primoz dolenc : green finance and investment opening speech by mr primoz dolenc, vice governor of bank of slovenia, at the conference " towards the climate transition : green finance and investment ", split, 29 september 2023. * * * ladies and gentlemen, distinguished guests, it is a distinct privilege to welcome all of you to this conference, where we aim to address a pressing global challenge : climate change and its profound impact on our economies. in the face of climate risks, we all bear a personal responsibility to contribute to solutions. each of us can play a role in safeguarding the health of our planet. however, the broader task of addressing climate change, particularly at the national and international levels, falls squarely within the purview of governments and specialized institutions. among them, central banks play a pivotal role. climate change is already affecting our economies and financial systems, consequently, the price and financial stability that lie at the core of our mandates. in recent years, the eurosystem central banks have translated our commitments into concrete actions by adopting a roadmap for climate - related initiatives. in the area of monetary policy, we have initiated the analysis of climate - related factors in our macroeconomic models. we have also begun to integrate them into the implementation of our monetary policy, including our collateral framework and corporate asset purchases. in terms of our non - monetary investments, we proudly published our inaugural report containing detailed climate - related information about our entire financial assets. this report underscores our significant progress over the last five years, notably in divesting from firms in the tobacco and arms industries and those causing substantial environmental harm. to reach our long - tem objective of approaching net zero greenhouse gas emissions of our financial assets by 2050, we have set two medium - term goals to be achieved by the end of 2025. firstly, we intend to increase investments in green, social, and sustainable bonds from the current nearly 7 % to 10 % of our financial assets. secondly, we are committed to visibly reducing the carbon footprint of our investments in private sector issuers. we have already commenced measuring and reporting carbon footprints, along with other indicators of socially responsible and sustainable investing. in terms of banking supervision, central banks have a crucial role in establishing uniform standards for addressing climate - related risks by adapting banking regulations and supervisory frameworks. our activities encompass the measurement, assessment, 1 / 2 bis - central bankers'speeches management, and disclosure of climate

bostjan vasle : speech – slovenian bankers'day speech by mr bostjan vasle, governor of bank of slovenia, at the slovenian bankers'day, organised by the bank association of slovenia, ljubljana, 24 november 2021. * * * ladies and gentlemen, my greetings to you all! i am delighted to be able to speak to you again at your annual gathering, although i would much rather be able to do this in real life. alas, the worsening health situation makes this impossible. the great uncertainty surrounding the future evolution of the health situation is not affecting just our gatherings, but also the entire economic picture in slovenia, in europe and across the globe, and thus economic policy decisions too, including monetary policy, about which i will say more later. the slovenian and euro area economies have recovered well in recent quarters : slovenia has already surpassed its pre - pandemic gdp, while the euro area overall is very close to reaching it. the unemployment rate has fallen, and firms are again facing labour shortages. a key contribution to this positive picture has been made by economic policy : fiscal support to alleviate the impact of the pandemic amounted to more than 5 % of gdp in slovenia last year, and will be slightly lower this year at around 4 % of gdp. similar large - scale packages have been seen throughout the euro area. in the area of monetary policy too we have put in place the largest measures to date. there are two key measures : ( i ) the pandemic emergency purchase programme, in the amount of eur 1, 850 billion, and ( ii ) extremely low - cost long - term loans to banks in the amount of eur 2, 200 billion. the two measures together amounted to an incredible 36 % of euro area gdp. but uncertainty remains high, with regard to the health picture and the economic picture alike. despite the availability of vaccines, the health situation is worsening again, and the pandemic is once again curtailing economic activity. further uncertainty relates to the normalisation of our policies, which we will have to embark on in the months ahead. meanwhile other effects of the pandemic and the measures are becoming evident : after several years of low inflation, the rate passed 4 % in the euro area and 3. 5 % in slovenia in october. it will rise slightly further before the end of the year. for the moment the rise is largely being ascribed to temporary factors related to developments and measures during the early part