The Riksbanks Climate Report 2021

How does the Riksbank work with climate-related risks?

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How does the Riksbank work with climate-related risks?

The Riksbank's internal environmental work and sustainability reporting

Published: 4 May 2022

The Riksbank has an environmental policy that, among other things, stipulates that the Riksbank shall take into account the direct environmental impact of its energy and water consumption, its waste management and its official travel, for example. The Riksbank shall also consider its indirect environmental impact through procurement by setting and following up environmental requirements on the goods and services purchased, or by choosing eco-labelled goods and services where appropriate. When possible, the Riksbank shall choose goods with less environmental impact from a life-cycle perspective and suppliers who have systematic environmental work.

The Riksbank has been measuring its emissions of CO₂ from official travel and energy consumption for several years and reporting these in its annual report. An innovation for 2021 is that the Riksbank also measures and publishes the carbon footprint of its corporate bonds portfolio. The Riksbank has also begun work on further developing its own sustainability reporting in accordance with the recommendations of the TCFD. Among other things, this means that the Riksbank now more clearly describes how climate-related risks affect its policy remit.