144-12 Sustainable Finance Framework

Summary

The Monetary Board, in its Resolution No. 415 dated 19 March 2020, approved the sustainable finance policy framework that sets out the expectations of the Bangko Sentral on the integration of sustainable principles, including those covering environmental and social (E&S) risk areas, in the corporate governance and risk management frameworks as well as in the strategic objectives and operations of banks.

Thumbnail image for The Monetary Board, in its Resolution No. 415 dated 19 March 2020, approved the sustainable finance policy framework that sets out the expectations of the Bangko Sentral on the integration of sustainable principles, including those covering environmental and social (E&S) risk areas, in the corporate governance and risk management frameworks as well as in the strategic objectives and operations of banks.

Issuer

Philippines

Year

2020

Region

Asia

Issuer (type)

Central Bank of the Phillippines (Bangko Sentral NG Pilipinas) (Central Bank)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance

Restrictiveness

Very Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 4: Quality Education
SDG 5: Gender Equality
SDG 6: Clean Water and Sanitation
SDG 8: Decent Work and Economic Growth
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land