THE Philippines and Sweden aim to deepen partnership in building their respective “green and blue” economy, Environment Secretary Antonia Yulo-Loyzaga said.

The secretary made the remark during the Swedish National Day as she reaffirmed the Philippine government’s commitment to pursue its green economy as part of its socio-economic development.

The Embassy of Sweden in Manila marked the occasion with a business forum that focused on green transition. It highlighted the need for green and eco-friendly practices to achieve sustainable socio-economic development.

The Philippines and Sweden, Yulo-Loyzaga said “have had a long history of collaborative partnership in the management of our forests, coastal areas, and coral reefs.”

Sweden’s diplomatic relations with the Philippines started in 1947.

“At this turning point of our planet’s future, we look forward to deepening our partnership as we work towards a just transition in our respective journeys towards building our green and blue economy,” Yulo-Loyzaga said in a speech.

“We are proud to have more than 40 Swedish companies in the Philippines that practices sustainability in their business operations, and leaders who work to have a greener and livable planet for future generations,” Swedish Ambassador to Manila Annika Thunborg said.

“In rapidly growing economies, a green sustainable transition will assist with socio-economic development,” the ambassador said.

“Sustainability in all aspects – environmental, social, and economic – is part of this and will lead to inclusion and better health and quality of life for all,” Thunborg added.

Sweden ranks 3rd in the 2022 Sustainable Development Goals Report and fifth in the Climate Change Performance Index.

“Team Sweden in Manila has been actively promoting a green energy and industrial transition, sustainable transport solutions, a circular economy, and other measures preserving the environment and biodiversity,” the embassy said. — Bernadette E. Tamayo