Resource efficiency
While the financial sector is not an intensive user of electricity, water, fuel, and materials given the nature of its activities, BPI still recognizes the need for the prudent use of all resources. We keep track of our environmental impact and encourage our stakeholders to do the same.
Green Buildings
BPI has started exploring and implementing new efficient branch designs, green-building certifications, and the use of renewable energy for our facilities.
With a groundbreaking ceremony held last March 2022, BPI’s new head office building is targeted to be aligned with EDGE (or Excellence in Design for Greater Efficiencies), LEED (or Leadership in Energy and Environmental Design), and WELL certifications.
Last October 2022, BPI Iloilo Solis became the first bank branch in the Philippines to earn an EDGE certification from the International Finance Corporation (IFC), a member of the World Bank Group. BPI set a record high of eleven additional EDGE-certified green bank branches in 2024, following five in 2022 and six in 2023. As of April 2025, BPI has a total of 23 EDGE-certified green bank branches, all achieving at least 20% savings on electricity, water, and embodied energy in materials.
| 2022 EDGE-Certified Green Bank Branches |
|
| 2023 EDGE-Certified Green Bank Branches |
|
| 2024 EDGE-Certified Green Bank Branches |
|
| 2025 EDGE-Certified Green Bank Branches |
|
Greenhouse Gas (GHG) Emissions Accounting
BPI manages the impact of the Bank’s operations to the environment as well as the impact of the environment to the Bank’s operations through well-studied programs, in consultation with internal and external stakeholders (including subject matter experts).
BPI further refined the accounting of its GHG emissions in accordance with the GHG Protocol, further guiding the Bank in crafting a strategy towards a potential Net Zero Commitment
Additionally, BPI continued studying Philippine-based emission factors which can be used to compute for the financed emissions of its corporate loan portfolio. Shown below are the highest sector-based emission factors currently being reviewed for the computation of financed emissions across BPI’s corporate and SME portfolios.
GHG Emissions (Non-Financed Emissions)
Scope 1
CATEGORY | UNITS | 2023 | 2024 | DESCRIPTION | COVERED FACILITIES |
|---|---|---|---|---|---|
Stationary Combustion1 | tCO2e | 53 | 55 | Fuel consumption of generator sets in bank-owned facilities | BPI Group of Companies (parent company and 50%+ owned subsidiaries)2 4 |
Mobile Combustion1 | tCO2e | 102 | 1,224 | Fuel consumption of bank-owned vehicles | BPI Agency Banking3 |
Fugitive Emissions1 | tCO2e | [no data] | 3,247 | Unintentional releases of refrigerants from air-conditioning units and refrigerators in bank-owned facilities | BPI Group of Companies (parent company and 50%+ owned subsidiaries)2 |
Process Emissions | tCO2e | n/a | n/a |
|
|
Scope 2
CATEGORY | UNITS | 2023 | 2024 | DESCRIPTION | COVERED FACILITIES |
|---|---|---|---|---|---|
Purchased Electricity | tCO2e | 8,979 | 9,843 | Electricity consumption in bank-owned facilities | BPI Group of Companies (parent company and 50%+ owned subsidiaries)2 4 |
Purchased Cooling | tCO2e | n/a | n/a |
|
|
Purchased Heating | tCO2e | n/a | n/a |
|
|
Purchased Steam | tCO2e | n/a | n/a |
|
|
Scope 3
CATEGORY | UNITS | 2023 | 2024 | DESCRIPTION | COVERED FACILITIES |
|---|---|---|---|---|---|
Fuel and Energy-Related Activities (Category 3)1 | tCO2e | 1,735 | 2,480 |
| BPI Group of Companies (parent company and 50%+ owned subsidiaries)2 4 |
Waste Generated in Operations (Category 5)1 | tCO2e | [no data] | 197 | Third-party disposal and treatment of generated waste | BPI Buendia Center, BPI Operations Center, BPI Consumer Center, and BPI Binondo Rosario |
Upstream Leased Assets (Category 8)1 | tCO2e | 9,319 | 14,706 | Fuel consumption of generator sets in leased facilities | BPI Group of Companies (parent company and 50%+ owned subsidiaries)2 4 |
Electricity consumption in leased facilities | BPI Group of Companies (parent company and 50%+ owned subsidiaries)2 4 | ||||
Unintentional releases of refrigerants from air-conditioning units and refrigerators in leased facilities | BPI Parent Bank2 | ||||
Downstream Transportation and Distribution (Category 9) | tCO2e | n/a | n/a |
|
|
Processing of Sold Products (Category 10) | tCO2e | n/a | n/a |
|
|
Franchises (Category 14) | tCO2e | n/a | n/a |
|
|
CATEGORY | UNITS | 2023 | 2024 |
