Greening the Swiss National Bank’s Portfolio
研究了中央银行如何在履行政策使命的同时，将环境标准应用于自身投资组合管理，并以瑞士国家银行的股票组合为例，提出了一种碳意识筛选方法，可在不影响分散化和绩效的情况下将碳足迹降低20%。
Abstract Central banks are increasingly concerned about climate-related risks and want to ensure that the financial system is resilient to them. As they integrate these risks into financial stability monitoring, they also discuss how to apply environmental criteria to their own policy portfolio management, without compromising their policy mandate. We describe different strategies and assess their relevance for central banks, using the Swiss National Bank’s (SNB) equity portfolio as a laboratory. We develop a carbon-conscious screening approach that is likely consistent with its policy mandate. The approach reduces the portfolio’s carbon footprint by 20%, with little impact on diversification or performance.