Sustainability reporting

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.

Year	Milestones
2008	BPI started publishing a stand-alone annual Sustainability Report. Alignment of BPI’s Sustainability Report with the Global Reporting Initiative Sustainability Reporting Standards (GRI Standards)
2017	Adoption of the International Integrated Reporting Council’s (IIRC) Integrated Reporting <IR> Framework Shift to an annual Integrated Report format which incorporated its 2017 Sustainability Report into a comprehensive annual report for the Bank
2018	BPI began reporting its contributions to the UN Sustainable Development Goals (UN SDGs).
2020	Alignment with the standards of the Sustainability Accounting Standards Board (SASB) for commercial banks BPI started engaging DNV to provide external assurance for the sustainability portion of its Integrated Report.
2021	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.

Read BPI’s 2022 and previous years’ Integrated Reports.

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.

2022 Sustainability Highlights