A commitment to responsible banking
The Bank of the Philippine Islands (BPI) is setting new standards in sustainable finance, earning the Top Sustainability Advocates in Asia award for the third consecutive year. By integrating Environmental, Social, and Governance (ESG) principles into its operations, BPI aligns with the Bangko Sentral ng Pilipinas’ (BSP) Sustainable Finance Framework, ensuring financial growth benefits both people and the planet.
Driving green financing and renewable energy
BPI’s Sustainable Funding Framework (SFF) directs investments toward renewable energy, energy efficiency, and climate resilience projects. By 2023, 59% of its energy generation portfolio came from renewable sources, surpassing the national average of 22%. The bank has financed 417 sustainability projects, reinforcing its role as a key driver of green finance in the Philippines.
Sustainable operations and financial inclusion
Beyond financing, BPI reduces its own carbon footprint by shifting corporate offices to 100% renewable energy and implementing paperless banking initiatives. It is also the first Philippine bank with IFC EDGE-certified green branches, achieving at least 20% energy and water savings. Committed to financial inclusion, BPI aims to provide banking access to five million unbanked Filipinos by 2030, empowering communities through targeted microfinance programs.
A roadmap to net zero
BPI is actively working toward its Net Zero Strategy, which includes phasing out coal power generation by 2032 and reducing emissions across its operations and financed portfolios. By engaging its suppliers in reforestation and sustainability programs, BPI strengthens its role in environmental stewardship.
Redefining sustainable finance
With a focus on responsible banking, sustainable investments, and social impact, BPI is shaping the future of finance in Southeast Asia, proving that profitability and sustainability can go hand in hand.
