Description

Course Outline

A. Understanding Climate Risk

Explores the foundational concepts and financial implications of climate change, with a focus on Philippine vulnerabilities.

1. Defining Climate Change (UNFCCC and IPCC definitions) – Introduces internationally recognized definitions of climate change and its systemic nature.
2. Climate Risk Triggers (Physical and Transition Risks) – Differentiates between risks from climate impacts (e.g., typhoons) and those from policy or market shifts.
3. Climate Risks Impact to the Philippines – Highlights the country’s exposure to climate hazards and socio-economic vulnerabilities.
4. Transmission Channels: Climate Risk to Financial Risk – Explains how climate risks translate into financial risks through credit, market, operational, and liquidity channels.

 

B. Stakeholders’ Climate Action

Maps the global, national, and institutional frameworks guiding climate mitigation and adaptation efforts.

1. International Agreements Governing Climate Change Action – Reviews key treaties like the Paris Agreement and their implications for national policy.
2. National Government’s Climate Action – Summarizes executive and legislative initiatives supporting climate goals.
3. Climate Change Adaptation and National Adaptation Plan (NAP) – Details the country’s roadmap for enhancing resilience to climate impacts.
4. Climate Change Mitigation and Nationally Determined Contribution (NDC) – Outlines the Philippines’ emission reduction targets and strategies under its NDC.
5. Inter-agency Collaborative Arrangements – Describes coordination mechanisms among government agencies for climate governance.
6. Overview of the Philippine Sustainable Finance Roadmap – Presents the strategic framework for aligning finance with sustainability objectives.
   • Sustainable Finance Ecosystem – Defines the actors, enablers, and flows within the sustainable finance landscape.
   • Sustainable Finance Instruments – Introduces tools like green bonds, sustainability-linked loans, and blended finance.

 

C. BSP’s Strategy and Response to Climate Risks – Outlines the Bangko Sentral ng Pilipinas’ (BSP) regulatory and supervisory initiatives on climate risk.

1. Inclusive Sustainability Agenda – Reflects the BSP’s strategic objective of mainstreaming inclusion in its sustainability agenda, ensuring that efforts consider the needs of vulnerable sectors and align with broader development goals.
2. Key Considerations – Highlights the BSP’s key considerations and the principles underpinning its regulatory and supervisory approach to addressing climate-related risks and promoting sustainable finance.
3. Sustainability-related Regulations – Reviews regulatory frameworks that promote climate-aligned financial practices.
   • Enabling Supervisory and Regulatory Approach – Describes BSP’s risk-based and proportionate supervision model.
   • Risk Governance – Covers expectations for banks to integrate climate and other environmental, as well as social risks into their governance frameworks.
   • Regulatory Incentives – Highlights the BSP’s policy measures that support sustainable finance.
   • Transparency and Credibility – Presents BSP’s key elements for promoting credible and transparent sustainable finance practices that enhance market integrity and stakeholder confidence:

• • • Sustainability Disclosures: Provides the minimum sustainability disclosure requirements for banks.
    • Sustainable Finance Taxonomy: Introduces the Philippine Sustainable Finance Taxonomy Guidelines and its supplementary guidance for classifying green and transition activities.

1. • Amended Regulatory Relief Policy – Presents BSP’s enhanced relief measures for banks affected by calamities, recognizing the vulnerability of sectors like agriculture to climate-related risks.

 

4. Other BSP Initiatives in Advancing Sustainable Finance – Showcases complementary efforts to mainstream sustainability in the financial sector.Other BSP Initiatives in Advancing Sustainable Finance – Showcases complementary efforts to mainstream sustainability in the financial sector.

1. 1. Research and Studies: Supports evidence-based policymaking and innovation.
   2. Supervisory Tools: Includes climate stress testing, scenario analysis, and taxonomy integration.
   3. Capacity-building: Enhances institutional readiness through training and knowledge exchange.

5. Forthcoming Policy Initiatives Previews upcoming regulations, guidelines, and strategic directions.

 

Q & A Portion

 

Target Participants: Open to all members of Senior Management and Officers, particularly from Sustainability Office, Risk Management Offices, Compliance Office, Internal Audit, Credit and Lending Office, Branch Banking Sector and Regional/Branch Office, and Public Relations Office

 

Resource Speakers:

MS. JOELYN P. CUCHAPIN

Bank Officer V

ESG Supervision and Surveillance Group,

Policy and Specialized Supervision Sub-Sector

Bangko Sentral ng Pilipinas

 

MR. ALEXIS JAN M. PATACSIL

Bank Officer IV

ESG Supervision and Surveillance Group,

Policy and Specialized Supervision Sub-Sector

Bangko Sentral ng Pilipinas

 

Schedule:

January 21, 2026 (Wednesday) 10:00 AM – 12:00 PM

 

Training Fee per Participant:

Member Institution – Php2,800.00

Non-Member Institution – Php3,920.00

*VAT Inclusive

 

REGISTER HERE!