The Central Bank of Iceland invites member associations to a networking meeting
Climate change is the biggest challenge of our time as it threatens the prosperity, well-being and existence of humanity. Climate risks, including those arising from the transition to a carbon-neutral economy, have implications for the financial system and the economy as a whole. No responsible participant in the nation's economy can sit by.
It is important that central banks respect their mandated powers and act responsibly. Within the work cycle of the Central Bank is to define, evaluate and monitor potential risk factors and the effects of climate change, both on the economy in a wider context and on the resilience of the financial system. The Central Bank's Financial Supervisory Authority supervises the sustainability regulations that concern financial market participants and financial advisers, including the EU Taxonomy and the SFDR. The Central Bank has also decided to set a good example by moving its own operations and activities towards carbon neutrality.
The meeting will cover the Central Bank's sustainability journey, BREEAM certification of the construction of the Central Bank Building and how sustainability issues are related to the Central Bank's professional goals.
Gunnar Jakobsson, deputy central bank governor for financial stability, Tinna Hallgrímsdóttir, expert in climate risk and sustainability, Einar Már Hjartarson, director of operations and Thröstur Bergmann, project manager in high level supervision, welcome the guests along with others from the bank's team.
