On 15 December 2020, the Network for Greening the Financial System (NGFS) announced the following new members: US Federal Reserve System, Central Bank of Paraguay, Financial Regulatory Authority of Egypt, Financial Services Authority of Indonesia, Central Bank of Iceland, Polish Financial Supervision Authority, Central Bank of Uruguay and the European Securities and Markets Authority.

The NGFS has also announced the publication of the following documents:

  • Progress report on the implementation of sustainable and responsible investment practices in central banks’ portfolio management. The progress report, which is a follow-up to the Sustainable and Responsible Investment Guide for Central Bank’s Portfolio Management published in October 2019, builds upon a dedicated survey amongst 40 NGFS members from around the globe and aims in particular at reporting on the steps central banks have taken over the last year. It highlights that awareness of reputational risks and the desire to set a good example are still considered as key motivations for the adoption of sustainable and responsible investment by central banks.
  • Survey on monetary policy operations and climate change: key lessons for further analyses. This survey builds on an earlier report on initial takeaways regarding monetary policy and climate change, published in June 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *