The National Bank of Belgium published its annual climate-related disclosures for its non-monetary policy portfolios, setting out how it is working to reduce their climate impact and to assess climate-related risks and opportunities in line with its corporate social responsibility policy. The disclosures report further progress in 2025 towards the targets under the Bank’s Sustainable and Responsible Investment Charter, including a renewed reduction in total carbon emissions across both sovereign and non-sovereign assets. The Bank attributes the decline to lower emissions at country level and a reduction in total assets between 2021 and 2025, which mechanically reduced financed emissions. The carbon footprint of the actively managed portion of the foreign currency-denominated corporate bond portfolio continued to fall, while the carbon footprint of the climate transition benchmark index used for the equity portfolio also declined, moving closer to the intermediate 2030 target. The share of thematic assets increased by 1.4 percentage points to 18.3% at end-2025. The Bank said it will continue these efforts and maintain annual reporting to support transparency for stakeholders.
National Bank of Belgium 2026-03-25
National Bank of Belgium publishes annual climate disclosures for non-monetary policy portfolios as thematic assets rise to 18.3%
The National Bank of Belgium published its annual climate-related disclosures for its non-monetary policy portfolios, outlining how it is reducing their climate impact and assessing climate-related risks and opportunities in line with its corporate social responsibility policy. The Bank reports progress towards targets under its Sustainable and Responsible Investment Charter, including lower total carbon emissions across sovereign and non-sovereign assets, declining carbon footprints in its corporate bond and equity portfolios, and an increase in thematic assets to 18.3% of the total.