Sustainable finance and financial literacy in Cambodia and the Philippines

Financial literacy can help improve individuals’ financial resilience to environmental and climate-related risks, support consumers align their saving and investment choices with their sustainability preferences, and protect them from emerging risks such as greenwashing. This paper presents the results of a study on sustainable finance and financial literacy among adults in Asia, with a focus on Cambodia and the Philippines. The results focus on individual awareness, understanding and behaviours about the connection between climate-related risks, financial resilience and sustainable finance. The paper also explores the role of financial literacy in empowering consumers to maintain financial resilience in the face of climate-related risks and supporting them to express their sustainability preferences in the financial marketplace.