Bank of the Philippine Islands

Bank of the Philippine Islands (BPI), headquartered in the Philippines and operating in financial intermediation services, has outlined ambitious climate commitments, including a long-term goal to become a Net Zero greenhouse gas emissions company by 2050.

For the reporting year 2025, BPI reported total emissions of approximately 78,071,000 kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. Scope 1 emissions for 2025 amounted to approximately 7,016,000 kg CO2e, primarily from stationary combustion, mobile combustion, and fugitive emissions. Scope 2 emissions, largely attributed to purchased electricity, were approximately 8,150,000 kg CO2e. Scope 3 emissions were significant, totalling approximately 63,905,000 kg CO2e, with key contributors including investments, employee commute, and upstream leased assets.

In the preceding year, 2024, total emissions were approximately 72,792,000 kg CO2e. Scope 1 emissions for 2024 were approximately 4,287,000 kg CO2e, Scope 2 emissions were approximately 9,744,000 kg CO2e, and Scope 3 emissions were approximately 58,761,000 kg CO2e.

Earlier reporting years show varying emission profiles. In 2021, total emissions were approximately 330,719,000 kg CO2e, comprising 291,000 kg CO2e for Scope 1, 9,763,000 kg CO2e for Scope 2, and 320,665,000 kg CO2e for Scope 3. In 2016, total emissions were approximately 33,889,000 kg CO2e, with Scope 1 at 119,000 kg CO2e, Scope 2 at 31,708,000 kg CO2e, and Scope 3 at 2,063,000 kg CO2e.

BPI's climate strategy includes strengthening partnerships to promote renewable energy. While specific interim reduction targets are not detailed in the provided data, the commitment to Net Zero by 2050 serves as a guiding principle for their climate action initiatives. The organization has consistently disclosed emissions across Scope 1, 2, and 3 categories, with the exception of 2019, 2022, and 2017 where Scope 1 data was not fully disclosed or available. A notable missing data point across reporting years for Scope 3 is "purchased goods and services."