Two years into the COVID-19 pandemic, the private sector is urged to incorporate sustainability and long-term resilience into their business strategies in order to thrive in the new normal while dealing with the current economic challenges, which includes investing in the welfare of their employees, suppliers, and customers.
The Philippines can utilize climate change and energy transition financing to ensure a thriving, resilient economy, especially with the Department of Finance at the helm, according to two climate finance experts. “Climate finance is crucial, but is limited. We need solid plans to maximize every peso that we have for climate action,” said Angelo Kairos [...]
MAKATI CITY, 30 October 2020 -- Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno and House deputy speaker Loren Legarda challenged executives to integrate the physical and transition risks brought about by climate change in their planning and decision-making. “The financial sector holds a unique position in advancing the sustainability agenda. We cannot leave climate [...]
28 October 2020 — The Institute for Climate and Sustainable Cities applauds and fully supports Department of Energy (DOE) Secretary Alfonso Cusi’s announcement yesterday of a moratorium on new coal plants. Atty. Pedro H. Maniego Jr., senior policy advisor of the Institute for Climate and Sustainable Cities, chairman of the Energy Lawyers Association of the Philippines, [...]
30 April 2020 — The Monetary Board of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) signed yesterday its Sustainable Finance Framework recognizing that “physical and transition risks arising from climate change could result in significant societal, economic and financial risks affecting the banks and their stakeholders.” The framework also includes green finance [...]