BPI Sustainability Agenda
BPI has long embedded sustainability into the way it conducts business—a commitment that began in the 1980s and continues to guide the Bank today. This sustainability orientation emanates from the top and is firmly integrated into BPI’s business strategy, decision-making, and operations.
In recognition of his leadership in advancing sustainability, BPI Chairman Jaime Augusto Zobel de Ayala was named one of the world’s 10 Corporate Champions of the United Nations Sustainable Development Goals (SDGs) in 2017. Central to BPI’s approach is its distinctive sustainability framework, ESG + E2, which underscores the importance of generating tangible economic (E2) value for stakeholders alongside environmental, social, and governance (ESG) outcomes—ensuring that sustainability initiatives create lasting impact.
Supporting this approach is BPI’s Board-approved Sustainability Agenda, which provides strategic direction for integrating sustainability principles across the Bank’s strategy, operations, and risk management framework. The Sustainability Agenda also enables the Bank to align with and comply with applicable local sustainability regulations, while reinforcing BPI’s long-term commitment to responsible and sustainable growth.
Regulation | Subject |
|---|---|
BSP c. 1085 (2020) | Sustainable Finance Framework |
BSP c. 1128 (2021) | Environmental and Social Risk Management Framework |
BSP c. 1149 (2022) | Guidelines on the Integration of Sustainability Principles in Investment Activities of Banks |
BSP c. 1185 (2024) / BSP c. 1227 (2026) | Additional SBL for Financing Eligible Projects and 0% RRR Against Sustainable Bonds |
BSP c. 1187 (2024) | Philippine Sustainable Finance Taxonomy Guidelines |
BSP c. 1221 (2025) | Amendments to the Regulatory Relief Policy |
SEC MC 4 (2019) / SEC MC 16 (2025) | Sustainability Reporting Guidelines for Publicly-Listed Companies |
ESG Policy Statement
We are committed to Responsible Banking, integrating Environmental, Social, and Governance (ESG) principles into how we conduct our business – how we manage resources, how we craft the products and services we offer, how we serve our customers, and how we add value to our various stakeholders
As a bank responsible for a meaningful share of the country’s loans and deposits, how we allocate resources will have a significant impact on how we grow as a nation. Our governance is focused on the allocation of resources in a manner that promotes financial inclusion, preservation of the environment, sustainability, and social good.
Sustainability Strategy
Our sustainability objectives are anchored on two strategic business pillars: Responsible Banking and Responsible Operations. Together, these pillars support BPI’s vision of building a better Philippines—one family and one community at a time.
Under Responsible Banking, BPI is committed to consistently offering financial products and services that integrate environmental, social, and governance (ESG) considerations into business decisions. Through this approach, the Bank supports sustainable economic growth while delivering long-term value to clients and society.
Under Responsible Operations, BPI focuses on the responsible and efficient management of environmental and social capital in its day-to-day operations.
These two strategic pillars are supported by Corporate Governance, Compliance, and Risk Management, which provide the necessary checks and balances to ensure effective implementation of the Bank’s Sustainability Strategy and adherence to local, national, and global standards and regulations.
Sustainability Governance Structure
BPI’s Sustainability Agenda is ultimately governed by the Board of Directors through the Executive Committee (ExCom), the Corporate Governance and Sustainability Committee (CGSCom), and the Risk Management Committee (RMCom). The ExCom and CGSCom oversees the overall integration of sustainability principles in the strategic direction of the Bank while the RMCom is responsible for ensuring that Environmental and Social (E&S) risk management is incorporated in the Bank’s risk management systems.
Reporting to the ExCom, the senior management level Sustainability Council (SC) oversees the implementation of the Bank’s Sustainability Agenda. Meanwhile, a senior management level Sustainable Funding Committee (SFC) was established to oversee the use and management of proceeds from the Bank’s ESG-themed bond issuances.
The following dedicated teams have been established to support the Bank’s sustainability governance and management framework:
1. Sustainability Office
- Oversees the overall implementation, coordination, and monitoring of the Board-approved BPI Sustainability Agenda across all segments and groups of the Bank
- Serves as the Secretariat of the Sustainability Council and the Sustainable Funding Committee
2. Environmental and Social Risk Management (ESRM) Unit, under the Risk Management Office
BPI has a robust Enterprise Risk Management (ERM) framework that governs how the Bank identifies, manages, and responds to risks while creating and maximizing value for its stakeholders. In line with Bangko Sentral ng Pilipinas (BSP) Circulars No. 1085 and No. 1128, BPI established a general policy on Environmental and Social Risk Management System (ESRMS) under the ERM framework. This policy was approved by the Risk Management Committee in December 2021 and by the Executive Committee in January 2022.
