Reserve managers typically do not employ negative screening
Central banks with short-term import coverage more likely to utilise tool
The majority of central banks do not apply negative screening tools in portfolio construction, data from the Reserve Benchmarks 2025 shows.
Of the 76 central banks that provided data, over two-thirds (68.4%) say they do not employ negative screening. Among the few that put the tool to use, one-fifth (21.1%) indicated filtering assets ethically (for factors including weapons, alcohol, and adult entertainment). Just over a tenth (11.8%) of the respondents screen with considerations for green or
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