March 28 (SeeNews) - Slovenia's central bank plans to increase investments in green, social and sustainable bonds to 400 million euro ($433 million) by 2025, it said.
The plan is in line with the central bank's long-term objective to approach net-zero greenhouse gas emissions of financial assets by 2050, Banka Slovenije said on Monday in a climate-related disclosure of information related to its own financial assets.
The central bank also plans to reduce the carbon footprint of its investments in the private sector by excluding companies from the list of eligible non-financial corporate bond issuers and by setting carbon-reducing strategies.
In the last five years, Banka Slovenije increased its investments in green, social and sustainable bonds from less than 1% of its own financial assets to more than 7%, in line with the pre-set target, it added.
The climate-related disclosure is the first report in which Slovenia's central bank publishes, in line with previous decisions of the ECB's governing council, detailed climate-related information related to its financial assets.
($ = 0.92338 euro)