Introduction; 1. What role for central banks in fostering sustainability? Kern Alexander and Seraina Grünewald; Part I. Sustainability as a New Objective of Central Banks - Interpreting Mandates: 2. The green mandate of the Bank of England Kern Alexander and Paul G. Fisher; 3. Environmental and social sustainability in the mandate of the European Central Bank David Ramos Muñoz and Elia Cerrato García; 4. Environmental and social sustainability in the mandate of the Federal Reserve Kern Alexander; 5. Reshaping mandates in emerging markets and developing countries: what role for central banks in countries strongly affected by climate change? Elsie Addo Awadzi; 6.

Is net-zero central banking possible in the Caribbean? Nicole Chapman and Dorian M. Noel; Part II. Understanding and Managing Sustainability Risks: 7. Sustainable central bank balance sheets and operations Paul G. Fisher and Diarmuid Murphy; 8. Climate-related risks, systemic risks, and macroprudential regulation Pierre Monnin; 9. Central bank supervisory role: micro-prudential supervision and regulation of ESG risks Agnieszka Smoleoska; 10. Operationalising the climate change action plan of the European Central Bank - legal considerations Sarah Jane Hlásková Murphy; 11.

Designing stress tests for sustainability risks Bernadette Chmelar, Christoffer Kok and Isabel von Köppen-Mertes; 12. Central bank digital currency and financial inclusion Marco Dell'Erba; Part III. In Search of Guidance: Market Neutrality, Policy Coordination and Democratic Legitimacy: 13. Capital allocation by monetary authorities: law, theory and practice Will Bateman; 14. The law and politics of independent policy coordination: fiscal and sustainability considerations in the European Central Bank's monetary policy Nik de Boer, Seraina Grünewald and Jens van 't Klooster; 15. On the democratic legitimation of climate change mitigation activities of independent central banks Fabian Amtenbrink.