The ESRMS general policy serves the following key purposes:
- Integrates environmental and social (E&S) risk management into the Bank’s risk governance structure
- Promotes the development and/or enhancement of policies, processes, methodologies, and tools that embed E&S risk management into core business activities and decision-making
- Supports the Bank’s two sustainability pillars of Responsible Banking and Responsible Operations
Sustainability Summit
BPI conducts an annual Sustainability Summit—an institution‑wide celebration of the Bank’s sustainability achievements from the previous year—which also serves as the formal kick‑off and platform for announcing new targets, priorities, and commitments for the year ahead. Attended by employees across the organization, the Summit features pledges from senior management on the integration of ESG into their respective business segments through clear Goals, Action Plans, and Metrics for Sustainability (GAMS), alongside messages from Ayala Corporation and BPI leadership, including the Chairman, President and CEO, and Chief Sustainability Officer.
To recognize and reinforce employee contributions, BPI integrates a mandatory minimum 10% sustainability component into the performance ratings of all employees—across executives, officers, and staff—and further celebrates exemplary impact through the annual Sustainability Innovations Awards, which honor outstanding Environmental, Social, and Governance (ESG) initiatives across the Bank.
Sustainability at the heart of BPI
" I am delighted that BPI has taken sustainability to heart. It is part of our mindset, our strategies, and daily activities, and embedded in our DNA. I am confident that, with the talent, energy, and passion that I see from our Unibankers every day, whether at the head office or at our branches, no challenge is insurmountable."
- Jaime Augusto Zobel de Ayala
Chairman of Ayala Corporation and Bank of the Philippine Islands
Commitment to responsible banking
“Sustainability has always been a high priority at BPI. We are committed to responsible banking, and we will continue to champion sustainability towards a better Philippines. BPI’s unique sustainability formula ESG+E2 refers to Environmental (E), Social (S), and Governance (G) initiatives resulting in Economic (E2) gains.”
- Jose Teodoro K. Limcaoco
BPI President and Chief Executive Officer
Critical business imperative
“At BPI, sustainability is a strategic priority. We integrate global ESG principles and standards in our products, services, and operations. Through phygital channels, we reach underserved and underbanked Filipinos while lowering our carbon footprint and enhancing risk resilience.
We are committed to delivering positive environmental and financial impact as we help build a better Philippines, one family, one community at a time."
– Eric Roberto M. Luchangco
Executive Vice President, BPI Chief Sustainability Officer, and Chief Finance Officer
Driving Organizational Commitment to Sustainability
The BPI Sustainability Agenda has been cascaded bank-wide across all business segments and groups. Each business unit is guided in identifying its respective short-, medium-, and long-term Goals, Action Plans, and Metrics for Sustainability (GAMS) to ensure alignment with the Bank’s sustainability priorities.
All employees —including executives, officers, and staff—are mandated to allocate at least 10% of their annual performance targets to sustainability-related objectives. This performance-based integration directly links measurable sustainability outcomes to employee remuneration.
In 2026, BPI’s segment and group heads strengthened their sustainability commitments, further integrating environmental, social, and governance (ESG) considerations into their respective businesses and advancing the Bank’s collective commitment to sustainable growth.
