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Preventing water crises
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Preventing water crises

New investment option: a dedicated portfolio of green bonds

Magyar Nemzeti Bank is among the first central banks to create a dedicated green bond portfolio within its foreign exchange reserves.

We can use our financial decisions to support green objectives: over the coming years, mitigation of the negative impacts of climate change and adaptation to changes will become the most important tasks facing the international community.

In the near future, Magyar Nemzeti Bank will create a dedicated green bond portfolio within the Bank’s foreign exchange reserves in line with the recommendation of the Network for Greening the Financial System, a voluntary organisation of central banks and supervisors working on the issue.

The decision will make it one of the first central banks that recognise sustainability considerations in their reserves management policies by creating a dedicated portfolio.

The portfolio will consist of bonds
that meet international green standards and the traditional reserves management principles bearing
the so-called ‘green label’, where the issuer uses the funds raised to finance specific ‘green’ investment projects
that bring environmental or
energy efficiency benefits.

The move to create the dedicated green bonds portfolio is consistent with the central bank’s social responsibility and environmental strategy objectives.

Although the portfolio to be created will only comprise foreign securities, the MNB attaches particular importance to the development of green finance in Hungary Photo: Shutterstock
Further information: MNB

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