Halo,
Philippines.

  • Filipino and English

    Official Languages
  • Rodrigo Duterte

    President
  • Manila

    Capital

Why Philippines?

The Philippines with its vast amount of islands and abundance of biodiversity is home to some of the rarest and most endangered species. This thriving and productive land and seascapes is also the foundation of many people’s lives and livelihoods.
A recent highlight includes 23 new whale sharks (Rhincodon typus) that were photo identified in Donsol, Sorsogon, bringing the total to 491 in this part of the country.
106.651.922
Population
Only 34%
of Filipinos have a bank or mobile account
15.2%
The per capita GDP is USD$3000 and per capita savings rate is 15.2%.
Biodiversity
The country is home to 70% of the world‘s plant and animal species due to its geographical location
USD 28 Billion
For 2017: Overseas remittances of Foreign Workers hit a high
US$ 331 Billion
+6.2% growth of GDP 2018

Sustainability Commitments

  • NDCs

    The Philippines is signatory to the Paris agreement on Climate Change and with its NDCs intends to reduce its GHG emissions by 70%

  • Climate Change Act

    With the national Climate Change Act of 2009 the government established its Climate Change Commission and National Framework Strategy on Climate Change

  • Post disaster financing

    The country aims to improve financing for post-disaster emergency response, recover and reconstruction needs to local and national government

  • CBD

    The country is signatory to the Convention on Biological Diversity

  • Action Plan

    The Philippine Biodiversity Strategy and Action Plan (2015-2028) identifies PhP 4-5 Billion in financing needs

  • Capital Markets Forum

    The country is member of the ASEAN Capital Markets Forum

  • Helsinki Principles

    As well as member of Coalition of Finance Ministers committed to implement the Helsinki Principles

  • ESG integration

    The Central Bank (BSP) has published a draft circular on ESG integration by banks in 2019

  • Sustainability report

    The SEC guidlines (MC2019-4) require Publicy Listed Companies to submit sustainability reports starting 2020

  • Climate Change
  • Biodiversity
  • Sustainable Finance

Success Stories of Philippines

Success Stories of Philippines

Success Stories of Philippines

  • 01
  • 02
  • 03

Central Bank issued a draft circular on ESG integration for comments. The circular expects banks to integrate (ESG), and sustainability principles in their strategic direction, as well as in their corporate governance and risk management frameworks; conduct scenario analysis and stress testing of its business exposures to assess their vulnerabilities over several ESG scenarios and to disclose their sustainability agenda in their annual reports, including risk appetites in the ESG field.

WWF provided input to SEC's Memo Circular (2019-4) requiring Publicly Listed Companies (PLCs) to submit sustainability reports under a comply or explain basis starting 2020.

WWF engages commercial banks on climate risk mapping and stress testing of their mortgaged assets. An e-learning training portal is under development as a knowledge hub for bankers on sustainability.

Unfullfilled

75%

Fullfilled 2018

18.75%

Improved 2019

6.25%
25%
fullfilled 2019

17.07.2018 - 18.07.2018

KWAP Environmental Conference 2018

17.10.2018

2018 Asian Bankers Association (ABA) Maybank Short Term Visiting Program

18.03.2019

Responsible Banking Networking and Sharing Session

01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

01.10.2019

CIMB The Cooler Earth Sustainability Summit 2019

01.03.2019

CB BANK WORKSHOP ON ESG INTEGRATION

01.03.2019

The Central Bank of Myanmar Sustainable Banking Seminar

25.04.2019

ABA-COFITT Sustainable Finance Workshop

30.04.2019

Sustainable Finance Dialogue Forum

09.10.2019

2nd Sustainable Finance Dialogue Forum

01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

25.04.2019

ABA-COFITT Sustainable Finance Workshop

30.04.2019

Sustainable Finance Dialogue Forum

09.10.2019

2nd Sustainable Finance Dialogue Forum

01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

01.07.2019

Sustainable Banking Workshop No.2/2019: Sustainable Infrastructure Financing

16.10.2019

Sustainable Banking Workshop No.3/2019: Responsible Lending – Implementation Phase

