More banks adopt sustainable finance principles

📆 8/29/2020 6:19 AM
📰 inquirerdotnet

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The BSP said banks have so far issued $1.8 billion worth of debt securities that comply with environmental and climate risk management tenets. | daxINQ

In a statement, the Bangko Sentral ng Pilipinas noted that banks have so far issued $1.8 billion worth of debt securities that comply with environmental and climate risk management tenets, in addition to P21.5 billion worth of social bonds.Based on the sustainability or allocation reports of selected banks, around 10.

The agency has also integrated “sustainable central banking” in its strategic map for 2020-2023 to foster environmentally responsible and sustainable policies and work practices. At the same time, the BSP is working closely with banks toward their adoption of a sustainable finance framework.

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