The National Bank of Romania has set up an internal structure, the Office of Sustainability and the Green Economy, in order to further explore the implications of climate change in the Romanian banking sector, according to a statement from the institution.
"On September 16, 2020, the National Bank of Romania became a member of the Network of Central Banks and Supervisors for the Greening the Financial System (NGFS). The National Bank of Romania has taken steps to identify, develop and use certain specific tools to analyze the risks posed by climate change in the process of implementing the financial stability policy, a research analysis that is highlighted in the latest editions of the Financial Stability Report, such as the December edition 2019 ", it is said in the declaration of commitment of the National Bank of Romania, as an institutional member of the Network for Greening the Financial System.