And in its role as a provider of ﬁnancial services to central banks, the BIS has launched two green bond funds – one of which is denominated in US dollars and the other in euro. With these investment vehicles, the BIS is helping central banks to incorporate environmental objectives into the management of their own funds and supporting the development of green ﬁnance.
[…] an agency’s sense of mission […] should not be “polluted” through considerations that can be dealt with  https://www.bundesbank.de/en/press/speeches/combating-climate-change-what-central-banks-can-and-cannot-do-851528  5/8  20/11/2020  Combating climate change – What central banks can and cannot do | Deutsche Bundesbank  [using] other, proper instruments.” Otherwise, central banks will soon face calls to correct market outcomes in other areas as well.