KWAP Environmental Conference 2018
17.07.2018 - 18.07.2018

KWAP Environmental Conference 2018

Igniting Action for a better tomorrow

Panel: Feeding Asia

WWF Malaysia – Knowledge Partner

Panelists:

  • Emily Kunen, Global Responsible Sourcing Leader, Palm oil & Seafood, Nestlé
  • Audrey Cheung, Vice-President, Quality Systems and Supply Chain Management, McDonald’s China
  • Noor Izlin Andrina Ismail, Manager, Social Performance – Sustainability and Quality, Sime Darby Plantations
  • Dr. Keith Lee, Sustainable Finance, WWF Malaysia (moderator)

Environmental Conference
2018 Asian Bankers Association (ABA) Maybank Short Term Visiting Program
17.10.2018

2018 Asian Bankers Association (ABA) Maybank Short Term Visiting Program

Kuala Lumpur – Malayan Banking Berhad (Maybank) successfully conducted the two-day ABA Short Term Visiting Program in its headquarters in Kuala Lumpur on October 18-19, 2018. The program, attended by 24 bank delegates from 13 different financial institutions in 8 countries, featured 7 banking subjects, presented by senior managers of Maybank.

Presentation: Global Drivers of ESG Integration (Dr Keith Lee, Sustainable Finance WWF Malaysia)

https://www.aba.org.tw/2018/10/27/successful-2018-aba-maybank-short-term-visiting-program-in-kuala-lumpur/

Responsible Banking Networking and Sharing Session
18.03.2019

Responsible Banking Networking and Sharing Session

CIMB Group, one of 28 founding banks of the Principles for Responsible Banking, hosted a Malaysia Responsible Banking Engagement and Sharing Session in collaboration with the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) and the Association of Banks in Malaysia (ABM).

Mr. Rafe Haneef, CEO, CIMB Islamic Bank Bhd led the event participated by a total of 22 conventional and Islamic banks in Malaysia.

Presentation of the UNEP FI’s Principles for Responsible Banking and the resources that support banks in implementing the Principles were a central theme of the event. The active Q&A session showed high level of interest on sustainable finance among Malaysian banks.

https://www.unepfi.org/banking/bankingprinciples/

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis
01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

1 April 2019 | Kuala Lumpur

Event Partners: WWF, RAM, IIC, CIMB

CIMB The Cooler Earth Sustainability Summit 2019
01.10.2019

CIMB The Cooler Earth Sustainability Summit 2019

Population and urbanisation continue to rise, and with that, production and consumption are ever increasing. Businesses are growing, but under pressure to produce more and better quality at lower prices. Industrial and human activities continue to contribute to global heating and unprecedented environmental degradation. Human rights, health and productivity are compromised. Many parts of the civilised world are at risk of sinking beneath the waves in the next decade or two. Nature, wildlife and biodiversity – life itself – are threatened. There is no longer any doubt that humanity is at risk.

All these, coupled with governance, political and socioeconomic factors are prompting businesses, customers, investors, employees, governments and the rakyat to positively contribute to improving environmental and social wellbeing, towards creating a better future. Rapid technological changes are forcing leaders to reinvent their business models and future-proof. In short, business as usual is no longer an option.

As the world around us changes, financiers, investors and businesses have a responsibility to change their ways and manage economic, environmental and social risks, with long-term strategies to create net positive impact, while also remaining relevant and profitable.

