Singapore monetary authority to decarbonise reserve fund
The Monetary Authority of Singapore has announced a plan to decarbonise its US$300bn reserve fund, amid increasing global interest in the climate impact of central banks’ forex portfolios.
Zurich regional government joins growing calls for SNB climate action
The Swiss National Bank has come under further pressure to take climate action after one of its largest shareholders passed a motion calling on the bank to align its policies with the Paris Agreement. …
Report finds central banks failing on climate action
A study assessing twelve of the world’s largest central banks against ten climate-related policy criteria has found all failing to align their lending, asset purchases and regulatory activities with the Paris Agreement target.
Protestors demand end to SNB fossil fuel funding
A crowd of 1,500 climate activists gathered outside the Swiss National Bank (SNB) on Friday to demand an immediate end to the central bank’s support for fossil fuel companies and activities. The portfolios of the SNB and the Swiss banking …
Police arrest climate activists protesting Swiss banks
Zurich police detained climate activists from outside the Credit Suisse headquarters and several UBS bank buildings yesterday following a seven hour protest of the climate-damaging investments of Swiss financial institutions. Around 70 activists were taken into custody, said organising group …
Weekly roundup: ECB Strategy Review, Basel Bitcoin proposal, and the Fed’s Daly on climate risk
ECB general agreement on a climate roadmap, SNB’s “moderate” climate-related risk, and the BIS Bitcoin proposal as a model for fossil fuels, and more.
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