Philippines Green Finance Context
The green finance landscape
Climate vulnerability
The Philippines is one of the world’s most climate-vulnerable countries:
- Annual disaster losses: $3.6 billion average (1990-2020)
- Typhoon exposure: 20+ tropical cyclones annually
- Sea level rise: Critical threat to coastal areas
- Agricultural impacts: Food security risks
This vulnerability drives strong demand for climate adaptation finance alongside mitigation.
National Climate Change Action Plan (NCCAP)
The NCCAP 2011-2028 prioritizes:
- Food security
- Water sufficiency
- Ecological and environmental stability
- Human security
- Climate-smart industries and services
- Sustainable energy
- Knowledge and capacity development
Regulatory Framework
Bangko Sentral ng Pilipinas (BSP)
BSP has issued comprehensive sustainable finance regulations:
| Regulation | Year | Focus |
|---|---|---|
| Circular 1085 | 2020 | Sustainable Finance Framework |
| Circular 1128 | 2021 | Environmental and social risk management |
| Memorandum M-2022-026 | 2022 | Climate risk stress testing |
Securities and Exchange Commission (SEC)
SEC Philippines sustainability initiatives:
- Sustainability Reporting Guidelines for Listed Companies
- Green Finance Taskforce
- ESG disclosure requirements
Partner Universities
Ateneo de Manila University (ADMU)
Location: Manila (Metro Manila) Role: WP4 Leader (Programme Delivery)
Expertise: Finance, accounting, leadership, sustainability management, governance Website: ateneo.edu
ADMU’s John Gokongwei School of Management leads the MS in Sustainability Management program, making it a key partner for programme delivery.
West Visayas State University (WVSU)
Location: Iloilo (Visayas Region)
Expertise: Business management, cooperative development, sustainable community development Website: wvsu.edu.ph
WVSU brings regional perspective from the Visayas, focusing on community-based sustainable development.
What the curriculum adapts
Local content priorities
- Climate resilience: Adaptation finance as key theme
- Green jobs: Employment transition focus
- MSME financing: Green finance for small enterprises
- Disaster risk finance: Insurance and resilience products
Case study topics
- Philippine green bond issuances (BPI, RCBC)
- Climate resilience infrastructure financing
- Renewable energy project finance
- Green microfinance initiatives
Green Economy Programme (GEP)
The EU-Philippines Green Economy Programme (EUR 60 million) supports:
- Sustainable consumption and production
- Green jobs creation
- MSMEs green transition
- Sustainable agriculture
This programme provides practical case studies for curriculum development.
Market Data
| Indicator | Value | Source |
|---|---|---|
| Green bond issuance (2023) | $2.1 billion | Climate Bonds Initiative |
| Sustainable finance framework banks | 100% of big banks | BSP (2023) |
| Renewable energy share (2023) | 22% | DOE |
| Climate vulnerability rank (2021) | 4th globally | Global Climate Risk Index |
Dated to the year each figure describes, with the body that published it. Regulation moves: the supervisors’ own pages, linked under Key Resources, carry the current requirement.
Key Resources
Official Documents
Research
- World Bank (2024). Philippines Climate and Development Report
- ADB (2024). Green Recovery in the Philippines
(c) GREEN FINANCE Consortium 2026