BPI takes the lead as the only bank in UN Global Compact Network Philippines

Press Release

Mar 19, 2025

The Bank of the Philippine Islands (BPI), a trailblazer in sustainable banking, has proudly become the only bank participant and leading financial institution in the United Nations Global Compact Network Philippines (UN GCNP), the world’s largest corporate sustainability initiative. This milestone highlights BPI’s commitment to universal sustainability principles and the United Nations’ Sustainable Development Goals (SDGs).

In photo (L-R): 1st from the left – Jette Gamboa (UN GCNP Representative); 3rd from the left – Jo Ann Eala (Head of BPI Sustainability Office) and Vicki Tan (UN GCNP Chairperson); 1st from the right – Ben Secretario and Edward Gacusana (UN GCNP Representative) joined by other UN GCNP Members and BPI representatives.

As a member of the UN GCNP, BPI will further strengthen its commitment to uphold the Ten Principles of the UN Global Compact, covering critical areas such as human rights, labor, environmental sustainability, and anti-corruption. These principles have been deeply integrated into BPI’s business strategy, corporate culture, and operations. BPI will also further expand collaboration on projects and initiatives that support and promote the UN SDGs, further reinforcing its role as a responsible corporate citizen.

“At BPI, we are driven by our belief that sustainable practices must be embedded in every facet of our society,” said Eric Luchangco, BPI’s Chief Sustainability Officer.

“Joining the UN Global Compact Network Philippines not only strengthens our commitment to global sustainability standards but also amplifies our ability to help Filipinos embrace more sustainable practices. We understand that sustainability is not just about what we do as a company, but how we can inspire and enable individuals and other corporations to make choices that benefit both the business and the community they belong to. Together with our partners, we aim to create a ripple effect of positive change that extends across communities and generations,” Luchangco added.

He said BPI’s sustainability initiatives are also designed to address not only the environmental and economic challenges facing the country but also to empower Filipinos to actively contribute to a more sustainable future.

“The bank remains committed to supporting these transformative efforts while upholding policies that ensure a positive labor environment, protect human rights, and combat corruption at all levels,” said Luchangco.

This collaboration with the UN GCNP marks a significant step forward in BPI’s ongoing efforts to embed corporate sustainability into the bank’s strategy, culture, and operations, while contributing to a sustainable future for the Philippines—one family, one community at a time.

For more information, visit BPI’s sustainability initiatives page.