MNB Among Greenest Central Banks

MNB

Image by Jessica Fejos

The National Bank of Hungary (MNB) scored higher than any G20 central bank in a self-assessment of policies supporting sustainable financial practices, the MNB said in a release on its website.

The MNB conducted the self-assessment of its environmental sustainability efforts using the Green Central Banking Scorecard developed by Positive Money. This London-based nonprofit research organization tracks the progress of central banks in G20 countries towards supporting the green transition by greening their policies and practices.

The self-assessment, checked and validated by Positive Money, showed the MNB would be ahead of all G20 countries in the Green Central Banking Scorecard ranking.

The evaluation shows the MNB "has firmly asserted itself as a leading advocate for sustainability and responsible financial practices," Positive Money said, acknowledging the MNB's comprehensive climate strategy covering actions to integrate climate considerations into its monetary policy, financial stability and research functions.

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