Reuters exclusively reported that the Swiss central bank could be required to pull its $800 billion balance sheet out of investments in fossil fuel companies in a move by one of the world’s biggest reserve banks to tackle climate change. Swiss lawmakers are preparing a campaign that would make targeting climate change one of the policy objectives of the Swiss National Bank, alongside the traditional monetary targets of ensuring price stability and fostering economic growth.
Reuters reveals Swiss central bank’s $800 billion could be enlisted in climate push
10 December 2019, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa