Public Profile

Bank of the Philippine Islands

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.

37

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.

26

Industry Benchmark

Bank of the Philippine Islands's score of 37 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.

86%

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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 9,000,000 kg CO2e from Scope 3 sources, specifically from upstream leased assets. Additionally, BPI's Scope 1 emissions were about 53,000 kg CO2e, while Scope 2 emissions reached approximately 8,979,000 kg CO2e. This data reflects a significant commitment to transparency in their carbon footprint across all scopes of emissions. BPI has set an ambitious target to achieve net-zero greenhouse gas emissions by 2050, starting from 2023. This long-term commitment encompasses all scopes of emissions, demonstrating BPI's dedication to addressing climate change and promoting sustainability within its operations. In previous years, BPI's emissions were notably higher, with total emissions of approximately 330,719,000 kg CO2e in 2021, which included 291,000 kg CO2e from Scope 1 and about 9,763,000 kg CO2e from Scope 2. The emissions data from 2022 indicated a total of approximately 28,776,000 kg CO2e, with Scope 2 emissions at about 19,776,000 kg CO2e and upstream leased assets contributing around 8,500,000 kg CO2e. BPI's ongoing efforts to reduce its carbon footprint align with industry standards and reflect a proactive approach to climate commitments, positioning the bank as a leader in sustainability within the financial sector in the Philippines.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202120222023
Scope 1
291,000
-
00,000
Scope 2
9,763,000
00,000,000
0,000,000
Scope 3
320,665,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank of the Philippine Islands's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank of the Philippine Islands is in PH, which has a high grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Bank of the Philippine Islands is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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