MSME climate change efforts get boost

Feb 26, 2024 12:27 am

THE Bangko Sentral ng Pilipinas (BSP) has recognized the important role of micro, small and medium enterprises (MSMEs) in the economy, also stressing the need to fund its climate change mitigation or adaptation efforts.

After the Monetary Board approved the adoption of the Philippine Sustainable Finance Taxonomy Guidelines (SFTG) for banks in its meeting held on Feb. 14, 2024, the central bank highlighted its potential as a tool to channel funds toward climate change initiatives for MSMEs.

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