BPI inks pioneering deal with IFC partner for more green buildings
BPI and PGBI executives seal the agreement to help create more green buildings with a handshake and an MOU. Shown here are, from left, Ms. Jo Ann B. Eala, VP, Sustainable Energy Finance, BPI; Mr. Eric M. Luchangco, SVP, Corporate Credit Products Group, BPI; Mr. Dave B. Farala, President, PGBI; and Mr. Ramon D. Aguilos, EDGE Executive Director, PGBI.
MAKATI CITY, Philippines – Bank of the Philippine Islands has signed a pioneering agreement with the Philippine Green Building Initiative (PGBI), the local partner of the International Finance Corporation (IFC), a member of the World Bank Group, to help turn more buildings in the country into energy-saving, low-carbon, and environment-friendly structures.
PGBI is a private organization which promotes compliance to the Philippine Green Building Code (PGBC) and conducts training and certification programs for auditors and technical experts on the code, whose implementation started in February 2016.
ABOUT BANK OF THE PHILIPPINE ISLANDS
The 166-year-old Bank of the Philippine Islands is the first bank in the Philippines and Southeast Asia. We are licensed as a universal bank by the Bangko Sentral ng Pilipinas to provide a diverse range of financial services: deposit taking and cash management, payments, lending and leasing, asset management, bancassurance, investment banking, securities brokerage, and foreign exchange and capital markets. BPI has significant financial strength, with robust Tier 1 capital adequacy ratios and profitability, underpinned by a stringent compliance and risk management regimes. BPI has investment-grade ratings of BBB- (Fitch), Baa2 (Moodys), and BBB (Capital Intelligence).