The Philippines is strategically positioned to harness the expanding momentum in sustainable finance, driven by strong economic stability and favorable market conditions, according to ING Bank in Manila. The country’s stable inflation, coupled with proactive monetary policies by the Bangko Sentral ng Pilipinas, has created an optimal environment for green financing.
In a recent statement, ING highlighted the country’s expanding role as a key player in Southeast Asia’s sustainable finance sector. Renewable energy and infrastructure projects are attracting increasing interest, bolstering the nation’s status as an emerging hub for green investments.
“The Philippines is at a pivotal moment in its sustainable finance journey. With stable economic indicators and a clear focus on renewable energy and infrastructure, the country is well-positioned to attract green investments,” said Jun Palanca, country manager for ING Philippines.
ING’s commitment to this transition is evident in its global efforts. The bank is on track to mobilize €130 billion in sustainable financing in 2024, underscoring its dedication to supporting sustainable development worldwide.
As green bonds and sustainable financing solutions gain traction across Asia and emerging markets, the Philippines is making strides to maintain its economic stability while aligning with the region’s growing demand for environmentally-focused financial products.
The country’s position as Southeast Asia’s second-most active sustainable bond issuer is also notable, with approximately USD15.28 billion raised for green or sustainable projects in 2024. Thailand led the region with USD19.56 billion, while Malaysia ranked third at USD14.99 billion.
This surge in sustainable finance issuance is part of a global trend, with total global sustainable finance hitting a record USD1.657 trillion in 2024, a rise of 11 percent from the previous year. Green bond issuance alone reached USD688 billion, with expectations to surpass USD700 billion in 2025.
“With supportive regulatory frameworks and growing investor demand for credible ESG solutions, the Philippines is poised to play a significant role in the global transition to a sustainable economy,” ING said.
