Phl emerging as key market for sustainable finance

The Philippines is emerging as a key growth market for sustainable finance in Asia-Pacific, buoyed by accelerating renewable energy projects and rising demand from data-intensive industries, even as global issuance softened in 2025, according to Dutch financial giant ING.

- By KEISHA TA-ASAN

ING’s latest Sustainable Finance Pulse showed global sustainable finance issuance reached $1.231 trillion from January to September, down by 5.2 percent from $1.298 trillion in the same period last year.

Despite the moderation, the Asia-Pacific region recorded $345 billion in issuance from January to September, extending a growth streak that began in 2021 and keeping the region on track for another record year.

Within this regional momentum, the Philippines has posted measurable gains, supported by policy targets and strong deal flow. ING said year-to-date sustainable finance issuances in the country have exceeded $10 billion, alongside commitments for around 10.2 gigawatts of renewable energy capacity secured through the government’s Green Energy Auction program.