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Implementing Sustainability in the Philippine Banking and Corporate Sectors

The AIM – Gov. Jose B. Fernandez, Jr. Center for Sustainable Finance (JBF Center) was commissioned by Initiatives for Dialogue and Empowerment through Alternative Legal Services (IDEALS, Inc.) with funding from the Swedish Embassy in Bangkok through the Fair Finance Asia Philippines project to conduct a study on Implementing Sustainability in the Philippine Banking and Corporate Sectors.

The study identifies the opportunities and challenges in implementing sustainable business practices within the corporate world. It also explores the different sustainable finance opportunities and challenges experienced by the Philippine banking sector and investigates the level of implementation of integrating sustainable finance into banking operations.

To present the findings of the study and to facilitate a meaningful discussion on the topic, the JBF Center hosted a webinar last November 10, 2022, that was attended by 98 participants from local commercial, rural and thrift banks, SMEs, corporations, government, and the academe.

The webinar concluded with a Q&A wherein questions such as how the sustainable finance market in the Philippines compares to other ASEAN countries and how banks can assist in the streamlining of ESG in the corporate sector were addressed.