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Biodiversity degradation has ‘modest’ impact on banks so far, says BSP

By Inquirer - 3 months ago
Biodiversity losses only have a “modest” impact on the Philippine banking system, the Bangko Sentral ng Pilipinas (BSP) said in a report that nevertheless showed lenders’ growing interest in offering sustainable finance products. In its 2023 Sustainability Report released on Friday, the BSP said a preliminary analysis showed that biodiversity depletion tends to reduce bank

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