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Swiss National Bank rules out following climate goals with investments
Published by Global Banking & Finance Review®
Posted on April 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 25, 2025
1 min readLast updated: January 24, 2026
The Swiss National Bank, led by Martin Schlegel, focuses on price stability, excluding climate goals from its investment mandate.
BERN (Reuters) -The Swiss National Bank does not have the right tools or the mandate to tackle climate changes or threats to biodiversity, Chairman Martin Schlegel told shareholders at the central bank's annual general meeting on Friday.
"I understand this topic is of great importance for our society and all humanity and it is of personal concern for me," Schlegel said.
"But our foreign currency reserves are there to serve our mandate. Climate goals or biodiversity are not part of our mandate," he added, referring to the SNB's main goal of ensuring price stability.
(Reporting by John Revill, Editing by Miranda Murray)
The Swiss National Bank's exclusion of climate goals from its investment mandate.
The SNB's mandate focuses on price stability, not climate initiatives.
Martin Schlegel is the chairman of the Swiss National Bank.
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