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Sustainable Finance Framework

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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.

Issuer

Philippines

Year

2020

Region

Asia

Issuer (type)

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

Instrument type

Framework

Disclosure instrument

No

Geographical scope

National

Mandatory or voluntary

Voluntary

Text analysis

    • Low 0.56%
    • Moderate 0.17%
    • E focus: climate change, climate risk, environment, pollution, sustainable finance, biodiversity
    • G focus: risk management, audit
    • Management