Climate change is one of the greatest challenges of our time and affects the core tasks of a central bank. Against this backdrop, the Bundesbank is publishing its third climate-related disclosures. These include climate metrics on its non-monetary policy financial investments.

The Bundesbank's climate-related disclosures for 2023 update and supplement last year’s results, in line with the Eurosystem’s decisions.

Climate change has consequences for society, the economy and the financial system, and therefore also has an impact on the core tasks of a central bank. In light of this, the Bundesbank will from now on regularly report on how it takes the financial implications of climate change and climate policy into account in its work.