Experts push sustainable finance, manage climate change in PNB forum

PASAY CITY, Philippines - July 8, 2021 - PRLog -- Close to 500 individual participants from 143 companies attended the kick-off event on sustainable finance hosted recently by Philippine National Bank (PNB) for its institutional clients and partners.

PNB President and CEO Wick Veloso said the bank gathered known sustainability experts from institutional customers and partners for them to share insights on how their companies are driving sustainability and making it work for business.

"In the 'New Normal', business is no longer about just making money, it's about making people's lives better for the future," Veloso said. "PNB hosted this event so we can learn about best practices together with our clients."

Aligned with the sustainable finance framework it submitted to its regulators last December 2020, PNB has been imbedding sustainability principles into its governance framework, risk management systems, and strategic objectives, consistent with the risk profile and complexity of its operations.

PNB's sustainability policy and three-year transition plan set the tone and parameters in managing its environmental and social risks associated with supporting businesses, projects, or industry sectors.

Veloso added, "Taking care of our environment is our responsibility to ensure the future of our children and grandchildren." The discussion centered on the benefits that companies could reap for the long term when sustainability goals are met.

The Lucio Tan-led bank gathered seven resource speakers from diverse industries who are all sustainability leads in their businesses. The speakers included: Maria Corazon Dizon from AC Energy Corp., Sheryll Verano from Arthaland Corp., Agnes De Jesus from First Gen Corp., Zdenek Jankovsky from Home Credit Philippines, Carmen Jimenez-Ong from Menarco Development Corp., Manuel Mirabueno Jr. from Star 8 Green Technology Corp., and Mark Anthony Marcelo from Toyota Motor Philippines.

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