Philippine National Bank
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 29 is higher than 75% 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 (PNB) reported significant carbon emissions, with Scope 1 emissions at approximately 16,600,000 kg CO2e and Scope 2 emissions also at about 16,600,000 kg CO2e. This marked a notable increase compared to previous years, where in 2022, Scope 1 emissions were around 133,980 kg CO2e and Scope 2 emissions were approximately 1,600,130 kg CO2e. In 2021, PNB's emissions were recorded at about 3,970 kg CO2e for Scope 1 and approximately 18,869,610 kg CO2e for Scope 2. The trend indicates fluctuations in emissions, particularly in Scope 2, which saw a substantial rise in 2021 before decreasing in 2022 and then increasing again in 2023. As of now, PNB has not established specific reduction targets or initiatives, nor have they committed to the Science Based Targets initiative (SBTi). Their climate commitments remain vague, with no documented climate pledges or reduction targets available. This context highlights the need for PNB to enhance its climate strategy and set measurable goals to address its carbon footprint effectively.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,090 | 0,000 | 000,000 | 00,000,000 |
| Scope 2 | 9,812,630 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 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.
Philippine National Bank 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.
