BSP and UNEP-FI conduct webinar on climate risk modeling for adaptation and resilience

In Photo: The Bangko Sentral ng Pilipinas (BSP) conducts a webinar for over 100 financial institutions on “Climate Risk Modeling for Adaptation and Resilience” in coordination with the United Nations Environment Programme – Finance Initiative V20 Sustainable Insurance Facility (UNEP-FI V20 SIF) on 2 May 2025. BSP Assistant Governor and Chief Sustainability Officer Pia Bernadette Roman Tayag (right, center) opens the session. She is joined by (from top, left to right) Director Ellen Joyce L. Suficiencia, BSP Sustainability Office; Manoj Pandey, UNEP-FI Asia-Pacific Regional Coordinator; Deputy Director Rhodora M. Brazil-de Vera, BSP ESG Supervision and Surveillance Group; Brandon Matthews, UNEP-FI Global Coordinator; and Agrotosh Mookerjee, Risk Shield Managing Director. Deputy Director Joanne Marie O. Decena of the BSP Sustainability Office (bottom, center) moderates the discussion.

The Bangko Sentral ng Pilipinas (BSP) and the United Nations Environment Programme–Finance Initiative (UNEP-FI) jointly organized the “Webinar on Climate Risk Modeling for Adaptation and Resilience” on 2 May 2025, attended by over 100 banks and other financial institutions.

The webinar featured speakers from UNEP-FI’s V20 Sustainable Insurance Facility, a project pipeline platform designed to support the development of climate-smart insurance solutions for micro, small, and medium-sized enterprises (MSMEs) in climate-vulnerable markets, including the Philippines.

Discussions centered on the importance of climate risk modeling in crafting financing strategies that protect banks’ MSME loan portfolios and deliver adaptation lending products tailored for MSMEs. This theme echoed the opening remarks of BSP Assistant Governor and Chief Sustainability Officer Pia Bernadette Roman Tayag, who highlighted the “mutually reinforcing goals for banks to build their own resilience and finance the adaptation needs of the communities they serve.”

The webinar also provided an opportunity for UNEP-FI to present its technical assistance program for banks, with funding support from the Asian Development Bank, aimed at advancing climate-smart financing strategies that benefit MSMEs.

This session marked the third installment of the BSP Knowledge Exchange (KX) Series on Sustainability, a collaborative learning platform for financial institutions and industry stakeholders toward mobilizing green finance in the Philippines.