Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is calling for more strategy in integrating sustainability into the operations of financial institutions in 2022 to ensure a post-COVID-19 economy that is more stable, resilient, and inclusive. “We want a more sustainable economy one
(File photo) MANILA - The government further enhanced its efforts this year to build climate resilience among communities nationwide and address climate change to better protect the environment, lives and property. In April, the government finally submitted to the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat the Philippines' first nationally determined contribution (NDC) which covers planned reduction of greenhouse gas (GHG) emissions in the country. This signified the commitment of the Philippines, a UNFCCC party, to help meet the Paris Agreement's goal of limiting global temperature rise through GHG emission reduction worldwide so Earth can avoid dangerous climate change. At the UN's 26th Conference of the Parties (COP26) in Scotland in November, the Philippine government also reiterated its call for climate justice and developed countries' financial and technical support for climate initiatives of developing nations. The government likew
The Philippines has raised some $5.4 billion, both onshore and offshore, from green bond issuances since the adoption of the Asean Green, Social and Sustainability Bond Standards, the Securities and Exchange Commission (SEC) said. SEC Commissioner Ephyro Luis B. Amatong said the country has seen rapid growth in green bond…
The 26th Conference of the Parties COP26) to the United Nations Framework Convention on Climate Change opened in Glasgow, Scotland last Oct. 31 for a two-week meeting that would hopefully address global concerns on the continuing threats posed by unabated global warming.
UN Secretary General Anto