Incentives eyed for green financingBSP Governor Benjamin Diokno said during the Asian Financial Forum 2022 that regulatory incentives could be extended to banks that embrace sustainability principles. According to Diokno, the extension of regulatory incentives falls under the third phase of the Sustainable Finance Framework. Since 2017, Philippine banks have issued $1.15 billion in foreign currency denominated and P85.4 billion in local currency denominated green, social and sustainability bonds. Banks operating in the country have issued $701 million worth of green bonds, $300 million worth of sustainability bonds, and $150 million worth of social bonds in the offshore debt market. Likewise, these entities have also raised P48.9 billion via the issuance of sustainability bonds, P21.5 billion from social bonds, and P15 billion from green bonds in the onshore debt market.

Source: Philippine Star January 17, 2022 16:52 UTC