BPI sets sustainability benchmark with a record 18 awards in 2024

The Bank of the Philippine Islands (BPI) solidifies its position as a sustainability leader in the Asia Pacific, with a record 18 awards in 2024. This surpasses last year’s total of 14 and represents the bank’s highest recognition in three years. The accolades underscore BPI’s continued commitment to sustainable business practices and alignment with the United Nations’ 17 Sustainable Development Goals (SDGs).

Unprecedented Recognition for Sustainability Excellence

In 2024, BPI received recognition from top organizations, including Finance Asia, Global Finance, ESG Business Awards, The Asset Triple A Sustainable Finance Awards, Asian Banking & Finance Wholesale Banking Awards, Euromoney Market Leaders, and Anvil Awards, among others. These prestigious awards reflect BPI's continued leadership and innovation in sustainable banking, climate finance, and the integration of ESG principles.

“We are honored to be recognized with 18 awards this year, which reflect our ongoing dedication to sustainability and our commitment to making a meaningful impact on society and the environment,” said Eric Luchangco, Chief Sustainability Officer of BPI.

“These achievements would not be possible without the collaboration and innovation of our teams, partners, and stakeholders, whose shared vision of a sustainable future drives the success of our sustainability initiatives,” Luchangco added.

Sustainability at the Core of BPI’s Mission

BPI has long been at the forefront of sustainability, with a legacy dating back to the 1980s. From the top levels of leadership to its everyday operations, BPI has consistently integrated environmental, social, governance (ESG) and economic impact (E₂)considerations into its business strategy. This commitment is reinforced by a Board-approved Sustainability Agenda, which guides BPI’s strategic objectives and governance frameworks while ensuring compliance with local sustainability regulations.

The Bank’s sustainability efforts are also rooted in the vision of Jaime Augusto Zobel de Ayala, BPI’s Chairman, who was named one of the 10 Corporate Champions of the UN SDGs globally in 2017. Under his leadership, BPI pioneered the ESG+E₂ model, which emphasizes that sustainability efforts should not only drive positive environmental, social and governance impacts but also result in economic gains (E₂) for all stakeholders.

“We believe that true sustainability means creating long-term value—not just for the environment, but also for our customers, employees, and the communities we serve,” Luchangco said. “Our ESG+E₂ approach ensures that our sustainability initiatives generate tangible benefits, creating a holistic impact that benefits both people and the planet.”

Recognition of Collective Contributions to Sustainability

The 18 awards received in 2024 reflect the collective efforts of BPI’s dedicated employees, clients, and partners, whose innovative contributions are instrumental in the Bank’s ongoing sustainability journey. Through its sustainable finance solutions, climate action projects, and commitment to inclusive economic growth, BPI continues to make significant strides toward achieving the SDGs.

“Our stakeholders play a critical role in helping us advance our sustainability goals,” said Luchangco. “These awards are a testament to the strong partnerships and shared commitment that fuel our efforts. Together, we are paving the way for a future that is both sustainable and prosperous for all.”

A Vision for the Future: Innovation and Growth in Sustainability

Looking ahead, BPI remains committed to furthering its sustainability agenda, scaling its efforts in climate finance, and exploring new opportunities for sustainable innovation. The Bank will continue to provide solutions that address global challenges such as climate change, resource scarcity, and social inequality, while driving inclusive growth in the Philippines and across the region.

“The sustainability landscape is rapidly evolving, and BPI is well-positioned to lead the way in integrating ESG factors into our operations and products,” Luchangco added. “We are excited about the opportunities ahead to drive positive change and create long-term value for our stakeholders.”