Green suring a Sustainable Future
By now, the world has a fair idea of the need for Green Buildings, which incorporate advanced features that are environmentally friendly and highly resource-efficient throughout the building lifecycle. For populous countries, it’s a matter of today and not tomorrow. For a fairly populous country like the Philippines (ranks 13th in terms of population), it’s quite inevitable to focus on green buildings going forward. Recognizing this need, government agencies in the country have proposed and implemented several policies in the recent past. If you belong to the segment or if you are an aspiring entrepreneur, you must ensure that you are at the cutting edge of things, especially regarding green building compliances.
In addition, government agencies have announced several initiatives to promote green building practices in the country. The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, announced sustainable finance regulations that persuade financial institutions to back green initiatives. The central bank’s Sustainable Finance Framework mandates that banks and financial institutions must consider environmental and social factors in their lending, investing, and risk management practices. The framework is designed to reward the issuance of green bonds and green loans. The Philippines Securities and Exchange Commission has also proposed Green Bonds and Social Bonds, which support sustainable and socially beneficial investments. The Department of Energy (DoE) joins the list by implementing financial mandates that promote the adoption of green workspaces.
In this yearly special issue, we have curated a list of leaders and their stories to delve further into the Philippines’ construction and infrastructure industry.
Do let us know your thoughts.