The Central Bank of Hungary's Green Program

The Central Bank of Hungary ("MNB") has launched its Green Program early 2019 to mitigate the risks associated with climate change and other environmental problems, to expand green financial services in Hungary, to widen the related knowledge base in Hungary and abroad, and to reduce financial market participants’ and its own ecological footprint. The Program consists of three pillars: the various initiatives include elements about (i) the financial sector, (ii) the development of the MNB’s social and international relations and (iii) the further greening of its own day-to-day operations.

This site provides an overview of MNB's green finance activities, along with materials for professionals interested in climate & environmental financial risks. The site is in Hungarian, but this section contains the key documents and news items also in English. 

In case of questions, please contact us at zold.penzugyek@mnb.hu

Internationally, MNB is a member of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), and contributes to the Sustainable Finance agenda of the European Union primarily through the work of the European Supervisory Authorities. The Bank also closely cooperates with other central banks, supervisory authorities, international financial institutions on a bilateral or multilateral basis in relation to green finance. MNB is also an official endorser of UNEP FI's Principles for Responsible Banking. 

A key element of MNB's growing green finance international relations is our International Green Finance Conference, which took place on 15 November 2019. The large-scale event with almost 300 participants was organised jointly with the EBRD, and was attended by international financial institutions, central banks, supervisory authorities and market participants from Europe and Asia.

As part of the programme, a seminar for the Central, Eastern an Southeastern Europe region’s central banks and supervisory authorities was organised under the guidance of the NGFS. Participants discussed the responsibilities of supervisors and central banks related to climate risks and opportunities for future international cooperation.

• More details about the conference are covered in the press release of the event.
• The agenda and the presentations of the conference is available here.