BPI’s Scope 1 and 2 Decarbonization Roadmap

In support of the Philippines’ Nationally Determined Contributions (NDCs) to the Paris Climate Agreement, as well as the Climate Ambition of the Ayala Group of Companies, Bank of the Philippine Islands (BPI) has set the following decarbonization targets for its scope 1 and 2 Greenhouse Gas Emissions (GHG) emissions, from the 2021 baseline year:

• 50% scope 1 and 2 GHG emissions reduction by 2030
• 70% scope 1 and 2 GHG emissions reduction by 2050

BPI’s accounting on 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.