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SEC strengthens push for sustainable finance
The Philippine Star
|March 06, 2024
The Securities and Exchange Commission (SEC) has reinforced its push for sustainable finance through the adoption of the country's taxonomy guidelines.
The Philippine Sustainable Finance Taxonomy Guidelines (SFTG) provides a framework for the determination of the environmental and social sustainability of economic activities and guidance for stakeholders in making well-informed investment and financing choices.
It offers a simplified approach for the assessment of micro, small and medium enterprises' activity for financing to ensure that they are not unduly excluded from participating in sustainable finance.
The SFTG was formulated under the guidance of the Financial Sector Forum composed of the SEC, Bangko Sentral ng Pilipinas, the Insurance Commission and the Philippine Deposit Insurance Corp.
Adopting the taxonomy guidelines on sustainable finance forms part of the SEC's efforts to promote environmentally and socially sustainable economic activities.
Dit verhaal komt uit de March 06, 2024-editie van The Philippine Star.
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