Climate Change and Environmental Risks in the Financial and Private Sector and Opportunities for Green Finance - Background Paper PH-7

Jul 19, 2026

Climate Change and Environmental Risks in the Financial and Private Sector and Opportunities for Green Finance (PH-7) examines how climate-related risks affect financial institutions and private sector activities in the Philippines. It outlines key vulnerabilities, the response of financial sector authorities, and supervisory and policy recommendations. The paper also analyzes barriers and government and private sector initiatives to deepen green finance, connecting climate impacts to green investment pathways and risk finance mechanisms.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages46

Reading Time1 h 56 min

Climate and Development in the Philippines

Financial Sector Authorities’ Response to Climate Risk

Financial Sector’s Vulnerabilities from Climate Change

Supervisory and Policy Response from Financial Sector Authorities and Recommendations

Banking Sector

Disaster Risk Finance

Insurance Sector

Barriers and Opportunities to Deepen Green Finance and Investments

Government Initiatives on Green Finance and Investments

Financial Sector

Private Sector

Barriers to Green Finance and Investments

Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Background Paper PH-7 Climate Change and Environmental Risks in the Financial and Private Sector and Opportunities for Green Finance Philippines CCDR Background Papers PH-1 Climate Change Institutional Analysis PH-2 Water PH-3 Agriculture PH-4 Philippine Energy Transition: Towards a Secure, Affordable and Clean Energy Future PH-5 Transport PH-6 Macroeconomic Modelling in the Philippines CCDR PH-7 Climate Change and Environmental Risks in the Financial and Private Sector and Opportunities for Green Finance PH-8 The Distributional Impacts of Climate Change Damage, Adaptation and Mitigation Policies in the Philippines PH-9 Strengthening Adaptive Social Protection for Climate Change and Disasters PH-10 Social Impacts of Climate Change in High-Risk Areas of the Philippines PH-11 Disaster Risk Management in the Philippines © 2023 The World Bank Group 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; [Internet: ](Internet: www.worldbank.org)[www.worldbank.org](Internet: www.worldbank.org) This work is a product of the staff of The World Bank Group with external contributions.“The World Bank Group” refers to the legally separate organizations of the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) . The World Bank Group does not guarantee the accuracy, reliability or completeness of the content included in this work, orthe conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank Group concerning the legal status of any territory or the endorsement or acceptance of such boundaries. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the organizations of the World Bank Group, their respective Boards of Executive Directors, and the governments they represent. The contents of this work are intended for general informational purposes only and are not intended to constitute legal, securities, or investment advice, an opinion regarding the appropriateness of any investment, or a solicitation of any type. Some of the organizations of the World Bank Group or their affiliates may have an investment in, provide other advice or services to, or otherwise have a financial interest in, certain of the companies and parties named herein. Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of any of the organizations of The World Bank Group, all of which are specifically reserved. Rights and Permissions The material in this work is subject to copyright. Because The World Bank Group encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given and all further permissions that may be required for such use (as noted herein) are acquired. The World Bank Group does not warrant that the content contained in this work will not infringe on the rights of third parties, and accepts no responsibility or liability in this regard. All queries on rights and licenses should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org). Table of Contents Acknowledgments ................................................................................................

FAQs

What is the focus of Background Paper PH-7 in the Philippines CCDR series?

PH-7 focuses on climate change and environmental risks affecting the financial and private sectors, and on opportunities to expand green finance and investments.

How does the paper approach climate risk in the financial sector?

It covers financial sector vulnerabilities from climate change and reviews supervisory and policy responses, with recommendations for authorities.

What does the paper discuss regarding green finance expansion?

It identifies barriers to green finance and investments, and summarizes government initiatives and private sector roles to deepen green finance.

Jul 19, 2026

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