Decarbonization Initiatives

BPI manages the environmental impact of its operations, as well as the impact of environmental factors on the Bank, through carefully designed programs implemented in collaboration with internal and external stakeholders and subject matter experts.

In support of the Philippines’ Nationally Determined Contributions (NDCs) to the Paris Climate Agreement which commits the country to a 75% cumulative reduction avoidance of greenhouse gas (GHG) emissions from a Business- As-Usual (BAU) scenario — BPI is implementing initiatives to reduce the Bank’s GHG emissions.

In April 2025, BPI became the first Philippine bank to qualify under the Retail Aggregation Program (RAP), transitioning 70 branches to renewable energy in partnership with ACEN Renewable Energy Solutions (ACEN RES).

Continuing to advance its green operations, BPI also shifted its Binondo Corporate Office in Manila to renewable energy under the Green Energy Option Program (GEOP)—a government initiative that enables qualified end-users with an average monthly peak demand of at least 100 kW to source electricity exclusively from renewable sources. This transition makes the Binondo office the fourth BPI corporate building powered entirely by clean energy, following the earlier conversion of the BPI Buendia Center (2022), BPI Consumer Center (2023), and BPI Operations Center (2023).

BPI has begun exploring and implementing more efficient branch designs, pursuing green building certifications, and integrating renewable energy solutions across its facilities. 

Following the groundbreaking ceremony held in March 2022, BPI’s new head office building is being developed to align with EDGE (Excellence in Design for Greater Efficiencies), LEED (Leadership in Energy and Environmental Design), and WELL certifications.

As of December 2025, BPI reached a total of 46 EDGE-certified green bank branches, each achieving at least 20% savings in energy, water, and embodied energy in materials. BPI’s journey toward green building certification for its branches commenced in October 2022, when BPI Iloilo Solis became the first bank branch in the Philippines to receive EDGE certification from the International Finance Corporation (IFC), a member of the World Bank Group.

In 2025, BPI achieved a record high of 24 additional EDGE-certified green bank branches, on top of 11 certified in 2024, six in 2023, and five in 2022.

Listed herewith are GHG emissions reduction initiatives from BPI’s operations and value chain, including the Bank’s financed portfolio.

BPI’s accounting of historical Scope 1 and 2 GHG emissions from 2021 to 2024 and on projected Scope 1 and 2 GHG emissions from 2025 to 2050 adheres to the GHG Protocol and ISO 14064-1. DNV AS Philippines has performed a limited assurance on BPI’s historical and projected Scope 1 and 2 GHG emissions using ISO 14064-3 as the verification approach and standard.

For BPI’s full Scope 1 and 2 Decarbonization Roadmap, please visit BPI’s Scope 1 and 2 Decarbonization Roadmap.

BPI continues to assess pathways to implement ambitious but achievable targets to decarbonize Scope 3 GHG emission, particularly the Bank’s financed emissions. To support this effort, the Bank had identified steel, cement, transport, energy, and agriculture as priority sectors for decarbonization, largely consistent with the priority sectors of the Philippines’ NDCs.

Given that BPI has no direct control in the emissions of clients’ projects financed by the Bank, it is evaluating effective engagement approaches with clients to influence decarbonization. Nevertheless, initiatives to reduce Scope 3 GHG emissions have already been implemented in the recent years as enumerated above, including BPI’s commitment to zero out our coal power generation portfolio by 2032.

Energy Consumption

BPI regularly monitors energy consumption across all owned and leased facilities to identify opportunities to reduce usage and mitigate environmental impacts. The Bank’s energy consumption primarily arises from electricity requirements supporting daily branch and office operations.

The Facilities Services Group (FSG) oversees all physical maintenance and construction-related activities that support the Bank’s business operations. In alignment with BPI’s strategy to transition from physical to digital channels, FSG initiatives have shifted away from branch expansion toward reducing operating costs while preserving the quality, safety, and integrity of physical premises.

Water Use Efficiency

BPI regularly monitors the water consumption levels of all owned and leased facilities to identify and implement means by which the Bank can reduce consumption and thereby mitigate our environmental impact.

The Bank has installed a rainwater harvesting system at BPI San Fernando Highway Main, resulting to a projected 45 cubic meters of rainwater collected every month.

Electric Vehicle Charging Stations

To further the adoption of clean transportation in the Philippines, in 2024, BPI became one of the first Philippine companies to install electric vehicle (EV) charging stations in its premises.

As of year-end 2025, ten of BPI's branches already have EV charging stations.

Waste Management

BPI regularly monitors waste produced from the Bank’s operations, despite not having an intensive production line resulting to significant amounts of by-product. Furthermore, the Bank works to minimize waste disposed to landfills via following the reduce, reuse, recycle hierarchy.

In 2025, BPI shifted the material used for its debit cards to recycled PVCs while continuing the practice for the Bank’s credit cards, in line with the Bank’s efforts on encouraging clients to shift to sustainably produced goods.

As a pilot project, BPI also explored the use of a Reverse Vending Machine (RVM) in our premises, rewarding employees with VYBE points in exchange for PET bottles and aluminum cans.

The Bank has also started exploring engaging a third-party service provider organization to augment waste diverted from landfills.