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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.

MNB Green Programme pillars.JPG

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


Key documents

International activities

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


Central European Green Finance Conference 2021

This year the MNB's Central European Green Finance Conference is planned to be held in an in-person format at the Planet Budapest Sustainability Expo in Budapest. The conference will focus on the practical implications of COP26 on the financial system, on environmental anomalies beyond climate change such as biodiversity loss, and on the potential of well-designed ESG approaches to provide the necessary financing for the aforementioned challenges.

Confirmed speakers:

  • Ádám Banai, Executive Director at the Central Bank of Hungary
  • András Puskás, Deputy CEO of the Budapest Bank, Hungarian Bankholding
  • Barnabás Virág, Deputy Governor of the Central Bank of Hungary
  • Bernhard W. Schiessl, Chief Operating Officer of the CICERO Shades of Green
  • Csaba Kandrács, Deputy Governor of the Central Bank of Hungary
  • Elizabeth Maruma Mrema, Executive Secretary of the Convention on Biological Diversity at the UN, Co-Chair of TNFD
  • Eugene Wong, CEO of the Sustainable Finance Institute of Asia
  • Gergely Pókos, Head of the Green Program Directorate of the OTP Bank
  • Gianpiero Nacci, Acting Director of Energy Efficiency and Climate Change of the European Bank for Reconstruction and Development
  • Jakob Thomae, Executive Director & Co-Founder of the 2° Investing Initiative
  • Nathan Fabian, Chief Responsible Investment Officer at PRI, Chairperson at European Platform on Sustainable Finance
  • Paul Bodnar, Global Head of Sustainable Investing at BlackRock
  • Radován Jelasity, CEO of the Erste Bank Hungary
  • Teresa Czerwińska, Vice-President of the European Investment Bank

Further details to be announced soon. The agenda of the conference will be gradually updated on this link.

Participation at the event is free of charge, but registration is compulsory. 

If you are interested in attenting the conference in person, please fill out the pre-registration form on this link until 27th of November. Please note that after a successful pre-registration, it will also be necessary to register on the website of the Planet Budapest Sustainable Expo and Summit until 29th of November (11:00 (CET)); all details will be sent directly to the pre-registered participants.

Valid COVID vaccination certificate is required to attend the event. 

In case of questions, please contact us at

Central European Green Finance Conference 2020

Following the inaugural conference from last year, the MNB, in cooperation with the EBRD organised the Central European Green Finance Conference in 2020, as part of the outreach activity of the NGFS. Due to the COVID pandemic, the conference was held online.

The key topics of the conference were quantification and management of climate and environmental risks, and financing a post-COVID green recovery. The change of perspective was also high on the agenda, focusing on the question: Why do we have to deal with climate change, and what are the consequences of our inaction?

  • 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.
  • The entire conference is available here.

As an accompanying event, MNB and the Corvinus University of Budapest jointly organised a Scientific Conference on Green Finance and Sustainable Development as well, to provide researchers, academics, policy makers and professionals with a valuable forum for the discussion of ideas and questions related to the main theme, ie. Financing the transition to a low-carbon economy. See further details here.

International Green Finance Conference 2019

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.

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