Bank of the Philippine Islands
The Bank of the Philippine Islands (BPI), a leading financial institution in the Philippines, has its headquarters in Makati City, Metro Manila. Established in 1851, BPI is one of the oldest banks in the country, with a rich history marked by significant milestones in banking innovation and customer service. Operating primarily in the Philippines, BPI offers a comprehensive range of financial services, including retail banking, corporate banking, investment banking, and asset management. Its unique approach to customer service and commitment to digital transformation have solidified its position as a market leader. With a strong emphasis on sustainability and community development, BPI has received numerous accolades for its contributions to the banking sector, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Bank of the Philippine Islands'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
Bank of the Philippine Islands's score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of the Philippine Islands's reported carbon emissions
In 2023, the Bank of the Philippine Islands (BPI) reported total carbon emissions of approximately 9,000,000 kg CO2e from Scope 2 and about 9,319,000 kg CO2e from Scope 3, specifically from upstream leased assets. Additionally, Scope 1 emissions were recorded at about 53,000 kg CO2e. This data reflects a significant operational footprint, particularly in Scope 2 emissions, which are primarily associated with electricity consumption. BPI has set an ambitious commitment to achieve net-zero greenhouse gas emissions by 2050, starting from 2023. This long-term goal encompasses all scopes of emissions, indicating a comprehensive approach to climate action. The bank's ongoing initiatives and partnerships, such as its collaboration with ACEN to promote renewable energy, are pivotal in driving this commitment forward. In previous years, BPI's emissions were notably higher, with 2021 figures showing a total of approximately 330,719,000 kg CO2e, which included 291,000 kg CO2e from Scope 1 and 9,763,000 kg CO2e from Scope 2, alongside a substantial 320,665,000 kg CO2e from Scope 3. The reduction in emissions over the years highlights BPI's efforts to improve its environmental impact. Overall, BPI's climate commitments and emissions data underscore its dedication to sustainability and responsible banking practices in the Philippines.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 291,000 | - | 00,000 |
| Scope 2 | 9,763,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 320,665,000 | 0,000,000 | 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.
Bank of the Philippine Islands 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.
