Introduction

Reporting the carbon footprint increases transparency of climate-related risks

For the Riksbank, it is important to understand how climate change affects the value of its own financial assets and...

The Riksbank's work on taking account of climate change The Riksbank has foreign exchange reserves to be able to fulfil its statutory objectives and perform its tasks How sustainability considerations are applied to the management of the Riksbank’s foreign exchange reserves

Calculation of the carbon footprint of the Riksbank's foreign exchange reserves

The carbon footprint is a calculation of greenhouse gas emissions resulting, for example, from the production of...

The carbon footprint shows the emission intensity of a financial asset portfolio Challenges inherent in backward-looking measures of greenhouse gas emissions How do climate-related risks affect the economy and the financial system? The carbon footprint of the Riksbank’s foreign exchange reserves is calculated using a production-based method Calculation of the carbon footprint of the foreign exchange reserves

The carbon footprint of the assets in the Riksbank's foreign exchange reserves

The carbon footprint of the bonds issued by countries and regions in the Riksbank’s foreign exchange reserves –...

The carbon footprint of the Riksbank's foreign exchange reserves is calculated for bonds issued by governments and regions The carbon footprint of the foreign exchange reserves has decreased over the last five years Difficulties in calculating the carbon footprint of bonds issued by states and regions Other calculation methods lead to different results

Measuring climate-related financial risks for governments and regions in the future

To link climate-related risks to transition risks, backward-looking measures – such as carbon intensity – need to be...

The carbon footprint can be a building block in forward-looking measures Climate-related risks materialise at different time horizons Measurement of climate-related risks is an area still under development

References

Data sources

Appendix – Data and calculation method