Publication: A Climate Transition Risk Assessment for the Banking Sector of the Philippines
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2024-07-29
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2024-07-29
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This report describes a transition risk assessment for the Philippines’ banking sector conducted by a World Bank technical team. It is intended to provide a source of reference for financial regulators and financial institutions in the Philippines that are interested in conducting climate risk assessments, following relevant high-level supervisory guidance. Our analysis suggests that while the Philippines banking sector might experience limited financial stability effects due to climate transition risk, banks with significant exposure to high-emission sectors could face heightened vulnerabilities.
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“Nie, Owen; Dunz, Nepomuk; Pollitt, Hector. 2024. A Climate Transition Risk Assessment for the Banking Sector of the Philippines. Equitable Growth, Finance and Institutions Insight - Finance. © World Bank. http://hdl.handle.net/10986/41970 License: CC BY-NC 3.0 IGO.”
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