To foster environmental sustainability in the financial sector, the Securities and Exchange Commission (SEC), together with the Department of Finance (DOF) and the Asian Development Bank (ADB), introduced digitally tracked green bonds (DGTBs) to potential issuers, investors, and policymakers.
The introduction of digital green bonds was unveiled during the recently concluded Joint Knowledge Sharing Event (JKSE).
DGTBs have the potential to enhance transparency and efficiency in tracking and reporting green bond metrics. By leveraging blockchain and Internet of Things technologies, DGTBs aim to provide clear, traceable insights into the environmental impact of funded projects, thereby bolstering the integrity of sustainable finance.
SEC Commissioner McJill Bryant Fernandez emphasized the importance of leveraging digital advancements to meet investor demands for data transparency and standardization.
The event also discussed DGTB’s operational framework, underlying technologies, and future applications.
The JKSE, organized to facilitate Environmental, Social, and Governance (ESG) bond issuance and improve disclosure to market players, saw attendance from prominent figures including lead officers from the Bangko Sentral ng Pilipinas, Maharlika Investment Company, publicly listed companies, and asset managers.