Bank of the Philippine Islands Sustainability Profile
The Bank of the Philippine Islands (BPI), a leading financial institution in the Philippines, has its headquarters in Makati City, Metro Manila. Established in 1851, BPI is one of the oldest banks in the country, with a rich history marked by significant milestones in banking innovation and customer service. Operating primarily in the Philippines, BPI offers a comprehensive range of financial services, including retail banking, corporate banking, investment banking, and asset management. Its unique approach to customer service and commitment to digital transformation have solidified its position as a market leader. With a strong emphasis on sustainability and community development, BPI has received numerous accolades for its contributions to the banking sector, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Bank of the Philippine Islands's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank of the Philippine Islands's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of the Philippine Islands's reported carbon emissions
In 2023, the Bank of the Philippine Islands (BPI) reported total carbon emissions of approximately 30,000,000 kg CO2e. This total comprises 53,000 kg CO2e from Scope 1 emissions, 8,979,000 kg CO2e from Scope 2 emissions, and 27,670,000 kg CO2e from Scope 3 emissions, specifically from upstream leased assets. BPI has set a significant climate commitment to achieve net-zero greenhouse gas emissions by 2050, with this target initiated in 2023. This long-term goal encompasses all scopes of emissions, reflecting the bank's dedication to sustainability and climate action. The emissions data for previous years indicates a trend in BPI's carbon footprint management, with a total of approximately 330,719,000 kg CO2e reported in 2021, which included 291,000 kg CO2e from Scope 1, 9,763,000 kg CO2e from Scope 2, and 320,665,000 kg CO2e from Scope 3 emissions. The bank's commitment to reducing its carbon emissions aligns with global efforts to combat climate change and transition towards renewable energy sources.
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| 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000 | - | 00,000 |
| Scope 2 | 28,701,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Bank of the Philippine Islands's Industry?
How Carbon Intensive is Bank of the Philippine Islands's Location?
Bank of the Philippine Islands's Scope 3 Categories Breakdown
Bank of the Philippine Islands's Scope 3 emissions, which decreased by 25% last year and decreased by approximately 91% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 75% of total emissions under the GHG Protocol, with "Upstream Leased Assets" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Bank of the Philippine Islands's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank of the Philippine Islands has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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