The Philippine fintech sectors growth is expected to be driven by investments focusing on environmental, social, and governance (ESG) principles, according to Digido’s analysis. This sector, characterised by innovation and sustainability, is part of the broader global sustainability technology (SusTech) industry, which has attracted approximately USD400bn in investments since 2014. Notably, USD8.8bn of this has financed the fintech microfinance sector, crucial for sustainable development. However, only USD4m has been invested in 169 SusTech firms in the Philippines, indicating significant room for growth. To encourage ESG-centric investments as a key driver for fintech development, strategies suggested include formulating guidelines for incorporating ESG factors in investment decisions and enhancing investor education on ESG through information campaigns and training programmes.
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