BPI powers 100 branches with clean energy, setting the pace for low-carbon banking in the Philippines

The Bank of the Philippine Islands (BPI) has reached a major sustainability milestone, with 100 of its branches now powered entirely by clean energy. This includes the recent transition of 30 additional branches under the Retail Aggregation Program (RAP), reinforcing the Bank’s commitment to meaningfully reduce its carbon footprint while embedding sustainability into its core operations.

The Bank of the Philippine Islands (BPI) has reached a major sustainability milestone, with 100 of its branches now powered entirely by clean energy. This includes the recent transition of 30 additional branches under the Retail Aggregation Program (RAP), reinforcing the Bank’s commitment to meaningfully reduce its carbon footprint while embedding sustainability into its core operations.

Spearheaded by the Department of Energy, the RAP enables multiple electricity end-users to combine their power requirements to reach the 100-kilowatt threshold needed to directly negotiate energy supply contracts with licensed retail electricity suppliers. The program fosters competitive pricing and gives businesses the flexibility to choose renewable energy sources.

This development positions BPI at the forefront of climate-conscious banking in the Philippines, demonstrating that sustainability is not just a commitment but a practice operationalized at scale.

“Transitioning the operations of 100 BPI branches to use fully renewable energy is a clear demonstration of how we put our sustainability commitments into action,” said Eric Luchangco, Chief Finance Officer and Chief Sustainability Officer at BPI. “We believe that leadership in banking today includes taking decisive action toward a low-carbon future, not only by financing the transition for others, but by transforming our own footprint. This milestone reflects our long-term view that sustainable business practices are essential to resilience, relevance, and responsible growth.”

Beyond its branch network, BPI has also converted four of its corporate offices to operate on 100% renewable energy, further reducing emissions across its enterprise. The Bank continues to raise the bar in sustainable infrastructure, with five newly certified IFC EDGE (Excellence in Design for Greater Efficiencies) branches, bringing its total to 51. These certified branches achieve at least 20% savings in energy, water, and embodied carbon in materials, demonstrating measurable environmental impact through design and operations.

BPI’s leadership on sustainability spans not just its enterprise operations but a robust financing portfolio. Under its Sustainable Development Finance Program, the Bank has funded a cumulative 532 projects totaling Php 376 billion, supporting corporates and SMEs in renewable energy, energy efficiency, and other climate-aligned initiatives.

At the retail level, BPI is expanding access to clean energy solutions through innovative products such as the Solar Mortgage and Flexipay for Solar, which enables customers to purchase solar panel systems at 0% interest on installment for up to 24 months at partner merchants. This program allows for affordable, zero-upfront-cost solar installations, with the option to pay later and access up to 100% Bonus Madness, a temporary increase in credit limit for higher purchasing capacity.

BPI also supports the transition to cleaner mobility by offering financing options for electric and hybrid vehicles.

As part of its broader decarbonization strategy, BPI remains on track to fully exit coal power generation financing by 2032, underscoring its commitment to align with global climate goals and support the country’s energy transition.

BPI continues to set the pace for sustainable banking, proving that financial institutions can be powerful catalysts for climate action today, and delivering long-term value for stakeholders.

Visit the BPI's Sustainability page to know more of the bank's sustainability initiatives.