The module outlines the evolution of sustainable and green finance in the Philippines, driven by regulatory frameworks from BSP, DOF, and SEC. It differentiates sustainable finance, green finance, and climate finance, emphasizing the broader scope of sustainable finance, which includes environmental, social, and governance (ESG) goals. The module also explores the financial instruments available for green projects, such as bonds, equity investments, and insurance, and highlights key initiatives and programs like the ASEAN Green Bond Standards and the development of sustainability bonds. The Philippines has seen significant growth in the sustainable finance market since 2016, with increasing issuance of green, social, and sustainability bonds by various entities. This growth reflects the country’s commitment to aligning financial practices with sustainable development goals.