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

DNV AS Philippines has performed a limited assurance of BPI’s Scope 1 and 2 Decarbonization Roadmap, using GHG Protocol and ISO 14064-1 as the reporting criteria and using ISO 14064-3 as the verification approach and standard.