|---|---|---|---|
GHG Emissions (Non-Financed Emissions) 5 | tCO2e | 20,188 | 31,751 |
GHG Emissions Intensity (Non-Financed Emissions) (per Php 1 Bn revenue) 5 | tCO2e / Php | 146 | 187 |
1 estimated with the use of publicly available emission factors from reputable data sources such as the UK Government and the California Air Resources Board
2 excluding foreclosed assets and stockyards where repossessed vehicles are stored
3 cost-based data from vehicles used exclusively by Agency Banking
4 disclosures in 2023 only include emissions from the parent bank, excluding foreclosed assets and stockyards where repossessed vehicles are stored
5 total updated to include GHG emissions under Scope 1 Mobile Combustion and Scope 3 Fuel and Energy-Related Activities
Greenhouse Gas (GHG) Emissions Reduction
The accounting of BPI’s GHG emissions has further guided the Bank in focusing on initiatives which ultimately impact decarbonization. As such, the Bank has already implemented numerous initiatives to reduce our GHG emissions across Scope 1, 2, and 3. Summarized below are the Bank’s GHG emissions reduction initiatives, along with the affected scope and category of each initiative.
GHG EMISSION REDUCTION INITIATIVE | AFFECTED SCOPES AND CATEGORIES |
|---|---|
Shift of three corporate offices to 100% Renewable Energy use through the Green Energy Option Program (GEOP), in partnership with ACEN | Scope 2, Purchased Electricity |
Shift to energy efficient technology such as LED lights and inverter air conditioning units | Scope 2, Purchased Electricity |
IFC EDGE green certification of 23 bank branches |
|
Adoption of Sustainable Aviation Fuel (SAF) for documents shipping, in partnership with DHL | Scope 3, Upstream Transportation and Distribution (Category 4) |
Shift to e-shuttle of the roving vehicle across the Bank's corporate offices in the Makati CBD, in partnership with Global Electric Transportation (GET) | Scope 3, Upstream Transportation and Distribution (Category 4) |
Adoption of work from home arrangements | Scope 3, Employee Commuting (Category 7) |
Shift of material used in credit cards to recycled Polyvinyl Chloride (rPVC) | Scope 3, End-of-Life of Sold Products (Category 12) |
Recycling of plastic flyers used in document delivery, in partnership with DHL | Scope 3, End-of-Life of Sold Products (Category 12) |
Exclusion of greenfield coal power generation from the financed portfolio | Scope 3, Investments (Category 15) |
Exclusion of diesel-fired power generation plants for applications where diesel is the primary source of energy (except those for missionary electrification purposes) from the financed portfolio | Scope 3, Investments (Category 15) |
Renewable energy referral program for corporate and SME clients, in partnership with ACEN | Scope 3, Investments (Category 15) |
Electricity, Fuel, and Water Consumption
BPI regularly monitors the electricity, fuel, and water consumption levels of all owned and leased facilities to identify means by which the Bank can reduce consumption, and thereby mitigate our environmental impact.
The Bank’s energy consumption comes mainly from the electricity requirements of our daily branch and office operations.
The Facilities Services Group (FSG) handles all physical maintenance and construction-related works that support the Bank’s business activities. In line with the bank-wide strategy to shift from physical to digital, FSG’s initiatives focused less on building branches and more on reducing operating costs while maintaining the quality and integrity of our physical premises.
FSG supported preparations for the BPI and BPI Family Bank merger by ensuring the timely completion of retrofitting works for co-locating branches. By mid-year 2021, the conversion to LED lights was completed for 100% of BPI parent’s branches nationwide.
BPI’s corporate offices have also started sourcing their electricity from renewable energy (RE) sources through Green Energy Option Program (GEOP), in partnership with ACEN Corporation, with BPI Buendia Center transitioning to RE in June 2022, followed by BPI Consumer Center (formerly the BPI Family Savings Bank Center) and BPI Operations Center (formerly the BPI Intramuros) in January 2023, and BPI Binondo in April 2025. Additionally, the Bank adopted the Retail Aggregation Program (RAP), transitioning 70 of BPI’s bank branches to renewable energy, in partnership with ACEN Renewable Energy Solutions (ACEN RES).
