BPI Sustainability Agenda

The Bank of the Philippine Islands (BPI or the Bank), the first bank in Southeast Asia, has embraced sustainability in the conduct of its business—a commitment which started in the 1980s and continues to the present.

The Bank formalized its Sustainability program in 2008 through a partnership with the International Finance Corporation (IFC) of the World Bank Group. BPI continues to lead the banking industry while introducing sustainability innovations and best practices. BPI supports the UN Sustainable Development Goals (UN SDGs) and the Task Force on Climate-Related Finance Disclosures (TCFD).

This strong culture of commitment to the Environment, Sustainability, Governance, and Economic (ESG+E2) standards in the way we do business has established BPI as a pioneering leader in sustainability in the Philippine banking industry.

Integrating Sustainability into BPI’s Business Strategy

In 2020, the Bank established the Board-approved BPI Sustainability Agenda which will guide the Bank on the integration of sustainability principles in the corporate governance and risk management frameworks, as well as in the strategic objectives and operations. BPI recognizes the importance of integrating sustainability principles into the Bank’s overall strategy in order to create long-term value for stakeholders and to positively contribute to an equitable society and healthy environment. The BPI Sustainability Agenda is guided by the provisions of BSP Circular No. 1085 on Sustainable Finance Framework.

BPI Sustainability Agenda

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, the preservation of the environment, sustainability, and social good.

BPI Sustainability Strategy

The sustainability objectives of the Bank are embodied in the updated Sustainability Strategy Framework (Strategy) with the pillars of Responsible Banking and Responsible Operations. The Bank believes that Responsible Banking is the key to creating long-term value for all stakeholders. The Strategy supports BPI’s vision of Building a Better Philippines, and focuses on key ESG areas where the Bank can have the most impact.

Responsible Banking refers to financial products and services that integrate ESG criteria in business decisions, support economic growth that provides lasting benefits for both clients and society while reducing pressures on the environment and addressing social needs.

Responsible Operations is the management of environmental and social capital used in the performance of day-to-day operations.

Corporate Governance and the Environmental and Social Risk Management System (ESRMS) are critical enablers that allow the Bank to implement its sustainability strategy pillars of Responsible Banking and Responsible Operations.

The Board of Directors, through the Executive Committee, has overall responsibility for sustainability-related issues, policies, targets, including the integration of sustainability principles, environmental and social risks (such as climate change and human rights) in the strategic direction of the Bank.

The Sustainability Council, chaired by the Chief Sustainability Officer, is the senior management-level committee in charge of implementing the Sustainability Agenda of the Bank and reports to the Executive Committee.

The Risk Management Committee of the Board has overall responsibility of the Bank’s ESRMS within the Enterprise Risk Management System.

BPI Sustainability Office

The Sustainability Office ensures that sustainability practices are embedded in each of the Bank’s business groups. The Sustainability Office is composed of a dedicated team of people who drive, monitor, and measure the Bank’s sustainability performance.

The Sustainability Office also seeks to inculcate a sustainability mindset in all employees through different employee engagement projects such as learning and consultation sessions, awareness campaigns, and training modules.

The Sustainability Office, which supports the Sustainability Council, functions under the Bank’s Strategy and Finance Group to allow for a streamlined identification of material environmental and social sustainability issues, solutions, and best practices relevant to the Bank’s strategy and operations.

Related information

Corporate Governance

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Investor Relations

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Sustainable Products and Services

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