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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,