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 24 is lower than 59% 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 2022, Philippine National Bank (PNB) reported total carbon emissions of approximately 20,383,370 kg CO2e. This figure includes 133,980 kg CO2e from Scope 1 emissions and 1,600,130 kg CO2e from Scope 2 emissions, indicating a focus on direct and indirect emissions from energy consumption. Notably, PNB has not disclosed any Scope 3 emissions data. Despite the significant total emissions, there are currently no specific reduction targets or climate pledges outlined by PNB. The bank has not adopted Science-Based Targets Initiative (SBTi) reduction targets, nor has it committed to any formal climate pledges. This lack of defined targets suggests that while PNB is aware of its carbon footprint, it may need to enhance its climate commitments to align with industry standards and expectations. As of now, PNB's emissions data is not cascaded from any parent or related organization, indicating that the reported figures are solely from its own operations. The bank's commitment to addressing climate change remains an area for potential development, particularly in establishing measurable reduction goals and enhancing transparency in its environmental impact.
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| 2022 | |
|---|---|
| Scope 1 | 133,980 |
| Scope 2 | 1,600,130 |
| Scope 3 | - |
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.
