Integrated Reports

Our Integrated Reports are comprehensive accounts that summarize the key strategies and results of the company’s activities throughout the prior year, presented in a manner that is in line with disclosure regulations and best practice as required and advised by the SEC, BSP and PSE. Starting 2017, our reports have been prepared in accordance with the International Integrated Reporting Council’s (IIRC) Integrated Reporting <IR> Framework.

Design changes from year to year, as well as the use of infographics, are intended to facilitate more effective communication with all our stakeholders, and to provide more concise and relevant narrative reports. These objectives are entirely in line with our aim to become more clear and transparent about the financial performance and state of affairs of the Bank.

We practice integrated reporting to align relevant information about the Bank’s strategy, governance systems, performance, and future prospects in a way that reflects the economic, environmental, and social environment in which it operates. This is for our stakeholders' better appreciation of our corporate social responsibility and sustainability initiatives.

Through integrated reporting, we also recognize the importance of our clients and investors receiving adequate financial and non-financial information regarding the Bank’s operations.

Design changes from year to year, as well as the use of infographics, are intended to facilitate more effective communication with all our stakeholders, and to provide more concise and relevant narrative reports.

These objectives are entirely in line with our aim to become more clear and transparent about the financial performance and state of affairs of the Bank.

Integrated reports being available electronically serves not just our stakeholders, but also our communities.

On average, one tree produces 100 copies of an 80-page annual report. Due to ever-changing processes, including increasing report lengths, chemical processes, and water requirements for production, it is inevitable that costs would only be on the rise as time goes by. In line with this, switching to electronic copies provide multitude of benefits, including cost-effectiveness and environmental cost savings.

More efficient means of communication are now available. There has been strong growth in Philippine households, including clients and investors of the Bank that have smartphone, email and internet access. A greater percentage of the population is mobile and online. Hence, we will begin to provide access to electronic or digital copies only of our integrated reports at our branches, in lieu of printing and displaying hard copies. This alternate compliance, which has been approved by the BSP, is in support of our long-term sustainability initiatives.

Additional information, including management commentary on year-on-year performance, may be found in the SEC disclosures elsewhere on our website.