Manila, March 21 -- The Department of Finance (DOF), in collaboration with other government agencies and the private sector, is currently developing the Climate Finance Strategy (CFS) to help finance climate priorities, support active membership in the global multilateral funds, and scale up sustainable finance efforts through the Inter-Agency Task Force on Sustainable Finance (ITSF).

In a statement Friday, the DOF said the development of the CFS is part of the initiatives to make sure the Philippines has the right policy tools for Environmental, Social, and Governance (ESG) compliance to take the lead in financing climate action and ensure sustainable economic growth.

The CFS will serve as a national blueprint to scale up financing for...