change,” deputy governor Martin Flodén said in a speech today (November 13). “We are now doing this by
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