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PIR-News zu Valneva, VIG, Frequentis, Research zu Do&CO, Wienerberger, Uniqa, Mayr-Melnhof (Christine Petzwinkler)

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Federal Reserve joins peers working on greening the financial system

By Susanna Rust2020-12-16T16:16:00+00:00 The US central bank has joined the Network for Greening the Financial Sector (NGFS) along with seven other organisations, a development that the group said “firmly cements the NGFS’s commitment to collective action on a truly global level”. The NGFS today also published analysis of responsible investment practices in central banks’ portfolio management – including pension portfolios – and of a survey on monetary policy operations and climate change. The Federal Reserve’s joining the NGFS, which has been expected, comes after a pledge from US president elect Joe Biden to rejoin the Paris Agreement. The Federal Reserve board began participating in NGFS discussions and activities more than a year ago.

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