Tuesday, March 21, 2023

«The SNB acts like a climate denier»

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Criticism of investments by the National Bank

«The SNB acts like a climate denier»

New estimates by the Climate Alliance are intended to clarify the impact of central bank investments on climate change.


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The Swiss National Bank SNB continues to heat up the climate crisis. At least that’s what the climate alliance claims, an alliance of more than 140 organizations – including WWF, Pro Natura and the Swiss Federation of Trade Unions.

Lack of transparency of the SNB

For the first time, Climate Alliance has made estimates for all of the SNB’s investments. “She manages shares worth around 203 billion US dollars,” says Stephanie Wyss, a member of the Climate Alliance office. “For 23 percent of this investment sum, it is not known in detail which shares are held with it” – i.e. with an investment volume of around 47 billion US dollars.

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