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BANK OF ENGLAND

BANK OF ENGLAND

About Us

The Bank of England, established in 1694, serves as the central bank of the United Kingdom. It plays a crucial role in maintaining monetary stability and overseeing the financial system. The bank is responsible for setting interest rates, issuing currency, and regulating banks and financial institutions within the UK.

In recent years, the Bank of England has been increasingly focused on sustainability and climate change. It has integrated climate-related risks into its financial stability assessments and has been actively working to support the transition to a low-carbon economy. The bank has committed to reducing its own carbon footprint and has set targets to achieve net-zero emissions from its operations.

The Bank of England is a member of the Network for Greening the Financial System (NGFS), a group of central banks and supervisors that aims to enhance the role of the financial system in managing climate and environmental risks. The bank has also been involved in research and initiatives to better understand the impact of climate change on the economy and financial markets.

Despite these efforts, the Bank of England has faced challenges in fully integrating sustainability into all aspects of its operations. It continues to work on improving its sustainability practices and increasing transparency in its reporting. The bank's commitment to sustainability is evident in its ongoing efforts to address climate-related financial risks and support the transition to a sustainable economy.