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