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    SNBN   CH0001319265

SCHWEIZERISCHE NATIONALBANK

(SNBN)
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Supplement to the NGFS Glasgow Declaration

11/03/2021 | 05:15am EST

Press release

Communications

P.O. Box, CH-8022 Zurich Telephone +41 58 631 00 00 communications@snb.ch

Zurich, 3 November 2021

Supplement to the NGFS Glasgow Declaration

SNB takes climate-related issues into consideration

Climate change is an important global challenge that calls for appropriate analysis, action and coordination. With this in mind, the SNB and FINMA joined the Network for Greening the Financial System (NGFS). On 3 November 2021, at the United Nations Climate Change Conference in Glasgow (COP26), the NGFS published a declarationoutlining its contributions in the area of climate change. As a supplement to this declaration, the SNB sets out how it takes climate change into consideration in its activities as part of its statutory mandate.

First, the SNB takes climate-related issues into consideration in its macroeconomic modelling and monetary policy analysis in order to be better able to gauge the potential impact of climate change on key macroeconomic variables such as prices, interest rates and output, as well as their natural equilibria.

Second, the SNB is integrating climate-related risks into its financial stability monitoring. Currently, it focuses on whether the banking system is adequately prepared for potential climate-related risks and whether they are properly covered by existing regulations. In 2020, together with FINMA, the SNB launched a pilot project to identify and measure risk concentrations at Switzerland's globally active banks in respect of sectors vulnerable to transition risks.

Third, as part of its investment strategy centred on broad-based market coverage, the SNB has been investing in green bonds for many years. It also introduced a negative screening policy based on ESG principles as early as 2013. The SNB does not invest in shares and bonds of companies whose products or production processes grossly violate values that are broadly accepted at a societal level in Switzerland. With regard to environmental considerations, it excludes companies that systematically cause severe environmental damage. The SNB takes climate-related issues into consideration by excluding from its portfolios all companies primarily active in the mining of coal for energy use.

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Zurich, 3 November 2021

Press release

The SNB will continue to follow climate-related issues closely, and to engage in dialogue with various national and international actors, as part of the NGFS and elsewhere. It will regularly review its own analysis and measures and make adjustments where needed.

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Disclaimer

SNB - Swiss National Bank published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 10:12:22 UTC.


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Sales 2020 21 249 M 23 291 M 23 291 M
Net income 2020 20 870 M 22 875 M 22 875 M
Net cash 2020 22 318 M 24 463 M 24 463 M
P/E ratio 2020 0,02x
Yield 2020 0,32%
Capitalization 566 M 620 M 620 M
EV / Sales 2019 -0,40x
EV / Sales 2020 -1,03x
Nbr of Employees 871
Free-Float -
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Managers and Directors
Thomas Jakob Ulrich Jordan Chairman-Governing Board
Barbara Janom Steiner Chairman-Bank Council
Philippe Landucci Director-Information Technology
SÚbastien Kraenzlin Director-Banking Operations
Sabine Wey Assistant Director-Compliance