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Editorial In support of the Philippine government commitment to the global climate summit last year, the Bangko Sentral ng Pilipinas last week released Annex A to the Sustainable Finance Framework that was issued in April 2020 embodying the guiding principles. Among the incentives being considered
The Bangko Sentral ng Pilipinas (BSP) has released the sustainable finance roadmap and guiding principles on Wednesday, which were developed by the inter-agency technical working group on sustainable finance or the “Green Force”. “All banks are encouraged to explore and consider where applicable, t
The Philippines has raised some $5.4 billion, both onshore and offshore, from green bond issuances since the adoption of the Asean Green, Social and Sustainability Bond Standards, the Securities and Exchange Commission (SEC) said. SEC Commissioner Ephyro Luis B. Amatong said the country has seen rapid growth in green bond…
The Bangko Sentral ng Pilipinas (BSP) is looking at increasing its exposure to green bond investments to $1 billion by 2023, according to its highest-ranking official. “(It’s) possible before the end of my term (mid-2023),” said BSP Governor Benjamin E. Diokno on Thursday, Nov. 4, when asked if
THE Bangko Sentral ng Pilipinas’ (BSP) investment in green financing could double in the next two years, its chief said in a virtual press briefing on Thursday. The BSP governor said they remain committed to expanding their reach in sustainable financing in the country, both by increasing awareness and potentially…