As part of the Bank’s strengthened commitment to sustainability, BPI has established a Board-approved Exclusion List which guides its financing activities.

Guided by the principles and standards espoused by the International Finance Corporation of the World Bank Group, BPI further enhanced its exclusion list by covering current Philippine and industry-specific laws affecting the negatively-tagged sectors. 

  • Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements

  • Production or trade in weapons, munitions, and landmines, including weapons of mass destruction such as nuclear weaponry 

  • Nuclear materials, processes, and devices deemed illegal

  • Gambling, casinos, and equivalent enterprises 

  • Any business related to pornography and/or prostitution

  • Production or activities involving harmful or exploitative forms of harmful child labor, as deemed illegal under the Special Protection of Children Against Abuse, Exploitation, and Discrimination Act (RA 7610, as amended by RA 9231) 

  • Production or activities involving harmful or exploitative forms of forced labor (including human trafficking), as covered by the Labor Code of the Philippines and the Anti-Trafficking in Persons Act of 2003 (RA 9208, as amended by RA 10364)

  • Production or trade in radioactive materials1 

  • Production or trade in or use of unbonded asbestos fibers, as deemed illegal under the Chemical Control Order for Asbestos (DENR Administrative Order No. 2000-02)

  • Production or trade in illegal pharmaceuticals subject to international phase outs or bans 

  • Production or trade in illegal pesticides / herbicides subject to international phase outs or bans

  • Production or trade in ozone depleting substances subject to international phase out, and as deemed illegal under the Revised Regulations on the Chemical Control Order for Ozone Depleting Substances (ODS) (DENR Administrative Order No. 2013-25) 

  • Production or trade in products containing Polychlorinated Biphenyls (PCBs), as deemed illegal under the Chemical Control Order for Polychlorinated Biphenyls (DENR Administrative Order No. 2004-01)

  • Greenfield coal power generation2 

  • Diesel-fired power generation plants for applications where diesel is the primary source of energy3

  • Mining, processing, and refining of oil sands or tar sands 

  • Trade in wildlife or wildlife products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), as deemed illegal under the Wildlife Resources Conservation and Protection Act (RA 9147)

  • Drift net fishing in the marine environment deemed illegal under the Philippine Fisheries Code of 1998 (RA 8550, as amended by RA 10654), as augmented by Fisheries Administrative Order No. 155 and the Fisheries Administrative Order Series of 2022 

  • Purchase of logging equipment for use in protected areas4

  • Commercial logging operations in protected areas4 

  • Production or trade in wood or other forestry products from protected areas4


1This does not apply to the purchase of medical equipment, quality control (measurement) equipment and any equipment where the radioactive source is insignificant and/or adequately shielded.
2No additional funding of greenfield coal-fired power generation plants, as part of BPI’s existing Coal Phase Out Policy
3No additional funding of diesel-fired power generation plants
4This refers to protected areas, as cited under the Expanded National Integrated Protected Areas System (E-NIPAS)
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