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UN Climate Conference

Pledge: Austrian central bankers and financial supervisors support UN Climate Conference in Glasgow (November 1−12, 2021)

As members of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), the Oesterreichische Nationalbank (OeNB) and the Austrian Financial Market Authority (FMA) help in building awareness, intellectual capacity and sharing knowledge regarding the risks involved in climate change. Mitigating these risks, including the economic and financial consequences of global warming, is a key challenge of our times. To address this challenge, the OeNB and the FMA, acting within their respective mandates, are integrating climate-related risks into financial stability monitoring, scenario analyses and prudential supervision of financial market participants. The OeNB and the FMA strive to attain robust and internationally consistent climate- and environment-related disclosures and reporting. The OeNB is committed to contributing to the implementation of the ECB’s action plan to include climate change considerations in the monetary policy strategy and is pursuing a sustainability strategy when investing in non-monetary policy portfolios. Finally, the OeNB and the FMA are striving for ambitious goals regarding their own operational ecology.