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 18 is lower than 88% 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 2024, Philippine National Bank (PNB) reported total carbon emissions of approximately 448,171,990 kg CO2e. This figure includes Scope 1 emissions of about 397,000 kg CO2e, Scope 2 emissions of approximately 4,990,880 kg CO2e, and significant Scope 3 emissions totalling around 442,784,110 kg CO2e, which encompasses investments (about 435,583,370 kg CO2e), business travel (approximately 684,110 kg CO2e), and upstream leased assets (about 6,516,640 kg CO2e). In comparison, the bank's emissions for 2023 were reported at approximately 5,349,960 kg CO2e, with Scope 1 emissions of about 367,040 kg CO2e and Scope 2 emissions of approximately 4,982,920 kg CO2e. Notably, PNB has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. PNB's commitment to addressing climate change is evident, although specific reduction strategies or targets have not been outlined in the available data.
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| 2022 | |
|---|---|
| Scope 1 | 133,980 |
| Scope 2 | 1,600,130 |
| Scope 3 | - |
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.
