As the country becomes more vulnerable to environmental threats, growing poverty cases and economic uncertainties, regulating financial regulations on small businesses to thriving corporations would help promote sustainable practices and develop greener establishments.

These regulations allow the adoption of eco-friendly technologies and uphold ethical business conduct, which will be more sustainable and environmentally friendly in the long run.

Daniel Salapong of Colliers stated that these regulations would help "incentivize businesses to adopt sustainable business practices and contribute to the country's efforts to mitigate the impact of climate change."

With that, here are several financial regulations that will be crucial in creating more sustainable and more equitable businesses.

The "Green Building Act of 2018" is a significant mandate that pushes for greener and more sustainable businesses through integrating energy-efficient and environment-conscious practices. This mandate requires real estate developers to plant trees for the construction of residential, commercial and industrial buildings.

This regulation pushes forward a greener environment and society by minimizing the impact of climate change on the country.

Another regulation is Bangko Sentral ng Pilipinas' Sustainable Finance Framework. The framework requires financial institutions like banks to integrate ethical, environmental and social standards in activities such as lending or investing.

This regulation pushes sustainable investments, which will benefit the country's economic growth while positively impacting the environment.

Greener finances