PSBank
Philippine Savings Bank, commonly known as PSBank, is a prominent financial institution headquartered in the Philippines. Established in 1960, PSBank has grown to become a key player in the banking industry, primarily serving Metro Manila and other major regions across the archipelago. Specialising in retail banking, PSBank offers a diverse range of products and services, including savings accounts, loans, and investment options. Its commitment to customer service and innovative digital banking solutions sets it apart in a competitive market. With a strong focus on financial inclusion, PSBank has achieved notable milestones, including recognition for its efforts in enhancing customer experience and expanding its digital footprint. As a trusted partner for Filipinos, PSBank continues to uphold its mission of providing accessible banking solutions tailored to the needs of its clients.
DitchCarbon Score
How does PSBank'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
PSBank's score of 12 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
PSBank's reported carbon emissions
In 2023, PSBank reported a total of approximately 3,713,300 kg CO2e in emissions, comprising 68,300 kg CO2e from Scope 1 and 3,643,000 kg CO2e from Scope 2. The bank has shown a significant reduction in its emissions over the years, particularly in Scope 1, which decreased from about 2,326,000 kg CO2e in 2019 to 68,300 kg CO2e in 2023. In 2022, PSBank's total emissions were approximately 5,167,353 kg CO2e, with Scope 1 emissions at 85,980 kg CO2e and Scope 2 at 3,777,000 kg CO2e. The bank's Scope 3 emissions were notably high, reaching approximately 5,167,353 kg CO2e in 2022, indicating a substantial impact from indirect emissions. Despite these reductions, PSBank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions intensity metrics, such as 1,290 kg CO2e per full-time employee in 2023, reflect its ongoing efforts to manage its carbon footprint effectively. Overall, PSBank's commitment to reducing its carbon emissions is evident through its decreasing trends, although further transparency regarding specific reduction targets would enhance its climate commitment profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,335,058,000 | 0,000,000,000 | 0,000,000,000 | 00,000 | 00,000 |
| Scope 2 | 3,662,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
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.
PSBank is not committed to any reduction initiatives 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.
