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Climate change is one of the great, dominant issues of the present day, impacting the economy, society and the financial system.
Protecting the environment is a task that falls to society as a whole. The Bundesbank is aware of its responsibilities and is acting accordingly in the performance of its tasks.
We are contributing to the fight against climate change by reducing our carbon footprint in our business operations.
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We are factoring in the effects of climate change on price stability and the stability of the financial system. We are making sure that financial institutions take proper account of climate-related financial risks.
We are committed to increasing market transparency and thus acting as a catalyst for greening the financial system.
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Bundesbank publishes climate-related disclosures 2024
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Monetary Policy in the Face of Climate Change
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Financial stability effects of carbon price shocks
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EMuSe: a new model for analysing climate policies
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Speeches and guest contributions by Executive Board members
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Videos about sustainability
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Climate Research
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Network for Greening the Financial System
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Monetary policy strategy
The Eurosystem central banks have agreed an action plan to include climate change considerations in their monetary policy strategy with a view to strengthening and broadening ongoing Eurosystem initiatives to better account for climate change considerations. The most important aspects are detailed in the September 2021 edition of the Monthly Report.
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