Philippine Sustainable Finance Taxonomy Guidelines: Sample Climate Adaptation-related Projects and Activities

BANGKO SENTRAL NG PILIPINAS To Subject . MEMORANDUM No. M-2025 -033 ALL BANKS The Philippine Development Plan IPDP) 2023-2028 highlights adaptation as the country's primary climate strategy. recognizing the Philippines' high vulnerability to climate-related hazards. OFFICE OF THE GOVERNOR Philippine Sustainable Finance Taxonomy Guidelines: Sample Climate Adaptation-related Projects and Activities Complementing this is the National Adaptation Plan INAP) 2023-2050. which lays out a long-term strategy to reduce vulnerability to climate change and strengthen resilience across sectors and communities. The NAP identifies eight (8) key sectors for adaptation action, as follows: A riculture, Fisheries. and Food Securit Water Resources Health Ecosystems and Biodiversity In line with this, the BSP is issuing the attached document containing examples of actual climate change adaptation-related projects (Annex A) and potential activities (Annex B) under the key sectors in the NAP, The list is not exhaustive and is intended solely for reference purposes. These examples are provided to assist banks in designing financial products and instruments that support the financing of climate change adaptation-related projects and activities. It is essential that the identified activities be assessed against the Philippine Sustainable Finance Taxonomy Guidelines. The assessment should consider the activities' substantial contribution to climate change adaptation objectives. while ensuring that no significant harm is done to the environment or society in general. The assessed activity may also be used in compliance with the mandatory credit to agriculture, fisheries and rural development or may qualify for the regulatory incentives provided under Circular No. 1185 dated 13 December 2023. Land Use and Human Settlements Livelihoods and Industries Ener . Trans ort, and Communications Cultural Heritage. Population Dis lacement, and Mi ration For information and guidance. October 2025 EU M. REMOLONA. ,R. Governor 1.1 Ing^

Non-exhaustive List of Actual Climate Change Adaptation-Related Projects Priority Activity/ Sector/s Pro Get Title Agriculture, Project LAWA Fisheries. (Local Adaptation sustainable solution which alleviates and Food to Water Access) Security Water Resources 2024-innovative solutions￾Description and Scope rig^^n: Project LAWA is a the challenges of water scarcity faced by local communities in periods of severe drought. disaster-risk￾red uction As part of the program, technical guidance was provided related to the construction of small fa rin reservoirs (SFR ) to enhance water and food security. Moving forward. complementary activities such as vegetable gardening. aquaculture, and hydroponics activities may be linked to the SFRs. Agriculture, Fisheries. and Food Security ANNEX A Water Resources Private Sector ri, ^2: This initiative aims to Role in Water and support and scale innovative solutions Food Resilience that can address poor wastewater (Philippine management and unsafe water Disaster sources. Resilience Foundation ) Project Pro orient Proponent: Department of Social Welfare and Development (DSWD); Food and Agriculture Organization (FAO), in collaboration with the Department of Agriculture DA) and DOST￾PACASA Scope: Pilot implementation in 2023 and Nationwide scaleup as of 2024 https://WWW, con nectingbusiness. org/ourwork/phili PPIneS One of the solutions identified include the ML Foldable Tank which is a rainwater collection and storage system. Using pipes. it transports water from rooftops into foldable, lightweight. and modular water tanks that can carry 1,000 liters of water per day, Based on the project presentation during the 'Adaptat, bn in Action. . Mobi/Iz, rig Finance for Climate-Re Water and Foodsystem3 Convention on 21 March 2025 On food resilience. one of the innovative solutions is the agri-tech platform empowering smallholder farmers and fisherfolks through "Growership Villages". This intends to improve rural incomes through climate smart production interventions and tech-enabled B2B distribution of harvest; thereby strengthening livelihood. reducing food loss and building resilience. Philippine Disaster Resilience Foundation (PDRF) Page I of 5

Priority Sector/s Agriculture, Fisheries, and Food Security Activity/ Pro t Title Livelihoods and Industries Commercializing ness^ This project aims to Climate-Resilient commercialize climate-resilient high￾High. Yielding yielding varieties (HYVs) of sugarcane Sugarcane and scale extension services for soil Varieties (ACREA) and water conservation practices. Description and Scope Scope, Implemented from 2023-2025, designed to be scalable and adaptable nationwide. targeting both rural and urban vulnerabilities Agriculture, Fisheries, and Food Security Livelihoods and Industries SERBISYO PROGRAM (System Enhancement for Rice to Boost. Increase and Sustain Yields Onwards) Resilient sugarcane varieties is seen to help formers adapt to the negative impacts of climate change. Scope: Up to 180,000 ha of sugarcane I^rins across Negros Occidental until 2030 Project Pro nent DB^^: This initiative. spearheaded by the Provincial Government of 110ilo. aims to enhance rice production while addressing climate challenges. ACREA Agricultural Systems International. Inc. The province seeks to increase rice yields by scaling climate-resilient seeds/high yielding varieties that can tolerate dry spells, deployed with the optimal mix of crop care solutions and farming practices. The program also includes development of small￾scale reservoirs with sola r-powered conveyance for rainfed areas. offered on a pay-per use model. Agriculture, Fisheries, and Food Security Livelihoods and Industries Sustainable Provincial Agro￾Industry Resource Center (SPARC) Project (Provincial Government of Agusan Del Sur) Provincial Government of 110ilo Scope:137,000 ha of I^rinland dedicated to rice cultivation (30% of total land area)in the Province of 110ilo ' Based on the project presentation during the 'Adaptation in Actrbn, Mob, 11:21ng Fibance for C/,,. hate-Pes, 11^fit Water andFoodSystem3 Convention on 21 March 2025 DR^3: The project is an agri￾forestry innovation and climate resilient trading hub. SPARC provides I^riners. micro, small. and medium enterprises IMSMEsi, and local industries with access to cutting-edge agricultural technologies, market linkages, and capacity-building programs. Aligned with A usan del Sur's broader efforts UNDP and the Province of Agusan del Sur Page 2 of 5

