The Philippines Department of Finance (DOF) published its 2025 strategic plans and priorities for sustainable finance, outlining steps to give the Inter-Agency Technical Working Group on Sustainable Finance (ITSF) a more active and targeted role in developing sustainable finance policies. The ITSF, co-chaired by the DOF and the Climate Change Commission, is positioned to drive implementation of the Philippine Sustainable Finance Roadmap, harmonise government policies on green and sustainable projects, and build a pipeline of sustainable investments. Governance changes include moving to regular quarterly ITSF meetings to monitor policy updates and support agency reporting, and considering expanded membership to include the Bureau of the Treasury, the Philippine Guarantee Corporation (PHILGUARANTEE), and other relevant agencies. The DOF also set out a new structure for the Roadmap through three clusters, Policy, Financing, and Investment, and plans to establish a Center of Excellence for Sustainable Finance to support capacity building, policy support, and market development. Agencies were asked to submit priority projects aligned with the National Adaptation Plan and the Nationally Determined Contribution Implementation Plan, with priorities identified including an exploratory study of a Carbon Market Framework linked to Article 6 of the Paris Agreement, a Climate Finance Strategy, an update to the Sustainable Finance Framework, and guidelines for green financing under the Public-Private Partnership Code.

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