Because climate change affects price stability, growth and inflation, it is essential for central banks to factor the impact of climate risk into monetary policy and their activities.
As part of their mission of maintaining financial stability, the Banque de France and the Autorité de Contrôle Prudentiel et de Résolution (ACPR – Prudential Supervision and Resolution Authority) work to gain a better understanding of the exposure of French banks and insurers to climate risk and to ensure they are in a position to deal with this risk.
Reduction in our greenhouse gas emissions between 2021 and 2022, after a 14.7% reduction between 2020 and 2021
In 2022, the equity components of Banque de France portfolios were aligned with a trajectory that limits global warming to well below 2°C. A new target of 1.5°C has been set for the end of 2025
At end-2022, over 50% of employees had received training on climate-related issues. The target is 75% for 2024