Philippines
2024
August 14, 2024
Manila House, Bonifacio Global City, Taguig
August 14, 2024
Manila House, Bonifacio Global City, Taguig
In-Person Attendance (PHP3800)
Virtual (Free)
The race is on for the Philippines to achieve its pledge to reduce greenhouse gases emissions by 75 per cent by 2030. Most of the country’s target is conditional, to be met through funding and assistance from the international community. With a lack of a science-based net zero target, and its coal and gas fleet, how can the fossil fuel-dependent country attain its low-carbon ambitions?
The government kickstarted the Green Energy Auction Programme to ensure renewables account for 35 per cent of the country’s energy mix by 2030.
The country’s first-ever carbon pricing measure is being developed to incentivise industries to decarbonise. A bill focused on natural capital accounting has been signed into law, with measures to boost investment for reforestation and mangrove preservation. There is also now a strong push for blue carbon projects.
How can the Philippines unlock more funding to support the new era of nature and energy? What frameworks are needed to make transition finance an effective tool for hard-to-abate sectors? How can SMEs access funding to scale their sustainable business transformation?
Unlocking Capital for Sustainability Philippines 2024 will convene leaders and decision-makers across the government, financial institutions and civic society to explore how to enable an equitable transition.
Lyn Javier
Assistant Governor of the Policy and Specialized Supervision Sub-Sector, Bangko Sentral Ng Pilipinas
Javier
Speaking on:
HMA Laure Nicole Stephanie Beaufils
UK Ambassador to the Republic of the Philippines and the Republic of Palau
Beaufils
Speaking on:
Javey Paul D. Francisco
Commissioner, Securities and Exchange Commission Philippines
Francisco
Speaking on:
Dr. Renato E. Reside Jr.
Undersecretary for Tax Research and Expenditure Monitoring (TREM), Department of Finance, Philippines
Reside Jr.
Speaking on:
Ping Manongdo
Country Director Philippines and Assistant Director, Partnerships, Eco-Business
Manongdo
Speaking on:
Marla Garin-Alvarez
Vice President & Head, Sustainability Office, Compliance Group, BDO Unibank
Garin-Alvarez
Speaking on:
Marcel J. Silvius
Philippines Country Representative, Deputy Director Asia, Sustainable Landscapes CoP Lead Asia-Pacific, Global Green Growth Institute (GGGI)
Silvius
Speaking on:
Atty Federico Tancongco
Senior Vice President and Chief Compliance Officer, Head of Compliance and Legal Department, BDO Unibank
Tancongco
Speaking on:
9:00
Opening preliminaries
9:15
Welcome remarks
9:20
Opening keynote
9:30
Panel discussion 1: Galvanising the Philippines’ carbon markets
The Philippines is about to foray into the carbon markets, with a bill that hopes to price carbon and establish a carbon trading scheme once it becomes law.
Businesses are split with their support for the legislation, with some airing concerns about the lack of capacity that the government has to monitor the proposed cap and trade scheme, and others believing that the public and private sectors could be ripe for it.
What pathways would lead the Philippines towards a just and sustainable low-carbon future? How can the nation harness the potential of carbon credit financing?
Speakers
10:30
Panel discussion 2: Investing in the transition of critical sectors: Energy, infrastructure, building
Energy, infrastructure, and buildings are pivotal for the Philippines' low-carbon economic development.
Retiring all coal plants up to five years before their end of life is estimated to cost US$10.6 billion. This measure could prevent 290 million tonnes of CO2 emissions, effectively doubling the country's annual CO2 reduction and aligning with the Paris Agreement's objectives.
The building sector also holds significant potential to reduce emissions intensity through energy efficiency and a whole-life carbon approach, which need not be prohibitively expensive.
How can the Philippines secure the necessary financing to transition these critical sectors and seize the substantial opportunities this presents?
11:15
Insights presentation: Bridging financing for green economy
12:45
Insights presentation 2: Measuring the macroeconomic effects of carbon prices
13:00
Closing panel: Making the Philippines' transition investible
Across Southeast Asia, the Philippines is still the only country without a net-zero target.
But corporates in the country are slowly taking it upon themselves to commit to net zero science-based goals. This is driven by advances in regulation globally that are forcing companies to decarbonise.
