Domestic and International Energy Transition Implications on the Fiduciary Responsibilities of Corporate Directors in the Philippines

This webinar was organized by the Institute of Corporate Directors (ICD), in partnership with the Institute for Climate and Sustainable Cities (ICSC), The Climate Reality Project Philippines, and ClientEarth. It also covered key highlights of the study “Analysing Energy Transition Risks in the Philippine Power Sector” by ICSC, Institute for Energy Economics and Financial Analysis (IEEFA), and Carbon Tracker Initiative (CTI). You may access the full report here.

Program

Time	Agenda item	Speaker	Presentation
2:00 – 2:05	Introduction	Leonardo Jose M. Berba CEO, ICD	View Video Segment
2:05 – 2:10	Opening Remarks	Pedro H. Maniego, Jr. ICD Trustee, ICSC Senior Policy Advisor	View Presentation (PDF) View Transcript (PDF) View Video Segment
Presentations, moderated by Atty. Pedro Maniego Jr.
2:10 – 2:30	Highlights of the report analyzing energy transition risks in the Philippine power sector	Alberto Dalusung III ICSC Energy Transition Advisor and NREB member	View Presentation (PDF) View Transcript (PDF) View Video Segment
		Sara Jane Ahmed Advisor, V20 Group of Ministers of Finance	View Presentation (PDF) View Transcript (PDF) View Video Segment
2:30 – 2:40	International experience in identifying and managing climate-related financial risks and directors’ duties	Ellie Mulholland Director, Commonwealth Climate and Law Initiative (CCLI)	View Presentation (PDF) View Transcript (PDF) View Video Segment
2:40 – 2:50	Experiences in engaging with the European banking sector on directors’ duties in relation to climate risk	Jamie Sawyer Lawyer, Climate Programme, ClientEarth	View Presentation (PDF) View Transcript (PDF) View Video Segment
2:50 – 3:20	First round of Q&A
Reactions, moderated by Climate Reality Philippines branch manager Nazrin Camille Castro
3:20 – 3:30	Paris Alignment prospects for leading Philippine banking institutions	Eduardo Francisco President, BDO Capital	View Transcript (PDF) View Video Segment
		Jo Ann Eala Vice President, BPI	View Transcript (PDF) View Video Segment
3:30 – 3:35	Updates on the Sustainable Finance Framework of BSP and the banking sector’s shift to Paris alignment	Lyn Javier Assistant Governor, Bangko Sentral ng Pilipinas	View Transcript (PDF) View Video Segment
3:35 – 3:40	Opportunities for banks to accelerate the modernization of the country’s power sector	USec. Felix William Fuentebella Department of Energy	View Transcript (PDF) View Video Segment
3:40 – 3:45	Energy Transition Council updates in the road to Glasgow and COP26	Kathleen Ann Capiroso-Coballes Climate Change and Energy Attaché, British Embassy in Manila	View Transcript (PDF) View Video Segment
3:45 – 4:35	Open Forum
4:35 – 4:45	Closing Remarks	Renato Redentor Constantino Executive Director, ICSC	View Transcript (PDF) View Video Segment