Climate change is one of the greatest challenges of our time and affects the core tasks of a central bank. Against this backdrop, the Bundesbank is publishing climate metrics on its non-monetary policy financial investments.
Climate Report
Climate-related disclosures 2025
The greenhouse gas emissions of the Bundesbank's euro-denominated own portfolio (euro portfolio) and currency reserves have declined overall in recent years. For the first time, greenhouse gas figures on the shares of the Eurosystem's monetary policy holdings, which include corporate bonds, covered bonds and Pfandbriefe (covered bonds), are also disclosed.
Part of the Eurosystem-wide climate-related disclosures on the non-monetary policy portfolios (NMPPs): Climate change is one of the greatest challenges of our time and affects the core tasks of a central bank. Against this backdrop, the Bundesbank is publishing its third climate-related disclosures. These include climate metrics on its non-monetary policy financial investments.
Part of the Eurosystem-wide climate-related disclosures on the non-monetary policy portfolios (NMPPs): The Bundesbank's climate-related disclosures for 2023 update and supplement last year’s results, in line with the Eurosystem’s decisions.
Climate change has consequences for society, the economy and the financial system, and therefore also has an impact on the core tasks of a central bank. In light of this, the Bundesbank will from now on regularly report on how it takes the financial implications of climate change and climate policy into account in its work.
