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BSP Governor Benjamin Diokno (File photo) MANILA - Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno cited the need for the central bank to lead the way in investing in sustainable finance to encourage more institutions to follow this path. During the virtual event of the International Monetary Fund (IMF) titled "Embedding Climate Change into Asia's Recovery Strategy" on Thursday night, Diokno said the BSP adopted the sustainable central banking program as among its corporate strategies vis--vis the sustainability agenda. Under this bid, he said, monetary authorities hav...

Source: philippinetimes.com

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Benjamin Diokno Bangko Sentral International Monetary Fund International Settlements Governor Benjamin Diokno Climate Change Bsp Governor Benjamin Diokno File Photo Manila Bangko Sentral Ng Pilipinas Cited The Need For Central Bank To Lead Way In Investing Sustainable Finance Encourage More Institutions Follow This Path During Virtual Event Of International Monetary Fund Imf Titled Quot Embedding Climate Change Into Asia 39s Recovery Strategy On Thursday Night Iokno Said The Bsp Adopted Sustainable Central Banking Program As Among Its Corporate Strategies Vis Sustainability Agenda Under This Bid She Said Onetary Authorities Have Establisheda Sustainable Central Banking Roadmap That Would Provide The Framework And Milestone In Adoption Of Sustainability Principles Bank 39s Operations Quot Highlights Essential Roles As An Enabler Nd Doer In Advocating Sustainability The Financial System Uot Diokno Said For One E Said The Bsp S An Enabler Romotesa Policy Environment That Supports The Adoption And Growth Of Sustainable Finance Quot Bsp Will Supplement Framework With More Detailed Risk Management Guidelines Uot Diokno Said Iting This Bid As Part Of It Being An Enabler He Said The Bsp Would Also Quot Lead And Influence Financial Institutions To Carry Out Environmentally Socially Responsible Business Decisions Adopt Green Practices Among Others E Said The Bsp Has Invested In Green Bond Fund Of Bank For International Settlements Bis Line With Its Sustainable Investment Strategy Diokno Formeda Wide Technical Working Group Twg That Would Conduct Vulnerability Assessment Quot To Determine Impact Climate Change Offices And Branches He Also Do Quota Gap Analysis Identify Areas Operations Where We Can Imbed Esg Environmental Ocial And Governance Or Green Principles Practices Quot As You Can See E 39 Re Adoptinga Holistic Approach To Champion Sustainability By Enabling Nd Doing Uot He Added Pna

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BSP cites importance of 'leading the way' on sustainable finance