BSP greener as it marks 28th anniversary today – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published June 14, 2021, 7:00 AM
The country’s big banks have so far issued $2.78 billion worth of green, social and sustainability bonds, broken down as $1 billion sustainability bonds and P84.5 billion ($1.78 billion) peso-denominated green bonds.
These green bonds were issued by so-called “first mover” banks since 2017, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. This is to encourage green finance for the country’s sustainable infrastructures.
“We expect more banks to follow suit as enabling regulations had been laid down complemented by continued capacity building activities for the industry,” he said during a recent COP26 Climate Change Defenders Roundtable Discussion.
Benjamin E Diokno: Philippine banking system - the green shoots of recovery
Speech by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the MART General Membership Meeting, 16 November 2020. Central bank speech |
MART President Genevieve Faye A. Del Rosario, members and officers of the MART, ladies and gentlemen, good afternoon to all.
I wish to thank MART, our reliable partner in capital market development, for inviting me to share the BSP s initiatives towards economic and financial recovery in the new economy.
As we all know, the of the COVID-19 pandemic, is truly global. It affected all countries-developed, emerging, and third-world.