WELLINGTON: The Reserve Bank of New Zealand (RBNZ) will use its balance sheet, which has tripled over the past year, to meet some of its climate change and sustainable finance objectives, a senior official said yesterday.
The RBNZ incorporated an element of sustainability objectives into its reserves portfolio by investing US$100mil (RM412.6mil) in the Bank for International Settlements’ US dollar Green Bond Fund in 2019 and the central bank now says it is considering more sustainable investment options.
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