| Responsible Banking | |
|---|---|
| Group / Segment | Sustainability Commitment |
Institutional Banking | We bank the most influential local and foreign institutions in the Philippines. "Likas-kayang pagunlad and pananatili" (Sustainable development) is core to our business practices. We commit to (1) actively championing, enabling, and accelerating our clients’ sustainable practices, transition and decarbonization journeys; (2) embedding ESG principles into our business and credit decisions across all relevant products and services; and (3) delivering and expanding technical assistance and capacity-building programs that support Green, Blue, and Social projects. |
Business Banking | We recognize the valuable role of SMEs in driving local employment, uplifting communities and nation-building. We commit to continue expanding access to financing in ways that are madali, magaan, mabilis through customer-first solutions that combine the human touch with high-tech innovation. By leveraging intelligent, data-driven lending, digital platforms, strategic partnerships, and capacity-building initiatives, we empower Filipino SMEs to grow resilient businesses and contribute to a more inclusive and sustainable economy. |
Consumer Banking | The Client First Phygital Transformation Journey of the Consumer Bank over the past five years has been more than a story of Customer Obsession and Digitalization—it is a testament to our commitment to Sustainability. Our achievements—doubling our customer base, transforming branches into phygital and Edge-certified spaces, launching our virtual store, enrolling nearly 10 million clients on digital channels, and delivering sustainable product solutions—mark only the beginning of our next chapter: Empowering Filipino Families through human-centered, tech-enabled banking. As we harness advancements in data analytics, AI, and cultivate a future-ready workforce, we strive not only for financial inclusion but for genuine financial progress. We believe that progress is built on hope and confidence—values that inspire our customers to envision and pursue a brighter future. Our aspiration is to bank the unbanked and underserved Filipinos, reaching a broader-based market such as public school teachers, overseas home service workers, self-employed micro-entrepreneurs, and the youth with a Family-First approach. By fostering hope and empowering confidence, our goal of serving 50 million Filipinos is no longer distant, but within reach—as their most trusted life partner. |
Agency Banking | Today, Agency Banking overlays BPI digital solutions to your favorite local shops, enabling them to perform basic banking transactions. Thus, eliminating the extra trip and making banking accessible to all. This stands as our ultimate commitment to sustainability. |
Global Markets | In Global Markets, sustainability is deeply embedded in how we operate. As we expand our portfolio of sustainability-linked loans and bonds, we are strengthening our capabilities in sustainable finance, aligning with evolving regulations, global frameworks, and best practices in managing a balance sheet that supports our sustainability goals. We continue to raise ESG-focused funding to encourage and support our partners in channeling resources into eligible sustainable investments. Ultimately, we remain committed to delivering Treasury services that drive positive environmental and social impact across priority sectors, including MSMEs, social services, and clean energy. |
Wealth Management | Driven by Wealth Inside—our commitment to embedding wealth in every client interaction—BPI empowers Filipinos to achieve financial well-being while advancing sustainability. We place purposeful investing at the core of wealth management, aligning portfolios with global development goals and expanding inclusive access through advanced digital solutions. Through innovative advisory and technology-enabled experiences, we position clients to grow wealth responsibly, support sustainable economic progress, and become future-ready financial stewards. |
| Responsible Operations | |
|---|---|
| Group / Segment | Sustainability Commitment |
Enterprise Operations | In Enterprise Operations, sustainability is the foundation of our long-term strategy and permeates all that we do. We continually strengthen this commitment by fostering awareness within our network, promoting community engagement, and driving positive change across all touchpoints. Through innovation, digitalization, and intelligent automation, we are reengineering processes to be more efficient, customer-centric, and environmentally responsible. Guided by the principles of responsible operations, we ensure that every step we take moves towards an ever more efficient use of resources, because sustainability isn't just what we do it's a passion we truly believe in. |
Enterprise Technology | For Enterprise Technology, leading BPI’s digital transformation is at the core of what we do. We believe future success is driven by technology, which is why BPI continues to invest in cutting-edge solutions. We also recognize AI as vital to sustainability and digitalization, simplifying processes, and enabling data-driven insights. We will integrate the most suitable technologies to deliver safe, sustainable, and accessible banking solutions for all Filipinos across the country. |
Human Resources Group | HR envisions a House of BPI where employees are healthy, well and highly engaged, with ready new generation leadership, with highly capable and high performing workforce that is progressively digital to the core. Overlaying these goals is building a strong culture anchored on our NICE values and CHANGE competencies. In pursuit of this vision, HR commits to provide programs aligned to this aspiration and create a working environment where employees can do more and be more. |
Customer and Marketing Group | We, at the Customer and Marketing Group, are committed to advancing Sustainable Progress for All by helping more Filipinos understand and benefit from the Bank’s sustainability initiatives. Through our campaigns, platforms, and engagement efforts, we will continue to amplify programs that promote financial inclusion, expand opportunities for underserved sectors, and create meaningful impact in the communities we serve. Today, awareness of BPI’s sustainability efforts has grown to over 50% among Filipinos. Building on this momentum, we will continue to make sustainability more relevant and accessible, inspiring more Filipinos to Do More and contribute to a more inclusive and sustainable future. |
Chief Credit | We commit to continue to maintain and promote adherence to Sustainability Goals as an integral component in our appreciation and evaluation of credit underwriting proposals. |
Risk Management Office | We, at the Chief Risk Segment, are dedicated to continuously enhance the integration of Environmental, Social, and Governance (ESG) principles into our enterprise risk management, compliance, and internal control frameworks to ensure the effectiveness of our governance systems and processes. Our primary goal is to create value for the entire BPI organization while proactively managing environmental and social risks across the bank's activities. Through these efforts, we can help foster a sustainable future, ensure the resilience and long-term success of BPI and the communities we serve, and demonstrate our unwavering commitment to responsible governance. |
Strategy & Finance | At BPI, sustainability remains a key strategic priority. We commit to further strengthen our initiatives particularly focusing on Financial Inclusion in order to reach underserved and underbanked Filipinos, while also lowering our carbon footprint and enhancing risk resilience. We reiterate BPI's unique sustainability formula of ESG+E2, highlighting the importance of economic benefits within the framework of ESG in order to achieve true sustainability for these initiatives. Our sustainability strategy now focuses more attention on the Social component of ESG as an area that BPI has particular value add and which is also aligned with BPI's mission of helping build a better Philippines, one family, one community at a time. |
The effectiveness and impact of each business unit’s Goals, Action Plans, and Metrics for Sustainability (GAMS) is assessed using BPI’s unique sustainability formula, ESG + E2, which ensures economic benefits (E2) are generated by environmental, social, and governance (ESG) initiatives.
