Pioneering Sustainability Initiatives

BPI has reaped multiple achievements in the field of sustainability over the years, as further augmented by the implementation of the Bank’s Sustainability Agenda.

Comprising of industry-first products and services, as well as innovations on the environmental sustainability of the Bank’s operations, we list below BPI’s key sustainability achievements: 

Pioneering InitiativeDescription
Coal Phase-Out PolicyFirst time-bound commitment in the Philippines to zero out coal power generation exposure. 
EDGE Certification of BPI Branches

First Philippine bank branch to earn an IFC-EDGE Green Building certification. 

 

2022 EDGE-Certified Green Bank Branches

  • Iloilo Solis 
  • Loyola Katipunan
  • Guiguinto 
  • San Fernando Highway Main
  • North Greenhills 

 

2023 EDGE-Certified Green Bank Branches

  • Forbes Park 
  • Agoo La Union
  • Bicutan 
  • Iloilo Jaro McArthur
  • Cubao P. Tuazon
  • Ayala Columns

 

2024 EDGE-Certified Green Bank Branches

  • Dela Rosa Paseo
  • Iligan
  • Las Piñas
  • Grace Park 11th Avenue
  • Commonwealth
  • UN Avenue
  • Pasay Buendia
  • Davao Damosa
  • Salcedo Village
  • Clarkfield Balibago
  • Cebu Capitol

 

2025 EDGE-Certified Green Bank Branches

  • Greenhills Shopping Center
Energy Transition Finance Facility (ETFF) First financing project in the world to repurpose coal-fired power plants to renewable energy facilities.
Environmental Risk Assessment (ERA)First in the Philippine banking industry wherein bank, employee, and client assets and/or collaterals are mapped vis-à-vis natural hazards such as earthquakes, typhoons, flooding, and volcanic eruptions.
Green and Social Bond Public Offerings

First negative yielding bond in Southeast Asia (4X oversubscribed).

 

First COVID Action Response Bonds by a Philippine bank (7X oversubscribed).

Mandatory 10% Sustainability KRAs and Sustainability TrainingFirst Philippine bank to mandate a 10% minimum KRA allocation to sustainability and a sustainability training course for all employees.

Renewable Energy (RE) at BPI Bank Branches

First Philippine bank to adopt the Retail Aggregation Program (RAP), transitioning 70 of BPI’s branches to renewable energy, in partnership with ACEN Renewable Energy Solutions (ACEN RES).

Renewable Energy (RE) at BPI Corporate Offices

First Philippine bank to transition three out of its four bank-owned high-rise buildings (BPI Buendia Center, BPI Intramuros, BPI Consumer Center) to use 100% RE, and conversion of another high-rise building (BPI Binondo) to 100% RE through Green Energy Option Program (GEOP).

Sustainable Development Finance (SDF) ProgramFirst financing program in the Philippines for renewable energy, energy efficiency, climate resilience, sustainable agriculture, pollution control, and sustainable water (formerly known as the Sustainable Energy Finance Program).

United Nations Global Compact (UNGC) Membership

The only bank participant and leading financial institution in the UN Global Compact Network Philippines, the world’s largest sustainability initiative.

ESG Ratings

BPI has been a member of the FTSE4Good Index Series, a series of benchmark and tradable indexes for ESG investors, since 2020 until their latest assessment in June 2024¹.

BPI is also the ONLY Philippine bank to participate in the 2021 CDP Pilot Questionnaire on Climate and Forests, and one of the first banks in the region to disclose on our forest impacts. Through the awareness provided by this pilot engagement, BPI was able to enhance its existing climate- and forest-related strategies and policies, including criteria for sensitive sectors. BPI continued to participate in the 2022 CDP Climate Change Questionnaire and garnered a score of ‘C’, the HIGHEST among Philippine banks.

 

BPI’s continues to garner higher ESG ratings vs its peers across various rating agencies, albeit the Bank is not at liberty to disclose its comparative rankings.

 

 

Sustainability accolades
¹FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Bank of the Philippine Islands has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
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