Nie, OwenDunz, NepomukPollitt, Hector2024-07-292024-07-292024-07-29https://hdl.handle.net/10986/41970This 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.en-USCC BY-NC 3.0 IGOBANKING SYSTEMTRANSITIONCLIMATE CHANGEFINANCIAL STABILITYReportWorld Bank10.1596/41970