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Reserve managers focus on the ‘E’ in ‘ESG’

Central banks continue buying green assets while largely eschewing governance and social elements

ESG letters over a man sitting in front of a screen

Central bank reserve managers are still taking on green assets, Central Banking’s Reserve Benchmarks 2025 revealed. On average – calculated as a mean – they allocated 2.76% of their assets into environmental, social or governance (ESG)-related assets, though the median figure was just 0.93%.

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