The Bangko Sentral ng Pilipinas recognizes that the impact of climate change and other environmental and social risks may undermine its efforts to promote price and financial stability, thus affecting the lives and livelihoods of Filipinos.
This was followed by a self-assessment exercise to determine how ESG-related principles and practices could be incorporated into the Bank’s operations and functions as effectively as possible.issuance of various sustainable finance policies and regulations; enhancement of the Enterprise Risk Management Framework to integrate sustainability and ESG-related risks;reduction of paper wastes through the adoption of electronic document and data processing systems;
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