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
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