Page 6 - Green Force News Today

The independent Bangko Sentral ng Pilipinas (BSP) on Thursday, Dec. 22, launched its 11-point Sustainable Central Banking (SCB) Strategy, four years after issuing its first sustainability principles. BSP Governor Felipe M. Medalla said the 11-point strategy is its own sustainability commitment tha

The Department of Finance (DOF) has emphasized that sustainable finance plays a critical role in driving the country’s shift to climate change adaptation and mitigation practices. At a virtual forum organized by sustainability media and business intelligence-firm Eco-Business, Finance Secretar

The Department of Finance is pushing sustainable financing as the Philippines has incurred losses and damages amounting to $10 billion over the past decade due to climate-related hazards

The Bangko Sentral ng Pilipinas (BSP) will soon release the guidelines outlining the package of incentives to be granted to banks that will shift to green financing and mobilize capital to expand sustainable finance in the country. “We’re looking at the fourth quarter for the (new circular) releas

The Marcos administration will continue pursuing a whole-of-nation approach in mitigating climate risks, committing the Philippines to be at the forefront of global climate action, the Department of Finance (DOF) said. At a recent G20 high-level breakfast discussion on climate change mitigation,

The government has committed to fast track its transition toward clean energy by pursuing more renewable energy sources amid the worsening impact of climate change.

Finance Secretary Benjamin Diokno MANILA - Finance Secretary Benjamin Diokno said President Ferdinand "Bongbong" Marcos Jr. will continue pursuing a whole-of-nation approach in mitigating climate risks, as the Philippines commits to be at the forefront of global climate action. "The Philippines is one of the countries at highest risk for climate-related disasters. We are thus determined to be a world leader in this fight against the crisis," Diokno said at the G20 high-level ...

The Bangko Sentral ng Pilipinas (BSP) on Tuesday, July 12, announced that it will issue the third phase of sustainable finance regulations next month, signalling a “wider adoption” of sustainability principles in the domestic financial system. "The BSP recognizes the urgency of promoting the sust

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Friday, Feb. 25, that they have invested in the Bank for International Settlements’ (BIS) Asian Green Bond Fund. The fund is part of the BIS Investment Pool or BISIP and is called the BISIP G3. “The BSP’s decision to invest

BSP to invest in Asian Green Bond Fund By LEE C. CHIPONGIAN The Bangko Sentral ng Pilipinas (BSP) will invest in the Asian Green Bond Fund this year. The Asian Green Bond Fund is managed by the Bank for International Settlements (BIS) to help central banks focus their reserves towards green finan