Bundesbank analyzes climate and biodiversity risks to the European financial system; drives data quality and sustainable investment strategy
Bundesbank analyzes climate and biodiversity risks to the European financial system; drives data quality and sustainable investment strategy 6 Targets and outlook | Bundesbank publications Climate change, and nature and biodiversity loss have an impact on economic variables such as growth, price stability and fiscal space. Bundesbank analyses show that these developments pose new challenges for the financial system (see Focus chapter ). The Bundesbank will therefore continue to integrate climate, nature and biodiversity-related aspects into its analyses. Moreover, it will further refine its own sustainability strategy and derive objectives from this for the individual core services and functions. In addition, it will build out its training and outreach activities regarding climate and nature-related risks. The Bundesbank continues to advocate for a sustainable economic and financial system on national and international committees like the SFC and the NGFS . ...