  • WWF Malaysia – Knowledge Partner
  • Keynote Speaker: Maureen DeRooij (CEO WWF Singapore) – A Critical Connection: Why Can’t We Separate Nature from the Economy?
  • Panel: Sustainable Finance – What are the Regulators’ Expectations and Financial Sector Initiatives Towards Advancing Sustainable Finance?
    • Tengku Zafrul Aziz, Group CEO, CIMB Group
    • Dr. Hamim Syahrum Ahmad Mokhtar, Deputy Director, Islamic Banking and Takaful Department, Bank Negara Malaysia
    • Yuki Yasui, Asia Pacific Region Co-ordination Manager, UNEP FI
    • Pierre Rousseau, Strategic Advisor for Sustainable Business, BNP Paribas Bank
    • Jeanne Stampe, Head of Asia Sustainable Finance, WWF (moderator)
  • Parallel breakout session: Masterclass | Sustainability Tools & Resources for Environmental and Social Risk Management (Lavanya Rama Iyer, Head of Policy WWF Malaysia and Norizan Mazlan, Head of Conservation Peninsula Malaysia WWF Malaysia)

https://coolerearth.cimb.com/

CB BANK WORKSHOP ON ESG INTEGRATION
01.03.2019

CB BANK WORKSHOP ON ESG INTEGRATION

Objective: Sustainable Development, Investor Relations, Product Management, Relationship Management, and related functions), Credit policy, Enterprise Risk Management team, Treasury, Asset Management team and other staff involved in integrating ESG practices in banks’ operating models and in defining the strategies, policies and procedures

The Central Bank of Myanmar Sustainable Banking Seminar
01.03.2019

The Central Bank of Myanmar Sustainable Banking Seminar

Departments of Central Bank

Objective: Understand the relevance of sustainable finance to Myanmar local context and how sustainable banking will contribute to Myanmar’s sustainable growth

Get insights into ASEAN sustainable finance discussion and how banks are mainstreaming sustainable finance

Develop a strategy to on-board Myanmar Banking sector on successful sustainable finance journey in collaboration with partners

ABA-COFITT Sustainable Finance Workshop
25.04.2019

ABA-COFITT Sustainable Finance Workshop

Managing ESG-Related Risks, Capturing Sustainable Finance Opportunities

Thursday, 25 April 2019

Summary: Globally, financial institutions and regulators recognise that environmental and social issues are material for the financial sector. To meet growing investor, consumer, civil society and regulator expectations and ensure the resilience of lending portfolios, banks in Southeast Asia and globally, have progressed with integrating Environmental, Social and Governance factors in their businesses (ESG integration).

This workshop provided participants with a perspective on why environment and social issues are material for banks in Myanmar and how to start addressing ESG risks and capturing business opportunities arising from sustainable development.

ABA-COFITT Sustainable Finance Workshop
Sustainable Finance Dialogue Forum
30.04.2019

Sustainable Finance Dialogue Forum

30 April 2019 | Manila

Event Partners: WWF, Bankers Association of the Philippines, ADFIAP

2nd Sustainable Finance Dialogue Forum
09.10.2019

2nd Sustainable Finance Dialogue Forum

9 October 2019 | Manila

Event Partners: WWF, Bankers Association of Philippines

  • The Bankers Association of the Philippines (BAP) and World Wide Fund Philippines (WWF), Association of Development Finance Institutions in the Asia-Pacific (ADFIAP), and United Nations Economic and Social Commission for Asia and The Pacific (UNESCAP) organized the second national dialogue forum with the following objectives: to identify barriers and solutions to ESG integration; to recommend improvements in the BSP draft circular; to introduce the TCFD and methods on climate scenario analysis at the portfolio level.
  • The event was keynoted by Mr. Gigi Montinola, WWF Chairperson.

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?
01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

  • The bank of Thailand in collaboration with the Thai Bankers‘ Association and WWF organized the first sustainble banking workshop for 2019 focusing on the systemic issues and the importances of ESG as part of banking business.
  • ESG is an essential piece to understanding how systemic issues like climate change and socio-political stability will impact financial returns. Understanding broader environmental and social context within which banks and companies operate, current trends, impacts and increasing expectation from investors will help banks effectively mitigate the risks and adapt to changes.
  • Mr. Somchai Lertlarpwasin, the Senior Director of Financial Institutions Strategy Department, gave an opening speech at the event.

