BPI Sustainability Agenda

BPI has embraced sustainability in the conduct of its business – a commitment that started in the 1980s and continues to the present. This sustainability orientation emanates from top management and has been part of the Bank’s business strategy and operations. As a result of his contributions in pioneering sustainability initiatives, BPI Chairman Jaime Augusto Zobel de Ayala was named as one of the 10 Corporate Champions of the UN Sustainable Development Goals (SDGs) in the world in 2017. BPI’s unique sustainability formula– ESG+E₂–emphasizes the need for ESG initiatives to result in Economic (E₂) gains to stakeholders in order to be truly sustainable.

BPI has a Board-approved Sustainability Agenda which guides the Bank in the integration of sustainability principles into its strategic objectives and corporate governance and risk management frameworks. Our Sustainability Agenda is guided by the provisions of BSP Circular 1085: Sustainable Finance Framework and BSP Circular 1128: Environmental and Social Risk Management Framework.

ESG Policy Statement

We are committed to Responsible Banking. This means incorporating Environment, Social, and Governance (ESG) principles into how we conduct our business – how we resource, 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 embodied in our Sustainability Strategy Framework with the pillars of Responsible Banking and Responsible Operations. BPI’s Sustainability Strategy supports our vision of building a better Philippines, one family, one community at a time, and focuses on key ESG areas where the Bank can have the most impact.

As part of Responsible Banking, we aim to consistently offer financial products and services that integrate ESG criteria in business decisions while supporting economic growth, thereby providing lasting benefits for both clients and society while reducing pressures on the environment and addressing social needs.

As part of Responsible Operations, we aim to responsibly manage environmental and social capital used in the performance of day-to-day operations.

Supporting these two pillars are Corporate Governance and Risk Management, which serve as checks and balances on the implementation of BPI’s Sustainability Strategy, as well as compliance with local, national, and global standards and regulations.

Sustainability Governance

The Board of Directors, through the Executive Committee, has overall responsibility for sustainability-related issues, policies, and targets, including the integration of sustainability principles and environmental and social (E&S) risk management in the strategic direction of the Bank.

The Sustainability Council, chaired by the Chief Sustainability Officer, is the senior management-level group in charge of implementing the Sustainability Agenda and reports to the Executive Committee. The Sustainability Office, which supports the Sustainability Council, functions under the Bank’s Strategy and Finance Group to ensure the successful implementation of the Sustainability Agenda across the organization.

The Board, through the Risk Management Committee, has the overall responsibility of ensuring that E&S risks are considered and managed within the Bank’s Enterprise Risk Management (ERM) Framework. The Bank established a dedicated department to champion the implementation of our E&S Risk Management System and align these efforts with the Bank’s Sustainability Agenda and Sustainability Strategy.

Environmental and Social Risk Management System (ESRMS)

BPI has a sound Enterprise Risk Management (ERM) framework that governs how we manage risks as we create and maximize value for our stakeholders. Under the ERM framework and guided by BSP Circulars 1085 and 1128, we recently established the Bank’s general policy on ESRMS which was approved by the Risk Management and Executive Committees in December 2021 and January 2022, respectively.

The new policy integrates E&S risk management in our risk governance structure and seeks to promote the updating and/or establishment of policies, processes, methods, and tools that embed E&S risk management in our main business activities and decision-making processes. It is designed to support the two sustainability pillars of Responsible Banking and Responsible Operations and is critical in achieving our strategic environmental and social objectives and targets.

Engaging the Organization on ESG

In 2021, we completed the bank-wide cascade for the implementation of the Sustainability Agenda, where each business unit was guided in the identification of their respective short-, medium-, and long-term sustainability goals, action plans, and metrics (GAMs).

The effectiveness of these GAMs will be measured using BPI’s unique sustainability formula – ESG+E₂ – where the economic impacts (E₂) of our ESG initiatives are also considered. These will also form part of each business unit’s key result areas (KRAs) and performance appraisal.

Sustainability Champions per business unit were selected to help advocate sustainability within their groups and to ensure that sustainability initiatives are implemented and monitored. Sustainability KRAs were included in senior management’s performance appraisals starting in 2021.

To support the sustainability requirements of business units, the Sustainability Office also conducted sustainability training sessions for all BPI employees. This first module covered important sustainability concepts, BPI’s sustainability journey, and details of the Sustainability Agenda Policy. This training module will be made available on the Bank’s online training platform as it becomes a mandatory course for all employees by 2022.

BPI continues to feature sustainability in the Officership Training Program (OTP) as well as in conversations with the Bank’s frontliners, clients, and partners. Our key officers continue to participate in public and private online sustainability events to share insights and experiences on managing E&S risks, integrating sustainability and ESG into business strategy, and sustainable banking.

Sustainability Achievements

BPI has reaped multiple achievements on the field of sustainability over the years, as further augmented by the implementation of the Bank’s Sustainability Agenda.

Comprising of industry first products and services as well as innovations on operational resource efficiency, we list below BPI’s key sustainability achievements:



Sustainable Development Finance (SDF) Program
First financing program in the Philippines for renewable energy, energy efficiency, climate resilience, and sustainable agriculture (formerly known as the Sustainable Energy Finance Program).
Green and Social Bond Public Offerings

First negative yielding bond in Southeast Asia (4X oversubscribed).

First COVID Action Response Bonds by a Philippine bank (7X oversubscribed).

Coal Policy and Energy Transition Finance Facility (ETFF)

First time-bound commitment in the Philippines to zero out coal power generation exposure.

First financing project in the Philippines to repurpose coal-fired power plants to renewable energy facilities.

Business Banking and BPI BanKo
Serves the unique needs of Small and Medium Enterprises (SMEs) and Self-Employed Micro-Entrepreneurs (SEMEs).
Environmental Risk Assessment (ERA)
First in the Philippine banking industry wherein bank, employee, and client assets and/or collaterals are mapped vis-à-vis natural hazards such as earthquakes, typhoons, flooding, and volcanic eruptions.
Mandatory 10% Sustainability KRAs and Sustainability Training
First Philippine bank to mandate a 10% minimum KRA allocation to sustainability and a sustainability training course for all employees.
EDGE Certification of BPI Branches
First Philippine bank branch to earn an IFC-EDGE Green Building certification. Four BPI branches – Iloilo Solis, Loyola Katipunan, Guiguinto, and San Fernando Highway Main have been granted EDGE certification.

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