Swiss National Bank (SNB) Chairman Thomas Jordan states SNB supports climate change protection but considers it a political, not central bank, issue; SNB excludes coal-producing company investments.
The Swiss National Bank (SNB) supports climate change protection but deems it a matter for politicians, not central banks, according to SNB Chairman Thomas Jordan. SNB has exclusion criteria in its investments, no longer holding stakes in coal-producing companies, and maintains that it's crucial the central bank does not implement policy lacking popular support. Environmental groups protested outside the SNB's shareholder meeting in Bern, demanding the bank offload its investments linked to global warming and climate change.
April 26, 2024
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