RCBC’s commitment to the UN Sustainable Development Goals
and Paris Agreement to reduce impact of climate change
RCBC pushes forward with its Sustainable Finance Framework that will enable the Bank to provide financing to green, social and low environment impact projects.
The Bank has gained recognition for adopting industry best practices in Environmental, Social, and Governance (ESG) areas, and for promoting Sustainable Finance.
RCBC believes that good sustainable practices eventually pay dividends and are in the best interest of borrowers. Climate change is a real and present danger to humanity and it would not be prudent to ignore its negative effects. By directing finance to projects and activities with positive sustainable impact, RCBC aligns its Sustainable Finance initiatives with the UN Sustainable Development Goals (SDGs) and the Paris Agreement. The Bank aims to position itself to take advantage of the opportunities that will arise from transition to a carbon neutral world.
RCBC has been rated “A” by Morgan Stanley Capital International (MSCI) ESG Ratings since December 2018. The Bank has received numerous awards for its sustainability efforts through pioneering initiatives such as development of a Sustainable Finance Framework and for issuing Green and Sustainability Bonds aligned with the ASEAN Sustainability Bonds Standards.
In January 2020, RCBC released its first ever Green and Sustainability Bonds Impact Report, another important milestone for being the first bank in the country to publicly disclose the positive impact of its investments in sustainable initiatives.