News Formal

BSP to push for sustainable finance as part of COP26 deal

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

BSP will aggressively push for the adoption of sustainable finance principles in the local banking system as part of its commitment to the fight environmental degradation as laid out in the 26th U.N Climate Change Conference of Parties. | daxinq/PDI

The SCB program embodies the essential roles of the BSP as an “enabler, mobilizer and doer” in relation to advocating sustainability principles in the financial system.

Diokno added that the agency will facilitate climate stress-testing exercises and collection of more data on climate, and environmental and social risks exposures in the banking industry.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business leaders optimistic COP26 visions will become realityFinance executives say it is inevitable businesses will move to cut emissions under pressure from customers and to chase profits. COP26
Source: rapplerdotcom - 🏆 4. / 86 Read more »