The BSP Green Hub
Our part in the collective action for a climate-resilient and nature-positive Philippines.
Why Climate Change Matters to Our Mandate
Climate change and nature loss pose material risks to BSP's price and financial stability mandates. The Philippines faces climate disruptions not as a distant threat but as a pressing present-day reality, affecting lives and the economy.
The BSP Sustainability Agenda is our response to the climate and nature loss challenge. Anchored on the country's climate priorities and our own mandates, the agenda seeks to deliver the following outcomes;
1. Climate and nature-related risks and opportunities are internalized by the financial sector and mainstreamed in our supervised entities’ risk management, strategy, and governance practices;
2. Climate and nature considerations are incorporated in the conduct of monetary policy, demonstrating proactive stance in managing their potential impacts on price stability;
3. Financing solutions for adaptation and green transition are used by households, businesses and communities, especially the most vulnerable, empowering them as active partners in building climate resilience;
4. Sustainability is deeply ingrained in BSP’s culture and operations, as a way of ‘leading by doing’.
Resources
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