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SEC, IFC team up for sustainable finance
The Philippine Star
|January 27, 2025
The Securities and Exchange Commission (SEC) is joining forces with the International Finance Corp. (IFC) to accelerate sustainable finance in the country.
The SEC said it has formalized a cooperation agreement with the IFC to support the 30by30 Zero Philippines Program, an initiative that aims to grow the climate-related lending of financial institutions to 30 percent of total portfolio on average with near zero coal exposure by 2030.
Under the agreement signed by the SEC and IFC last week, both parties will undertake capacity-building initiatives for thematic bond issuers, investors and domestic external reviewers.
This story is from the January 27, 2025 edition of The Philippine Star.
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