To drive implementation at the business-unit level, Sustainability Champions have been designated across the Bank. These champions lead the integration of ESG principles and standards into their respective business models, strategies, and operations.
To further ensure that business units are well-equipped to deliver on their GAMS, all employees are required to complete a mandatory sustainability training course spearheaded by the Sustainability Office. The training program covers the following key topics:
1. Fundamental Sustainability Concepts
- Definition of Sustainability
- Environmental, Social, and Governance (ESG)
- People, Planet, Profit (PPP)
- Creating Shared Value (CSV) and Corporate Social Responsibility (CSR)
2. ESG Risks and Challenges, including Climate Risks
- Environmental and Climate Risks (eg. earthquakes, floodings/typhoons, volcanic eruptions)
- Social Risks (eg. poverty incidence)
- Governance (eg. risk and compliance, transparency)
3. Global and Local Standards, including Regulatory Developments
- UN Sustainable Development Goals
- Paris Climate Agreement
- Local Regulatory Developments
4. BPI’s Sustainability Journey, including the BPI Sustainability Agenda and the Ayala Sustainability Blueprint
5. BPI’s Sustainability Programs, Products, and Services
Beyond mandatory training, sustainability continues to be embedded in the Officership Training Program (OTP) and in ongoing engagements with the Bank’s frontliners, clients, and partners. BPI’s key officers also actively participate in both public and private sustainability-related events, sharing insights and experiences on managing environmental and social risks, integrating ESG into business strategy, and advancing sustainable banking practices.
Over 150 Sustainability Champions
engaged across all business units as sustainability advocates and official representatives of their groups helping ensure their goals and targets are achieved.
39 partner organizations
engaged by the Bank’s leaders as resource speakers in various ESG‑related government and industry fora, conferences, and webinars in the Philippines and across the region.
10 bank-wide GAMS
(Goals Action Plans Metrics for Sustainability) with metrics set across all segments and groups supporting the BPI Sustainability Agenda
29 sustainability-related speaking engagements
by BPI’s senior management
Public Commitments on Sustainability
| BPI’s Scope 1 and 2 Decarbonization Roadmap | In support of the Philippines’ Nationally Determined Contributions (NDCs) to the Paris Climate Agreement, as well as the Climate Ambition of the Ayala Group of Companies, BPI has set the following decarbonization targets for its scope 1 and 2 Greenhouse Gas Emissions (GHG) emissions, from the 2021 baseline year:
BPI’s accounting on historical Scope 1 and 2 GHG emissions from 2021 to 2024 and on projected Scope 1 and 2 GHG emissions from 2025 to 2050 adheres to the GHG Protocol and ISO 14064-1. DNV AS Philippines has performed a limited assurance on BPI’s historical and projected Scope 1 and 2 GHG emissions using ISO 14064-3 as the verification approach and standard. |
| Coal Phase-Out Policy |
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| Financial Inclusion Commitment | From BPI’s 2023 commitment to promote greater financial inclusion by expanding financial services to five million:
Using a more refined definition of unbanked and underbanked Filipinos, BPI has served 10 million as of 2025. Building on this achievement, BPI has updated its commitment:
BPI’s Financial Inclusion Commitment BPI has committed to advancing economic growth by enhancing the affordability and accessibility of its financial solutions, with the goal of expanding its reach from 10 million underbanked and underserved Filipinos at year end 2025 to 20 million by 2030. |
