Bank of Finland’s Annual Report on Responsible Investment 2024

1 Introduction 3
2 Governance and approaches to responsible investment 5
2.1 Approaches to responsible investment 6
2.1.1 ESG integration 6
2.1.2 Norm-based screening and exclusions 7
2.1.3 Thematic investments 7
3 Strategy 8
4 Risk management 10
5 Metrics and targets 11
5.1 Interim climate targets and their evolution by asset class 11
5.2 Climate metrics of investment portfolios 14
5.2.1 Climate metrics according to the Eurosystem’s reporting requirements 14
5.2.2. Additional climate metrics requirements 16
5.3 Climate indicators of the Bank of Finland's monetary policy purchase programmes 18
6 Annex 19
General concepts and clarifications related to the Eurosystem’s reporting requirements 22
Formulas for calculating climate metrics 23

This report in Finnish https://urn.fi/URN:NBN:fi-fe2025062372770