The Central Bank of Cyprus has created a Sustainability Committee at Governing Council level, following a decision by its Board of Directors, to support the process of defining and reviewing the Central Bank’s Sustainability Strategy and its contribution to the net zero carbon target. The committee will be supported by an already operational Sustainability Group that coordinates climate-related activities, aimed at further integrating climate considerations into the Central Bank’s work in line with the Sustainability Strategy. The Central Bank’s approach is aligned with the European Central Bank and adopts the guidelines of the Network for Greening the Financial System, described as a network of 114 central banks and financial supervisors focused on scaling up green finance and developing recommendations on the role of central banks in climate change.
Central Bank of Cyprus 2025-02-03
Central Bank of Cyprus establishes a Governing Council Sustainability Committee to steer its sustainability strategy and net zero contribution
The Central Bank of Cyprus has established a Sustainability Committee at the Governing Council level to guide its Sustainability Strategy and net zero carbon efforts. This committee will work alongside an existing Sustainability Group to integrate climate considerations into the bank's operations. The approach aligns with the European Central Bank and follows the Network for Greening the Financial System guidelines.