At the Reserve Bank, we are aware that to be a good kaitiaki we must lead by example. In regards to our focus on climate change, we have pledged to: • monitor our own carbon footprint – our currency operations are by far the biggest component; • incorporate the impact of climate change on our core functions; and, • lead other institutions through collaboration.
Notably, last year we invested $ million of our own balance sheet into bonds via the Bank for International Settlement USD Green Bond Investment Pool. 11 By joining other central banks around the world, we hope to help shape the landscape for green investment standards as they develop.