BPI Sustainable Funding Framework

BPI recognizes the importance of creating value not only for our businesses, but also for our stakeholders, the environment, and the communities in which we operate. We strive to have sustainability at the core of our corporate strategies, ultimately balancing our growth aspirations with our environmental and social responsibility.

BPI promotes investments in businesses, industries, and projects that contribute to the UN Sustainable Development Goals (“SDGs”). BPI is a member of the UN Global Compact Network Philippines and is committed to furthering the UN SDGs.

We have chosen to focus on SDGs where we believe BPI can have a substantial and lasting impact across the markets we operate in, which currently include the following:

BPI Sustainable Funding Framework

BPI has developed a Sustainable Funding Framework (“Framework”) under which we intend to issue Green, Social, and/or Sustainability Bonds and/or Loans to fund selected projects. The Framework fulfils the requirements of the International Capital Markets Association (ICMA) Sustainability Bond Guidelines 2021, Green Bond Principles 2021, and Social Bond Principles 2023, the Loan Markets Association (LMA) Green Loan Principles 2023 and Social Loan Principles 2023, as well as the ASEAN Sustainability Bond Standards 2018, ASEAN Green Bond Standards 2018 and ASEAN Social Bond Standards 2018. It comprises the following four components pursuant to the Principles and Standards:

1. Use of Proceeds
2. Process for Project Evaluation and Selection
3. Management of Proceeds
4. Reporting

A more detailed discussion of BPI’s Sustainable Funding Framework can be read here.

Sustainalytics' Second Party Opinion on BPI's Framework

Sustainalytics, a reputable name in the Sustainable finance space, provided the Second-Party Opinion (SPO) of the Bank's Sustainable Funding Framework. The SPO ensures that the Framework is in line with industry standards and best practices based on the Use of Proceeds, Project Evaluation/Selection, Management of Proceeds and Reporting.

The Second-Party Opinion document may be downloaded and read here.

Use of Proceeds and Impact Reports

The 2023 BPI Green and Social Bonds Report may be downloaded and read here.

The 2023 Sustainalytics Second Party Opinion for our Green and Social Bonds Report may be downloaded and read here.