best practices and experiences of other, fully developed central banks. in the end, allow me to say that i am proud that the central bank is a fully independent, credible and transparent central bank, presenting the anchor of the country ’ s macroeconomic stability. for all these years, in the complex reality of bosnia and herzegovina, one thing has been certain : the value of convertible mark, expressed in euro, has never been questioned. i also have to emphasize that this institution ’ s successful performance is brought about by its human resources. the bank ’ s highly skilled employees have been dedicated to developing this institution and achieving the results that we are proud of today. the success that we have achieved during the last twenty years and the contribution we have made to the society that we serve are largely due to the trust invested in the central bank. therefore, my dear colleagues, representatives of the government and friends, representatives of the media that have professionally reported on our work, thank you for the support that you have always provided to the central bank and its objectives! the governing board, the management and the employees of the central bank will continue to work in the way which will prove worthy of your confidence. 4 of 5 thank you once again for celebrating with us this important anniversary and we wish you a pleasant stay in sarajevo and bosnia and herzegovina. # # # 5 of 5

public investors are developing new investment approaches to manage climaterelated risks and harness the transition opportunities. two relevant examples of these approaches are net - zero strategies and thematic investments. net - zero strategies make it possible to decarbonize investments, reaching net - zero greenhouse gas emissions by 2050. the feasibility of a net - zero target depends on both companies ’ effectiveness in abating their emissions and the asset allocation decisions based on their decarbonization pathways. in the real world, portfolio decarbonization strategies do not immediately avoid emissions from the economic system but they provide incentives for companies by adjusting the relative prices of assets, risk premia and the cost of capital. thematic investments represent a further stream of action, allocating capital to developing new technologies and enabling activities such as renewable electricity production, the improvement of bloomberg, “ esg by the numbers : sustainable investing set records in 2021 ”. available at : https : / / www. bloomberg. com / news / articles / 2022 - 02 - 03 / esg - by - the - numbers - sustainable - investing - setrecords - in - 2021 morningstar manager research, " global sustainable fund flow : q4 2021 " in review, january 31, 2022. energy efficiency and the electrification of the transport systems, which support the energy transition needed to achieve carbon neutrality. the data challenge climate and environmental data are crucial for investors to set their portfolio strategies and manage the related risks. persistent data gaps may hinder the development of green finance, limit efficient market allocation and raise doubts about the greenness of investments. the three main data issues regard their availability, reliability and comparability. 11 some policy initiatives can be particularly effective to address the data issues, such as the convergence towards a common set of disclosure standards, an accepted minimal green taxonomy, and the development of well - defined metrics, certification labels and methodological standards. 12 in the eu, the commission ’ s proposal for a corporate sustainability reporting directive would improve the quantity, quality and comparability of information on corporate sustainability and therefore make it easier to find data for environmental, social and governance ( esg ) investments. 13 the framework developed by the task force on climate - related financial disclosure, the tcfd, is probably the main example of a common standard in this area. its recommendations are currently supported by over 2, 600 organizations, including 1, 069 financial institutions, responsible for assets of $ 194 trillion. last december, the network for