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Financial Intermediation
PH
updated 3 days ago

Overseas Filipino Bank, Inc.

Company website

Overseas Filipino Bank, Inc. (OFBank) is a pioneering financial institution headquartered in the Philippines, primarily serving the needs of Overseas Filipino Workers (OFWs) and their families. Established in 2019, OFBank has quickly positioned itself as a leader in the digital banking sector, focusing on remittances, savings, and investment products tailored for the unique requirements of its clientele. With a strong emphasis on accessibility and convenience, OFBank offers a range of core services, including online banking, mobile remittance solutions, and competitive savings accounts. Its commitment to innovation and customer-centric solutions has garnered recognition within the industry, making it a trusted partner for millions of Filipinos abroad. As a wholly-owned subsidiary of the Land Bank of the Philippines, OFBank continues to expand its reach, ensuring that financial services are within easy access for Filipinos worldwide.

DitchCarbon Score

How does Overseas Filipino Bank, Inc.'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.

17

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.

30

Industry Benchmark

Overseas Filipino Bank, Inc.'s score of 17 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.

11%

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Overseas Filipino Bank, Inc.'s reported carbon emissions

Inherited from Land Bank of the Philippines

Overseas Filipino Bank, Inc., headquartered in the Philippines, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of the Land Bank of the Philippines, which may influence its environmental strategies and commitments. As of now, Overseas Filipino Bank, Inc. has not established any documented reduction targets or climate pledges. This lack of specific initiatives suggests that the bank is still in the early stages of developing its climate action framework. Given the context of the banking industry, it is essential for financial institutions like Overseas Filipino Bank to align with broader climate commitments and sustainability goals, particularly in light of increasing regulatory pressures and stakeholder expectations regarding environmental responsibility. While no specific emissions data or reduction targets are available, the bank's affiliation with Land Bank of the Philippines may provide opportunities for future collaboration on sustainability initiatives and emissions reduction strategies.

Unlock detailed emissions data

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

20172018
Scope 1
84,900
00,000
Scope 2
6,541,700
0,000,000
Scope 3
5,148,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Overseas Filipino Bank, Inc.'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 Overseas Filipino Bank, Inc. 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.

Overseas Filipino Bank, Inc. 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

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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