to-the-point: Sweden's Riksbank disposes of some high-CO2 bonds

Riksbank, the central bank of Sweden, has sold bonds issued by Canada’s Alberta province and two Australian states because of their high climate footprint.

In a speech on Wednesday, Deputy Governor Martin Floden said that rejecting issuers with high carbon dioxide (CO2) emissions is one way it can support the fight against climate change. “[..] we can contribute to the climate work to some extent by giving consideration to sustainability aspects when investing in the foreign exchange reserves,” Floden said, giving the Alberta, Queensland and Western Australia bonds as an example.

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