What guidance and toolkits are available to Philippine companies to strengthen their business case for transitioning to low-carbon investments and business models?
Speakers
13:45
Closing keynote: A new nexus for energy and nature: Unlocking investment opportunities for the Philippines
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BDO Unibank
BDO is a full-service universal bank in the Philippines, providing a complete array of industry-leading products and services including Lending (corporate and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Retail Cash Cards, Corporate Cash Management and Remittances. Through its local subsidiaries, the Bank offers Investment Banking, Private Banking, Leasing and Finance, Rural Banking, Life Insurance, Insurance Brokerage, and Online and Traditional Stock Brokerage services.
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GHD
GHD is a leading professional services company operating in the global markets of water, energy and resources, environment, property and buildings, and transportation. Committed to a vision to make water, energy, and communities sustainable for generations to come, GHD delivers advisory, digital, engineering, architecture, environmental and construction solutions to public and private sector clients. Established in 1928 and privately owned by its people, GHD’s network of 11,000+ professionals are connected across more than 160 offices located on five continents.
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Pollination
Pollination is a specialist climate change investment and advisory firm dedicated to accelerating the transition to a net-zero, nature positive future. It works with clients across government, business, and public and private capital, helping them to navigate the climate transition. Pollination is also developing several net-zero-focused investment platforms and is a partner in Climate Asset Management, a joint venture with HSBC that currently has US$650m in Assets under Management, across natural capital and carbon strategies.
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Energy Development Corporation (EDC)
EDC strives to create a world that can thrive and flourish in the years to come. Beyond generating clean energy, we are working to bring everyone together, from our employees, customers, and partners to our communities and the environment, to move toward this goal.
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Centre for Asian Philanthropy and Society (CAPS)
Established in 2013, the Centre for Asian Philanthropy and Society (CAPS) is committed to improving the quantity and quality of philanthropic giving throughout Asia. Our mission is to improve the social investment sector in Asia by identifying and disseminating best practices, models, policies and strategies that can contribute to positive system change.
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Global Green Growth Institute (GGGI)
The Global Green Growth Institute (GGGI) was founded as a treaty-based international, inter-governmental organization in 2012 at the United Nations Conference on Sustainable Development. GGGI supports its Member States in transitioning their economies toward a green growth model that simultaneously achieves poverty reduction, social inclusion, environmental sustainability, and economic growth. With 48 Member States and over 24 Partner countries and regional integration organizations in the process of accession, GGGI delivers programs and projects in over 51 countries. These initiatives encompass developing innovative green growth solutions, technical support, capacity building, policy planning & implementation, and assistance in building a pipeline of bankable green investment projects, project financing, investments, and knowledge sharing. GGGI’s work contributes to its Member States’ efforts to fulfill the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement.
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UNDP
UNDP is the United Nations' lead agency on international development. We work in over 170 countries and territories, helping to eradicate poverty, implement the Paris Agreement on climate change and achieve the Sustainable Development Goals. We connect countries to the knowledge, resources and networks they need to achieve development breakthroughs.
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RepRisk
Founded in 1998 and headquartered in Switzerland, RepRisk is a data science company that provides transparency on business conduct risks like deforestation, human rights abuses, and corruption. RepRisk enables efficient decision-making for clients and supports alpha generation and value preservation for their organization, investments, and business interests. RepRisk is trusted by 80+ of the world’s leading banks, 17 of the 25 largest investment managers, corporates, and the world’s largest sovereign wealth funds for their due diligence processes. RepRisk uses human curation and cutting-edge artificial intelligence to generate the world’s most comprehensive business conduct and biodiversity risk datasets on public and private companies, real assets, and countries.
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WWF
WWF is one of the world’s largest and most respected independent conservation organisations. Our mission is to stop the degradation of the earth’s natural environment and to build a future in which humans live in harmony with nature. WWF-Singapore helps protect Singapore’s essential needs through the actions of individuals, businesses and governments in the region. To meet key conservation goals, we address issues such as deforestation, haze pollution, food security, sustainable consumption and illegal wildlife trade.
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Asia Investor Group on Climate Change (AIGCC)
Asia Investor Group on Climate Change (AIGCC) is an initiative to create awareness and encourage action among Asia’s asset owners and asset managers about the risks and opportunities associated with climate change and low-carbon investing.
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