BPI Sustainable Funding Framework

Sustainability is at the core of BPI’s corporate strategies, ultimately balancing our growth aspirations with our environmental and social responsibilities.

BPI’s Sustainability Mission and Vision commit to responsible banking as we create value for our stakeholders, the environment, and the communities in which we operate.

BPI has developed a Sustainable Funding Framework (“Framework”) under which we intend to generate funds from Green, Blue, Social, and/or Sustainability Bonds/Loans/Deposits/Transactions/Other Funding Instruments.

The Framework fulfills the requirements of the International Capital Markets Association (ICMA) Green Bond Principles 2025, Social Bond Principles 2025, and Sustainability Bond Guidelines 2021, Bonds to Finance the Sustainable Blue Economy by ICMA, IFC, United Nations Global Compact (“UNGC”), United Nations Environment Program Finance Initiative (“UNEP FI”), and ADB, the Loan Markets Association (LMA) Green Loan Principles 2025 and Social Loan Principles 2025, as well as the ASEAN Green Bond Standards 2018, ASEAN Social Bond Standards 2018, and ASEAN Sustainability Bond Standards 2018, by the ASEAN Capital Markets Forum (ACMF).

It comprises the following four components pursuant to the Principles and Standards:

1. Use of Proceeds
2. Process for Project Evaluation and Selection
3. Management of Proceeds
4. Reporting

BPI supports investments in businesses, industries, and projects that contribute to the UN Sustainable Development Goals (“SDGs”). As a member of the UN Global Compact Network Philippines, the Bank is committed to upholding and advancing these principles.

Net proceeds for BPI’s Green, Blue, Social, and Sustainability Bonds/Loans/Deposits/Transactions/Other Funding Instruments will be allocated to Eligible Projects in various categories that meaningfully contribute to SDGs and achieve the purpose of the issuance under the Bank’s Sustainable Funding Framework. The following SDGs are those where we believe that BPI can make a substantial and lasting impact across the markets in which we operate:

A more detailed discussion of BPI’s Sustainable Funding Framework can be read here.

Moody's Second Party Opinion on BPI's Framework

Moody’s, a reputable name in the Sustainable finance space, provided the Second Party Opinion (SPO) on the Bank's Sustainable Funding Framework.

The SPO assesses the extent to which the Framework is expected to contribute to BPI’s long-term commitment to sustainable development. It also ensures that the Framework is in line with industry standards and best practices based on the Use of Proceeds, Project Evaluation/Selection, Management of Proceeds and Reporting.

The Second-Party Opinion document may be read here.

Allocation and Impact Reports

Latest available annual allocation and impact report represents full year 2024 data, which is based on the August 2024 BPI Sustainable Funding Framework.

The 2024 BPI Sustainability Bond Report may be read here.

The 2024 Sustainalytics Second Party Opinion for our Sustainability Bond Report may be read here.