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.
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 30 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank of the Philippine Islands's reported carbon emissions
In 2023, the Bank of the Philippine Islands (BPI) reported total carbon emissions of approximately 9,979,000 kg CO2e. This figure includes Scope 1 emissions of about 53,000 kg CO2e, Scope 2 emissions of approximately 8,979,000 kg CO2e, and Scope 3 emissions from upstream leased assets amounting to about 9,319,000 kg CO2e. In 2022, BPI's emissions were higher, totalling around 19,776,000 kg CO2e for Scope 2 and approximately 8,500,000 kg CO2e for Scope 3, indicating a shift in their emissions profile. The total emissions for 2021 were reported at about 330,719,000 kg CO2e, with Scope 1 at 291,000 kg CO2e, Scope 2 at 9,763,000 kg CO2e, and a significant Scope 3 contribution of approximately 320,665,000 kg CO2e. Despite these figures, BPI has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). Their operational emissions intensity has shown a decrease, from 0.239 in 2022 to 0.133 in 2023 per Php 1 billion in revenue, suggesting a focus on improving efficiency. BPI's climate commitments remain vague, with no documented reduction targets or pledges available. As a leading financial institution in the Philippines, BPI's ongoing efforts to manage and report its carbon emissions are crucial in the context of global climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| 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
Location emissions intensity
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 committed to any reduction initiatives 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.