Priority Sector/s Activity/ Pro cot Title Ecosystems and Biodiversity Description and Scope to enhance soil health and sustainable farming, SPARC integrates science, technology. and innovation to improve agricultural resilience and economic growth. Land Use and Human Settlements Restoration Insure rice Service Company (RISCO) Scripe: 44.5 ha government-owned land of Agusan del Sur Province. The project commenced in 2023 and expected to be operationalized in 2027 onwards ^r^tmn: The Restoration Insurance Service Company IRISCO) is a pioneering model for climate adaptation that turns mangroves into natural infrastructure for flood protection. By quantifying the risk￾reducing benefits of mangrove ecosystems, RISCO enables insurance companies to invest directly in ecosystem restoration as a climate risk management strategy. This helps vulnerable coastal communities adapt to sea-level rise. storm surges. and extreme weather by preserving natural barriers that absorb wave energy and reduce flooding. Projec. Pro nen. Conservation International RISCO works hand-in-hand with local communities to identify high-impact sites for restoration. ensuring the approach is both locally grounded and socially inclusive. Insurance payments provide susta'nable financing for long-term ecosystem maintenance, offering a novel way to fund adaptation while strengthening community resilience from the ground up. Ecosystems and Biodiversity The Trinity Project IHijo Resources Corporation (HPC)l Scope: The planned pilot is in the Philippines. targeting 3,400 ha of mangrove conservation and 600 ha of restoration DR^ri^ien: The Trinity Project is a three-fold approach to rebuilding HRC's coastal ecosystem. Carried out in four phases covering four kilometers of Hijo's coastline in Tagum City. Davao del Norte. bulletin/20,8020 Implementation of the first phase of the Trinity Project has resulted in the return of different fish s ecies, rowth Hijo Resources Corporation (HRC); supported by the City Government of Tagum and the De artment Page 3 of 5

Priority Sector/s Activity/ Pro cot Title 8/2821750615704 Z^ Description and Scope of corals and spread of sea grass meadows, Transplanted corals doubled in size in two years, Scripe: The Trinity Project aims to plant 20 hectares of mangrove forest, grow 80 hectares of seagrass meadows. and create a fringing artificial coral reef environment. Health Ready-to-Eat (RTEI Food Products for Children Aged One to Five Years old The total rehabilitated area is estimated to cover around 120 hectares of intertidal and sub-tidal zones. The boundaries of the project reach from the southern side of the Madaum River down to the northern side of the Libuganon River. Deseri^ion^ The Ready-To-Eat IRTE) Food Products are a major breakthrough in emergency nutrition for children. This project responds to the urgent need for safe. nutritious. and shelf-stable meals during calamities when food supply chains break down. agricultural systems are damaged, and shortages of essential and nutritious food become widespread. By using ingredients sourced from the Davao Region. these products ensure both accessibility and cultural suitability for vulnerable communities at a time when it matters most. Project Pro nent of Science and Technology (DOST) Philippine Women's College of Davao; supported by the Philippine Council for Health Research and Development (PCHRD) The initiative has successfully produced four RTE products: All Veggie Monggo Meal. All-Veggie Cornmeal Porridge, Fruit-Veggie Leather with Peanuts and Puffed Rice. and Seed-Enriched Whole Grain Cookies. These products have been rigorously tested for acceptability, safety. and shelf life, ensuring they can reliably support the health and well being of young children in crisis situations. Beyond nutrition. this effort also contributes to strengthening community resilience and disaster preparedness. S^ripe: Nationwide; targeted to be aligned with the 20232028 National Health Research Agenda Page 4 of 5

