Climate mitigation occupies the centre stage of policy discussion and planning. Statisticians can contribute with data and concepts to support policymakers’ actions and allow markets to react proactively and efficiently. Moreover, to monitor the transition to a low-carbon economy, it is important to identify the sources of funds used for this purpose and their impact in supporting this transition. However, so far there has been a lack of reliable and comparable indicators for tracking the growth in “green” financing across economies. Turning to physical and transition risk indicators, although they are increasingly in focus as expressed in various central bank publications, they often are not yet available. Important progress is however under way. For example, the new DGI envisages the collection and use of security-by-security data on green financial instruments, which will be key for assessing firms’ and banks’ exposures to climate risks. In parallel, and as an outcome of its monetary policy strategy review, the ECB will develop new experimental indicators covering green financial instruments. At the same time, the IFC Report on Sustainable finance data for Central Banks recommends leading by example by improving the usage of the new data being collected.

The session will discuss the important steps undertaken to start constructing needed indicators and applications today and design sustainable finance statistics accordingly. It will also review how leveraging on novel technologies enabled by AI and big data can further guide this process.

Organiser: Mr Bruno Tissot 

Chair: Mr Robert Kirchner 

Speaker: Ms Caroline Willeke 

Speaker: Ms Magalena Erdem 

Speaker: Maurice Fehr 

Speaker: Jens Mehrhoff 

Speaker:  Hendrik Christian Doll