This paper presents an overview of current practices on sustainable and responsible management of central bank portfolios and provides recommendations for central banks on how to introduce sustainable, responsible or ESG (environmental, social and governance) aspects to those portfolios. Read more
This paper reviews the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and their application by central banks to date. It also considers potential enhancements for central banks’ climate disclosures and their possible implications for the wider financial system. Read more
Soaring energy prices, the war in Ukraine and further stark evidence from the IPCC on the severity of the climate threat requires sustainable finance to move into a new phase. Nick Robins sets out what financial policymakers, regulators and institutions can do to help resolve the great issues of our time. Read more
This policy briefing, the first in a new series of papers published as part of the INSPIRE Sustainable Central Banking Toolbox, reviews the potential pitfalls of using a modelling framework that omits climate-related information and provides some reflections on how central banks can integrate climate change considerations into their 'workhorse’ models. Read more
Biodiversity loss poses a significant and under-appreciated threat to financial stability, and central banks and financial supervisors should act to confront nature-related risks, according to a new report published today (24 March 2022) by a group of central bankers, financial supervisors and academic researchers. Read more
Transition finance is a relatively new addition to the suite of sustainable finance instruments. Sabrina Muller and Nick Robins explain how and why the ‘just transition’ to net-zero, an inclusive process that takes into account the impacts on all people and places, needs to be fully incorporated. Read more
This report presents the results of the first phase of the India Just Transition Finance Roadmap project, which involved scoping the landscape and highlighting priorities for further work to be presented ahead of the United Nations Climate Change Conference (COP26). Read more
The low-carbon transformation of China’s urban areas is a crucial action towards meeting the Paris Agreement’s temperature goal. In this policy insight, Jasmine Tillu addresses how the challenge of financing the transformation may be met. Read more
This paper produced to accompany 'G7 leadership for sustainable, resilient and inclusive economic recovery and growth', covers: how to make 'levelling up' or 'building back better' work better; multilevel finances in recovery and building back better: Germany and the US; and strengthening the role of the European Commission, before drawing some policy lessons for the G7 and for other systemically important countries. Read more
This report sets out core elements of an overarching and integrated strategy for recovery from the COVID-10 pandemic and growth, as a contribution to the preparation for the G7 Summit taking place in Carbis Bay, Cornwall (11 to 13 June 2021). Read more
