Few central banks consider climate risk within benchmarks

Despite central banks supporting mandatory climate risk disclosures, very few account for it in their benchmarks

Few central banks take climate risks into account when benchmarking their foreign exchange portfolios – a stance that appears out of step with a growing push for greener investing, but which may reflect the difficulty of finding an appropriate benchmark.



Changes to reserve benchmarks are typically triggered by variations in market structure or by issues that alter the investment environment; climate change is seen by many as one such example.

Out of 36 respondents, only central banks

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