Headlines
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
Quick Summary
The Swiss National Bank, led by Martin Schlegel, focuses on price stability, excluding climate goals from its investment mandate.
Swiss National Bank Excludes Climate Goals from Investments
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)
Key Takeaways
- •Swiss National Bank prioritizes price stability over climate goals.
- •Chairman Martin Schlegel emphasizes the bank's mandate limitations.
- •Foreign currency reserves are not used for climate initiatives.
- •Climate change is acknowledged but not part of SNB's objectives.
- •The central bank's primary focus remains economic stability.
Frequently Asked Questions about Swiss National Bank rules out following climate goals with investments
1What is the main topic?
The Swiss National Bank's exclusion of climate goals from its investment mandate.
2Why does the SNB not include climate goals?
The SNB's mandate focuses on price stability, not climate initiatives.
3Who is the chairman of the Swiss National Bank?
Martin Schlegel is the chairman of the Swiss National Bank.
