Resource efficiency

While the financial sector is not an intensive user of electricity, water, fuel, and materials given the nature of its activities, BPI still recognizes the need for the prudent use of all resources. We keep track of our environmental impact and encourage our stakeholders to do the same.

Green Buildings

BPI has started exploring and implementing new efficient branch designs, green-building certifications, and the use of renewable energy for our facilities.

With a groundbreaking ceremony held last March 2022, BPI’s new head office building is targeted to be aligned with EDGE (or Excellence in Design for Greater Efficiencies), LEED (or Leadership in Energy and Environmental Design), and WELL certifications.

Last October 2022, BPI Iloilo Solis became the first bank branch in the Philippines to earn an EDGE certification from the International Finance Corporation (IFC), a member of the World Bank Group. In 2023, BPI was able to seek IFC EDGE green building certification for 6 additional branches. In 2024, BPI Dela Rosa Paseo, BPI Iligan, and BPI Las Piñas were added to the list of EDGE-certified bank branches, bringing the total to 14 as of April 2024.

Greenhouse Gas Emissions

BPI manages the impact of the Bank’s operations to the environment as well as the impact of the environment to the Bank’s operations through well-studied programs, in consultation with internal and external subject matter experts.  

The Bank’s Operational GHG Emissions computations are done in accordance with Greenhouse Gas Protocol (GHG Protocol). To ensure applicability of the resulting figures, emission factors from the Philippine Department of Energy (DOE) were applied, in lieu of foreign-based emission factors.  

¹Scope 1 GHG Emissions from Stationary Combustion

²Scope 2 GHG emissions from Purchased Electricity

³Scope 2 GHG Emissions for 2022 lower than 28,277 tCO2e disclosed in BPI’s 2022 Integrated Report due to the re-classification of GHG emissions from leased assets’ electricity consumption from Scope 2 to Scope 3 Category 8 (Upstream Leased Assets)

⁴Scope 3 Category 8 GHG Emissions from purchased electricity used in upstream leased assets; data for 2023 also includes stationary combustion in upstream leased assets

Electricity, Fuel, and Water Consumption

BPI regularly monitors the electricity, fuel, and water consumption levels of all facilities to identify means by which the Bank can reduce usage, and thereby mitigate the Bank’s environmental impact.

The Bank’s energy consumption comes mainly from the electricity requirements of our daily branch and office operations. 

The Facilities Services Group (FSG) handles all physical maintenance and construction-related works that support the Bank’s business activities. In line with the bank-wide strategy to shift from physical to digital, FSG’s initiatives focused less on building branches and more on reducing operating costs while maintaining the quality and integrity of our physical premises.

FSG supported preparations for the BPI and BPI Family Bank merger by ensuring the timely completion of retrofitting works for co-locating branches. By mid-year 2021, the conversion to LED lights was completed for 100% of branches nationwide.  

BPI’s corporate offices have also started sourcing its electricity from renewable sources, with BPI Buendia Center having shifted as of June 2022 and both BPI Consumer Center (formerly the BPI Family Savings Bank Center) & BPI Operations Center (formerly the BPI Intramuros) having shifted as of January 2023.

The Bank’s water consumption comes from pantry sinks, washrooms, and maintenance faucets in branches and offices. As with our electricity, our water is sourced from water distribution companies and is monitored through utility billings. 

Material Consumption

The Centralized Operations Group (COG) has an Electronic Statement of Account (eSOA) project in contribution to the Bank’s digitalization strategy. The initiative, which converted paper-based to electronic bank statements, has helped improve customer experience with faster and more efficient delivery of SOAs via email compared to physical delivery, and at the same time reducing costs for the Bank.

Capacity Building on Environmental Sustainability

As part of the management of BPI premises, FSG also facilitates the Bank’s compliance with government regulations on environmental impact such as energy, water, air, as well as solid and hazardous waste. This includes permits, reports, and other requirements of the Department of Environment and Natural Resources (DENR), among others. Pollution Control Officers (PCOs) and engineers are assigned by geographic clusters and are continuously trained to stay up to date with the latest regulations and trends on environmental management.

The BPI Sustainability Office (SO) and the Sustainable Development Finance (SDF) teams host various ESG-related webinars which include environmental risk assessments and preparedness for natural catastrophes, energy efficiency innovations and renewable energy technologies, and new sustainability-related laws and regulations among others.

In addition, the BPI SO also hosts online Learning Sessions on various sustainability themes based on the interests of employees, including environment-related topics such as vegan recipes, zero waste living, and decluttering.