In 2023, the Bank shifted to using Sustainable Aviation Fuel for document shipping, thereby reducing GHG emissions.
BPI also provides free transport services in designated pick-up points, including corporate offices and nearby train stations, for its employees. Additionally, the Bank has installed electric vehicle (EV) charging stations in three of its branches: BF Parañaque, Commonwealth, and Magallanes South.
The Bank’s water consumption comes from pantry sinks, washrooms, and maintenance faucets in branches and offices. As with our electricity, our water is sourced from water distribution companies and is monitored through utility billings. BPI also implemented rainwater harvesting system, resulting to over 30,000 gallons of rainwater saved.
ENERGY CONSUMPTION | |||
|---|---|---|---|
INDICATOR | UNITS | 2023 | 2024 |
Fuel Consumption 1 2 | liters | 34,498 | 50,165 |
National Grid Electricity Consumption 2 5 | gigajoules | 91,569 | 122,755 |
Renewable Energy Consumption | gigajoules | 33,527 | 33,318 |
Total Electricity Consumption 2 | gigajoules | 125,096 | 156,073 |
Energy Intensity from Fuel Consumption 2 3 | gigajoules / Php | 10 | 12 |
Energy Intensity from Consumption of Electricity sourced through the National Grid 2 3 | gigajoules / Php | 662 | 751 |
Energy Intensity from Renewable Energy Consumption 3 | gigajoules / Php | 242 | 204 |
Energy Intensity 3 | gigajoules / Php | 914 | 954 |
Water Consumption 4 5 | cubic meters | 308,967 | 758,140 |
1 Fuel consumption from generator sets
2 Includes consumption in ex-RBank facilities as well as all 50%+ owned subsidiaries (including LSB) starting 2024, excluding consumption emanating from foreclosed assets and stockyards where repossessed vehicles are stored; 2023 disclosure only includes consumption from the parent bank
3 Per Php 1 billion revenue
4 Includes consumption in ex-RBank facilities as well as all 50%+ owned subsidiaries (including LSB) starting 2024, excluding consumption emanating from BPI International Finance Limited, BPI Remittance Centre HK, Limited, and foreclosed assets and stockyards where repossessed vehicles are stored; 2023 disclosure only includes consumption from the parent bank
5 Historical and regional averages used, in cases wherein acquisition of physical data is not feasible or practicable
Material Consumption
BPI diligently monitors waste produced from the Bank’s operations, despite not having an intensive production line resulting to significant amounts of by-product.
Furthermore, the Bank works to minimize waste disposed to landfills via following the reduce, reuse, recycle hierarchy.
The Enterprise Operations Group has an Electronic Statement of Account (eSOA) project in contribution to the Bank’s digitalization strategy. The initiative, which converted paper-based to electronic bank statements, has helped improve customer experience with faster and more efficient delivery of SOAs via email compared to physical delivery, and at the same time reducing costs for the Bank.
In 2024, BPI shifted the material used for its credit cards to recycled PVCs, in line with the Bank’s efforts on encouraging clients to shift to sustainably produced goods.
Non-Hazardous Waste Reduced | 272 million pages of paper saved annually due to digitalization efforts |
|---|---|
Non-Hazardous Waste Recycled | 9,124 kg of recyclables from corporate offices |
Non-Hazardous Waste Directed to Landfills |
|
Hazardous Waste Store Onsite for Disposal |
|
Capacity Building on Environmental Sustainability
As part of the management of BPI premises, FSG also facilitates the Bank’s compliance with government regulations on environmental impact such as energy, water, air, as well as solid and hazardous waste. This includes permits, reports, and other requirements of the Department of Environment and Natural Resources (DENR), among others. Pollution Control Officers (PCOs) and engineers are assigned by geographic clusters and are continuously trained to stay up to date with the latest regulations and trends on environmental management.
The BPI Sustainability Office (SO) and the Sustainable Development Finance (SDF) teams host various ESG-related webinars which include environmental risk assessments and preparedness for natural catastrophes, energy efficiency innovations and renewable energy technologies, and new sustainability-related laws and regulations among others.
In addition, the BPI SO also hosts online Learning Sessions on various sustainability themes based on the interests of employees, including environment-related topics such as vegan recipes, zero waste living, and decluttering.
Related information
Discover more
