- Environmental, Social, and Governance Reporting
Environmental, Social, and Governance Reporting
We understand that Environmental, Social, and Governance (ESG) issues are tied directly to a company’s operations, products, or indirectly through stakeholder actions across the entire value chain, and can impact the company's financial performance. Volatility in the global business environment due to ESG shocks - financial risks, regulatory uncertainty, extreme weather, business interruption costs, and social media, among others - demands that companies build new capabilities such as preparedness for the unknown, and the ability to execute a business strategy without incurring too much risk. Left unmanaged, such ESG shocks can result in critical harm to any company’s management, culture, and financial well-being.
At BPI, we believe that the proper management of ESG issues is a key component of strategy, essential to the execution of our core business processes and to being able to deliver returns with greater certainty. By identifying and assessing ESG issues in terms of their materiality to our business, and responding accordingly, i.e., strategic rethinking of the business, new product innovation, business model changes, etc., we are able to build a better, more resilient, and more valuable bank. And by adapting to changes in the business environment, and not merely to operational or financial risks, we also demonstrate recognition and management of ESG issues as a long-term driver of market value.
