As part of its mission to build a better Philippines, the Bank of the Philippine Islands (BPI) continues to guide customers towards responsible and sustainable investing. Through the bank’s Sustainable Development Finance (SDF) program, BPI recently organized the first episode of its Business Talks series.
The webinar featured discussions by industry experts on RA 11285 or the Energy Efficiency and Conservation Act of 2019 which requires designated establishments to subject themselves to periodical energy audit and to submit annual energy consumption reports. Attending companies were taught how they can deploy energy efficiency initiatives to facilitate lower operating and maintenance costs.
During the discussion, Patrick T. Aquino, director of the DOE’s Energy Utilization Management Bureau emphasized that “the objective is to have a measurable reduction of energy intensity and consumption per year.”
“Energy efficiency projects lead to the reduction of greenhouse gas emissions by increasing the efficiency in the generation, transmission, and distribution of electricity. Our intervention would mean that the next generation will continue to have a sufficient and reliable supply of energy,” he added.
BPI’s Sustainable Development Finance (SDF) program has been used as a platform to scale up investments in energy efficiency, renewable energy, and green buildings that help companies build business resilience and adapt to the impacts of climate change.
“Along with our continuing efforts to offer the best financial solutions to our customers is our commitment to ensure that BPI and its customers are contributing to a sustainable future for all of us,” said Junie Veloso, BPI Corporate Credit Products Group Head.
The bank offers free technical consultation services which include the evaluation of project feasibility studies, technical training, and validation of energy savings and production projections before financing. These services ensure that the projects to be taken on by BPI’s business clients are technically feasible and financially viable.