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Banco de Portugal takes part in BIS's ‘green bond fund’
Banco de Portugal participates as a seed investor in the ‘green bond fund’ launched by the Bank for International Settlements (BIS).
Banco de Portugal is also a member of the advisory committee created by the BIS to give guidance on the objectives of the initiative as well as to advise the BIS on the features of the fund, designed for the exclusive use of central banks.
By incorporating sustainability requirements into the management of its investment assets, Banco de Portugal takes a further step towards its commitment to contribute, within its mandate, to the global effort to promote environmental objectives and, in particular, to fight climate change. Since December 2018, Banco de Portugal has been a member of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), the international network promoting environmental responsibility in the financial sector.