Philippine National Bank Sustainability Profile
Philippine National Bank (PNB), a leading financial institution in the Philippines, is headquartered in Makati City, PH. Established in 1916, PNB has a rich history of serving both local and international clients, with a strong presence in key regions across the country. As a prominent player in the banking industry, PNB offers a comprehensive range of services, including retail banking, corporate banking, and investment services. With a commitment to innovation, PNB provides unique products such as its digital banking solutions, which enhance customer convenience and accessibility. The bank has achieved significant milestones, including its successful expansion into overseas markets, catering to the needs of the Filipino diaspora. Recognised for its robust financial performance, PNB continues to solidify its position as a trusted partner in the financial landscape of the Philippines.
DitchCarbon Score
How does Philippine National Bank'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
Philippine National Bank's score of 32 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Philippine National Bank's reported carbon emissions
In 2023, Philippine National Bank reported total carbon emissions of approximately 2,617,000 kg CO2e. This figure includes 1,237,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 70,638,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the bank's Scope 3 emissions also totalled 2,617,000 kg CO2e, which encompass all other indirect emissions not included in Scope 2. Comparatively, in 2022, the bank's total emissions were about 1,237,000 kg CO2e, with Scope 1 emissions at 1,229,800 kg CO2e and Scope 2 emissions at 66,784,100 kg CO2e. The significant increase in emissions from 2022 to 2023 highlights the need for enhanced climate action. Despite these figures, Philippine National Bank has not set specific reduction targets or initiatives as part of its climate commitments. The bank's emissions data is independently reported and does not cascade from any parent organisation. As such, it operates without the influence of broader corporate sustainability initiatives like the Science Based Targets initiative (SBTi) or other climate pledges. Overall, while Philippine National Bank has made strides in transparency regarding its emissions, the absence of defined reduction targets indicates an opportunity for further commitment to climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,285,860 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,449,580 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Philippine National Bank's Industry?
How Carbon Intensive is Philippine National Bank's Location?
Philippine National Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Philippine National Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