Priority Sector/s Cultural Heritage. Population Displacemen t, and Migration Activity/ Pro cot Title The Manggahan Project forced￾relocation￾P^ Description and Scope DR^: The Manggahan Project is a climate-resilient housing initiative in Pasig City, Philippines. It is created in response to the threat of forced relocation ^ced by residents living along the Manggahan Floodway after Typhoon On doy in 2009. own-climate￾resilient In an effort to remain in their community. residents organized the Alliance of Peoples' Organizations Along Manggahan Floodway (APOAMF) and crafted the People's Plan-a community-led proposal for in-city housing, Project Pro nent Alliance of Peoples' Organizations Along Manggahan Floodway (APOAMF1 Pasig City Government; National Housing Authority INHA); With the su pport of University of Toronto (Reach Alliance) and Department of Pu blic Works and Highways (DPWH ) This plan laid the groundwork for the Manggahan Project. empowering residents to design and construct their own apartment complex close to their original homes. The project aims to provide safe, durable housing that can withstand climate related disasters while maintaining residents' access to jobs, schools, and social networks. Built on elevated land with reinforced structures and sustainable water systems. the project has already provided secure homes for hundreds of I^inilies. Scope: Serves hundreds of low￾income families in Pasig City Philippines. Earlier phases were completed in 2017. but rehabilitations are still ongoing as of 2025 Page 5 of 5

Non-exhaustive List of Sample Climate Change Adaptation-Related Activities/Practices' Priority Sector Agriculture, Fisheries, and Food Security Climate Change Adaptation-Related Activities/Practices Climate-Resilient Crop Production Focused on adapting agricultural practices to withstand climate stresses like drought, floods. and changing . Using stress-tolerant varieties (e. g. . submergence, salinity, drought, heat tolerance) o Using adaptive crop calendars (weather-adjusted planting/harvesting schedules) . Using integrated crop management or shifting to diversified cropping systems (e. g. . intercropping ) . Practicing organic I^rining Water Management and Conservation Techniques for conserving water and enhancing availability for agricultural use: . Using water harvesting technologies (e. g. , small impounding projects, drip irrigation I . Implementing soil and water conservation techniques seasons: AN N Ex B Agroforestry and Sustainable Land Use Integrated land use systems that combine crops. trees. and/or livestock: . Adopting agroforestry systems (e. g. , fruit/timber trees around rice fields) . Biogas and composting Ias part of circular nutrient management! Water Resources Sustainable Fisheries and Aquaculture Nature-based and community-led approaches to aquatic food production: o Adopting aqua-SIIviculture activities Ie. g. . fish forming in mangrove areas) . Adopting organic aquaculture . Communal stocking and rehabilitation of fish (community fish stock enhancement) ' Sample activities may also benefit other priority sectors (e. g. . activity benefitting both agriculture and biodiversity priority areas). Installing resilient water systems powered by renewable energy Improving water infrastructures/pipelines. watersheds and irrigation systems Adopting nature-based solutions (e. g. . restoring wetlands and river systems) Promoting efficient water allocation. water recycling. sustainable reuse of gray\Nater. rainwater harvesting Adopting and implementing smart technologies and innovative policies for water and wastewater inaria ement Page I of 3

Priority Sector Health Climate Change Adaptation-Related Activities/Practices Adopting recirculation and water reduction in water consumption per unit of product Ecosystems and Biodiversity Integrating meteorological data into health information systems to inform public and save more lives Adopting technology and digital health innovations tsuch as through telemedicine. mobile health: solar-powered water filtration I Making green. safe, and climate-resilient health facilities Ie. g. , resilient hospital design. reengineering a'r flow patterns; flood-resilient latrines and water points in flood-prone areas; disaster-proofing infrastructures) Implementing ecosystem-based adaptation practices I Maintenance and/or restoration of mangroves and other coastal wetlands to reduce flooding arid erosion; Sustainable management of upland wetlands and floodplains for maintenance of water flow and quality; Conservation and restoration of forests to stabilize land slopes and regulate water flows; Establishment of diverse agroforestry systems to cope with increased risk from changed climatic conditions; and the Conservation of agrobiodiversity to provide specific gene pools for crop and livestock adaptation to climate change Land Use and Human Settlements I Livelihoods and Industries I Creating smart and intelligent cities I Inclusive smart city solutions I Technological advancement I Use of big data and machine learning-based urban planning tools I Use of flood-sensor technologies Improving buildings height above the projected sea level rise Energy, Transport, and Communications Petrofitting production sites or business premises to be climate resilient Adopting climate-resilient technologies and equipment Developing one-stop-shop business solutions (e. g. smart workspace hub: neighborhood business centers; integrated business access points) to minimize transportation and commuting Energy . Installing more efficient cooling focilities to address increasing temperatures Page 2 of 3

Priority Sector Climate Change Adaptation. Related Activities/Practices Integrating structural adaptations into the structural designs/strengthening of energy infrastructures Transport . Constructing bridges that transport form inputs and outputs . Implementing infrastructures that better connect markets and economic facilities. such as transport infrastructure Cultural Heritage, Population Displacement, and Migration Communications . Implementing infrastructures that better connect markets and economic facilities. such as communications infrastructure . Using and accessing climate change and climate risk information in planning processes to assist in the development of green or blue infrastructure runked to both communications and planning intelligence systems) Developing early warning systems and community￾based disaster preparedness Designing climate-resilient housing and infrastructure for displaced populations Constructing climate-resilient post-disaster shelters that can better withstand future hazards Page 3 of 3