The carbon footprint of the assets in the Riksbank’s foreign exchange reserves
Reporting the carbon footprint increases transparency of climate-related risks
For the Riksbank, it is important to understand how climate change affects the value of its own financial assets and how climate-related financial risks can be taken into account in asset management. This Commentary addresses the Riksbank’s initial work on calculating, analysing and reporting the carbon footprint for the assets in the foreign exchange reserves, which could be a source of financial risk on the Riksbank’s balance sheet. The Riksbank thereby wishes to contribute to increased transparency and a deeper analysis of climate-related reporting.
Published: 12 April 2022