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The BIS hosts nine international organisations engaged in standard setting and the pursuit of financial stability through the Basel Process. The Bank for International Settlements BIS has launched a euro-denominated, open-ended fund for green bond investments by central banks and official institutions. The funds have been developed with the support of an advisory committee drawn from a global group of central banks. They are part of the BIS's green bond fund initiative, which helps central banks to incorporate environmental sustainability objectives in the management of their reserves and capital, in line with a growing demand for climate-friendly investments among official institutions. The funds promote green finance through sizeable investments in environmentally friendly projects such as renewable energy production and energy efficiency, and support the adoption of best market practices and reporting standards to deepen the green bond market. Furthermore, the BIS produces a dedicated yearly impact report for investors based on the information provided by the issuers of the bonds in which the funds invest.
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