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Banco de Portugal publishes first report on climate-related financial disclosures of its own financial assets

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The Banco de Portugal has published the first report on climate-related financial disclosures of its own financial assets. Publishing climate-related financial disclosures is the first step to measuring and publicly disclosing the environmental impact of the Eurosystem’s own financial assets, in line with the Eurosystem’s public commitment to do so and with the “Responsible Investment Charter”, whose guiding principles encompass the measurement and public disclosure of the environmental impact of these assets.

The three main metrics presented are Weighted Average Carbon Intensity (WACI), Total Carbon Emissions and Carbon Footprint. Two additional metrics are included, Carbon Intensity and the proportion of green bonds held.

Analysing the key environmental impact indicators will enable the Banco de Portugal to set appropriate targets for its own financial asset portfolios, taking into consideration its long-term objectives and alignment with the Paris Agreement in its 1.5°C trajectory and with the EU goals for climate neutrality.

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