Bank of the Philippine Islands

The Bank of the Philippine Islands (BPI), headquartered in the Philippines and operating within financial intermediation services, has outlined a commitment to achieve Net Zero greenhouse gas emissions by 2050.

In 2025, BPI reported total emissions of approximately 81,846,000 kg CO2e. This figure comprises Scope 1 emissions totalling about 780,000 kg CO2e, Scope 2 emissions of approximately 8,150,000 kg CO2e, and Scope 3 emissions amounting to roughly 72,916,000 kg CO2e. Key contributors to its Scope 3 emissions in this year included investments (35,491,000 kg CO2e), employee commute (17,914,000 kg CO2e), and upstream leased assets (15,048,000 kg CO2e).

For 2024, BPI's total emissions were approximately 74,840,000 kg CO2e. This breaks down into Scope 1 emissions of about 4,287,000 kg CO2e, Scope 2 emissions of approximately 9,744,000 kg CO2e, and Scope 3 emissions of around 60,809,000 kg CO2e. Investments, upstream leased assets, and fuel and energy-related activities were significant components of its Scope 3 emissions for this year.

In 2023, BPI reported total emissions of approximately 31,619,000 kg CO2e, with Scope 1 emissions at 53,000 kg CO2e, Scope 2 at 8,979,000 kg CO2e, and Scope 3 at 27,670,000 kg CO2e, primarily from upstream leased assets. The year prior, 2022, saw Scope 2 emissions of 19,776,000 kg CO2e and Scope 3 emissions of 36,777,000 kg CO2e, with upstream leased assets being the main Scope 3 category.

Earlier data shows total emissions of 330,719,000 kg CO2e in 2021, with Scope 1, 2, and 3 emissions contributing 291,000 kg CO2e, 9,763,000 kg CO2e, and 320,665,000 kg CO2e respectively. In 2016, total emissions were approximately 33,889,000 kg CO2e, including Scope 1 (119,000 kg CO2e), Scope 2 (31,708,000 kg CO2e), and Scope 3 (2,063,000 kg CO2e).

BPI's climate commitments, as stated, include a long-term target to become a Net Zero emissions company by 2050, covering all scopes of emissions. The organisation's reporting indicates a focus on reducing its operational footprint and engaging in sustainable financing initiatives.