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October 03, 2023

BSP increases investments in green bonds

The Bangko Sentral ng Pilipinas (BSP) continues to work towards incorporating sustainability principles into its reserve management framework after total investments in green bonds reached more than $550 million.

“The BSP recognizes the importance of responsible investing. This is why we work towards incorporating sustainability principles into our reserve management framework,” BSP Governor Benjamin Diokno said.

The BSP’s green bond portfolio consists of $550 million invested in the Bank for International Settlement’s first Green Bond Fund (BISIP G1) and in the Asian Green Bond Fund (BISIP G3).

“From a portfolio management perspective, we also expect the exposure to high-quality green bonds to provide benefits to the BSP in terms of diversification and return,” Diokno said.

The central bank’s total green bond investment is currently equivalent to less than one percent of the country’s gross international reserves (GIR).

The BSP’s exposure in green bonds is part of a holistic approach that also covers the “Sustainable Central Banking Program” which integrates environmental aspects in the BSP’s operations; the launch of the “Sustainable Finance Framework” for banks; and its leadership in the government’s interagency collaboration through the Green Force.


PNB recognized during SSS’s 66th anniversary celebration

The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.

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