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The Securities and Exchange Commission (SEC), together with the Department of Finance (DOF) and the Asian Development Bank (ADB), concluded a Joint Knowledge Sharing Event (JKSE) that introduced digitally tracked green bonds (DGTBs)to potential issuers, investors, and policy makers. The JKSE was organized as part of the collaborative efforts to facilitate environmental, social, and governance (ESG) bond issuance, improve disclosure to market players, and share knowledge on using digital technologies in financial services.
Also in attendance were lead officers from the Bangko Sental ng Pilipinas, Maharlika Investment Company, publicly listed companies, and asset managers. The JKSE was opened by Mr. Asif Cheema of ADB, while DOF Undersecretary Alu Dorotan Tiuseco officially welcomed participants to the event. Presentations and discussions were subsequently moderated by Mr. Junkyu Lee of ADB. The event gave the attendees valuable insights into critical aspects of DGTB, its operations, and management. Mr. Toshihiro Akema of the Japan Exchange Group, Inc. (JPXI) discussed an overview of the DGTB, including the green bond market status, issues, and challenges of existing green bonds, and the key features and infrastructure of DTGBs. The discussion was followed by a presentation by Mr. Masayuki Oyamatsu of Hitachi on the technologies underlying DTGB and their sustainable finance platform, including the system configuration of green digital tracking. He also highlighted Hitachi’s future plans for development such as the platform’s application to carbon credits. In wrapping up and closing the event, SEC Commissioner McJill Bryant T. Fernandez emphasized the Commission’s commitment to building a sustainable Philippine capital market and recognized the demand of investors for data transparency and standardization. “By leveraging advancements in digital technology, markets can service this need, providing both issuers and investors with tools to report and access credible information with ease,” Commissioner Fernandez said. Overall, the event gave the participants a shared understanding on the DTGBs, that aims to leverage blockchain and Internet of Things technologies to ensure greater transparency and efficiency in the tracking and reporting of green bond metrics. The bonds can potentially enhance the integrity of sustainable finance by providing clear, traceable insights into the environmental impact of funded projects.
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