Climate-related disclosures

Disclosure of greenhouse gas (GHG) emissions is key to the transition to a net-zero economy. The Bank discloses information on the GHG emissions related to its non-monetary policy portfolios guided by International Financial Reporting Standard (IFRS) S2 – a climate-related disclosure standard developed by the International Sustainability Standards Board (ISSB). This standard integrates and builds on the recommendations of the former Task Force on Climate-related Financial Disclosures (TCFD).

The following document describes the governance, strategy, risk management, and metrics and targets used by the Bank’s Financial Markets Department to identify and measure climate-related risks and opportunities.