Sustainability reporting is a means to present the Bank’s environmental, social, and governance performance, along with its corresponding economic benefits. BPI’s sustainability reports are intended to highlight transparency and accountability to various stakeholders, including employees, clients, investors, and the general public.
The Bank published its first Sustainability Report aligned with GRI standards in the year 2008, 11 years ahead of the release of SEC Memo. No. 4 (2019) formally mandating Sustainability reporting among publicly-listed companies in the Philippines.
BPI started publishing a stand-alone annual Sustainability Report.
Adoption of the International Integrated Reporting Council’s (IIRC) Integrated Reporting <IR> Framework
BPI began reporting its contributions to the UN Sustainable Development Goals (UN SDGs).
Alignment with the standards of the Sustainability Accounting Standards Board (SASB) for commercial banks
BPI signed up as a supporter of the Task Force on Climate-Related Disclosures (TCFD).
|2022||BPI published its first TCFD report, as part of the annual Integrated Report.|
Support for the Task Force on Climate-Related Financial Disclosures (TCFD)
Last May 2021, BPI signed up as a supporter of the Task Force on Climate-Related Financial Disclosures (TCFD) alongside 12 other signatories in the Philippines (of which 7 are from the Ayala Group of Companies). As of December 2022, there are a total of 4,148 TCFD signatories globally with 21 from the Philippines.
TCFD signatories voluntarily disclose their governance process and direction, given actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, operations, and strategies.
BPI’s 2022 TCFD report can be found in the 2022 Integrated Report.