In addition, IFC and BSP shall continue to conduct awareness campaigns, capacity-building and peer learning events to deepen the industry’s understanding of ESG and ESRM. In this area, we are mindful that in the Philippines, there is a spectrum of big and small banks with varied capacities, business models and risk appetites.
Some will see value in ESG and ESRM; while some will simply not have the right capacity and resources to deal with these standards…for now. For those who can, and are willing, we look forward to further working with you. Today, we have lined-up international and local speakers to jumpstart the knowledge sharing on global developments and domestic experiences on CG and ESG.