Press Release

BPI, PIC renew partnership on promoting sustainable pig farming

The partnership between Bank of the Philippine Islands (BPI) and Pig Improvement Company (PIC), a part of world-leading animal genetics pioneer Genus PlC Group, is now in its third term.

Bringing together two entities that lead in their respectively fields, the partnership aims to further contribute to sustainable pork production and to the UN Sustainable Development Goals (SDGs). Under the program, BPI will provide the required financing to eligible clients wishing to engage in sustainable pig farming, while PIC will be the supplier of genetically improved breeding stocks and will extend technical support as necessary.

The renewed partnership also reinforces the parties' contributions to the UN SDG 2 or Zero Hunger, SDG 7 or Affordable and Clean Energy, SDG 8 or Decent Work and Economic Growth, and SDG 11 or Sustainable Cities and Communities. These SDGs are addressed through PIC’s craftsmanship in genetic pig breeding which is recognized around the world for its work in genetic improvements and its technological innovations that boost pig production while reducing pig mortality and diseases.

Also incorporated in PIC’s pig production design is the production of renewable energy extracted from methane output of swine waste, and its overall sustainable waste management facilities. Pig farms also allow for the gainful employment for many, including those who may not have completed formal education.

For its part, BPI incorporates the conduct of Environment Risk Assessment (ERA) through the Philippine Institute of Volcanology and Seismology (PHIVOLCS) system called Hazard Hunter to assess the vulnerability of the collateral or project site to natural calamities.

Photo shows (from left): BPI Sustainable Development Finance Senior Manager and Deputy Head Anna Liza Eugenio; BPI Senior Manager and Division Head for Agribusiness Angeli Valdivia; BPI Senior Vice President and Head of Corporate Credit Products Group Roland Gerard Veloso, Jr.; BPI President and CEO Jose Teodoro Limcaoco, Genus PIC COO Dr. Bill Christianson, PIC Philippines President and General Manager Vincent Raphael Borromeo; PIC Philippines Commercial Sales and Marketing Manager Rex Jaymalin; PIC Philippines Corporate Key Accounts Manager Dr. Malou Gapuz.

Published on June 16, 2022

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