I.      Philippine Climate Risk and Sustainable Finance Landscape

·       Understand the Philippines’ climate risk profile

·       Discuss sustainable finance market updates, particularly on sustainable bond issuances and market sentiment.

Ms. Joelyn P. Cuchapin

Bank Officer V

ESG Supervision and Surveillance Group

Financial Supervision Sector (FSS)

Bangko Sentral ng Pilipinas

II. The BSP Sustainability Agenda

·       Learn about the BSP’s sustainability strategy and key priorities

·       Know how the BSP is integrating sustainability in BSP functions and operations

III. BSP Initiatives in Advancing Sustainable Finance

·       Learn about the BSP’s key considerations and the principles underpinning the BSP’s regulatory and supervisory approach in promoting sustainable finance

·       Know the BSP’s response to the climate call in terms of issuance of enabling regulations for the financial sector, conduct of studies and research, enhancement of surveillance tools, and stakeholder engagement

–  coffee break (10 mins) –

IV. The BSP Sustainable Finance Framework and Guidance in Implementing the Environment and Social Risk Management System

–        Understand key concepts and BSP’s supervisory expectations on banks in integrating sustainability principles in the areas of governance, risk management, and disclosures.

–        Understand additional expectations on banks in relation to credit and operational risk.

–        Know the tools that banks can use to support their physical risk assessment.

–        Learn the features of BSP’s sustainable finance incentives and the Philippine Sustainable Finance Taxonomy Guidelines, with illustrations on application.

–        Be informed of the BSP’s upcoming policy initiatives and developments in the following areas:

1.       Taxonomy

2.     Sustainability disclosure requirements

3.     Prudential reports and data collection

4.     Sustainable financial instruments

5.     Climate stress testing and risk assessment- cap building and broad principles

6.     Supervisory activities – thematic exam, policy implementation dialogues, survey on range of practices; bilateral

7.     Enhancement of regulatory relief measures

Q & A Portion

Ms. Rhodora M. Brazil-De Vera

Head, ESG Supervision and Surveillance Group

Bangko Sentral ng Pilipinas

Ms. Joelyn P. Cuchapin

Bank Officer V

ESG Supervision and Surveillance Group

Bangko Sentral ng Pilipinas