Sustainable Banking Workshop Website
Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis
01.04.2019

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

Sustainable Finance Roundtables: Global Perspectives on TCFD Implementation and Scenario Analysis

1 April 2019 | Kuala Lumpur

Event Partners: WWF, RAM, IIC, CIMB

ABA-COFITT Sustainable Finance Workshop
25.04.2019

ABA-COFITT Sustainable Finance Workshop

Managing ESG-Related Risks, Capturing Sustainable Finance Opportunities

Thursday, 25 April 2019

Summary: Globally, financial institutions and regulators recognise that environmental and social issues are material for the financial sector. To meet growing investor, consumer, civil society and regulator expectations and ensure the resilience of lending portfolios, banks in Southeast Asia and globally, have progressed with integrating Environmental, Social and Governance factors in their businesses (ESG integration).

This workshop provided participants with a perspective on why environment and social issues are material for banks in Myanmar and how to start addressing ESG risks and capturing business opportunities arising from sustainable development.

ABA-COFITT Sustainable Finance Workshop
Sustainable Finance Dialogue Forum
30.04.2019

Sustainable Finance Dialogue Forum

30 April 2019 | Manila

Event Partners: WWF, Bankers Association of the Philippines, ADFIAP

2nd Sustainable Finance Dialogue Forum
09.10.2019

2nd Sustainable Finance Dialogue Forum

9 October 2019 | Manila

Event Partners: WWF, Bankers Association of Philippines

  • The Bankers Association of the Philippines (BAP) and World Wide Fund Philippines (WWF), Association of Development Finance Institutions in the Asia-Pacific (ADFIAP), and United Nations Economic and Social Commission for Asia and The Pacific (UNESCAP) organized the second national dialogue forum with the following objectives: to identify barriers and solutions to ESG integration; to recommend improvements in the BSP draft circular; to introduce the TCFD and methods on climate scenario analysis at the portfolio level.
  • The event was keynoted by Mr. Gigi Montinola, WWF Chairperson.

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?
01.04.2019

Sustainable Banking Workshop No.1/2019: Success stories and why it matters?

  • The bank of Thailand in collaboration with the Thai Bankers‘ Association and WWF organized the first sustainble banking workshop for 2019 focusing on the systemic issues and the importances of ESG as part of banking business.
  • ESG is an essential piece to understanding how systemic issues like climate change and socio-political stability will impact financial returns. Understanding broader environmental and social context within which banks and companies operate, current trends, impacts and increasing expectation from investors will help banks effectively mitigate the risks and adapt to changes.
  • Mr. Somchai Lertlarpwasin, the Senior Director of Financial Institutions Strategy Department, gave an opening speech at the event.

Sustainable Banking Workshop Website
Sustainable Banking Workshop No.2/2019: Sustainable Infrastructure Financing
01.07.2019

Sustainable Banking Workshop No.2/2019: Sustainable Infrastructure Financing

This second workshop highlights important aspects of sustainable infrastructure development in driving sustainable economy and shaping tomorrow’s communities in ways that do not diminish the functionality of natural systems. As UN SDGs recognizes infrastructure as one of the goals, it is necessary for the country to develop quality, reliable, sustainable and resilient infrastructure that supports economic development as well as the human well-being.

Mrs. Wajeetip Pongpech, the Assistant Governor, gave the opening speech at the event.

Sustainable Banking Workshop
Sustainable Banking Workshop No.3/2019: Responsible Lending – Implementation Phase
16.10.2019

Sustainable Banking Workshop No.3/2019: Responsible Lending – Implementation Phase

This workshop provides guidance on how banks can take on developing their internal policies and processes that incorporate the elements in the guidelines. The discussions also put forward some examples that support the integration of ESG and sustainability principles into practices.

Mr. Vorapat Praneeprachachon, Assistant Director of Financial Institutions

Strategy Department gave the opening speech and Mrs. Nawaron Dejsuvan, the Assistant Governor of Financial Institutions

Policy Group gave the closing speech at the event.

Sustainable Banking Workshop