What sustainability means for BPI
More than just attaining financial returns, BPI strives to achieve sustainability by creating shared value for its clients, shareholders, and society as a whole. For BPI, sustainability means providing opportunities for financial wellness for individuals, communities, and businesses from different economic backgrounds, as well as financing geared towards a greener economy and society. The bank also promotes greener business practices through sharing technical expertise and supporting the ecosystem of sustainable development.
Sustainability reporting is a means to present the bank’s non-financial performance to its stakeholders. Reporting on the environmental, social, and governance performance promotes transparency and accountability to its employees, clients, investors, and the public.
How we create shared value
BPI’s business model is designed to create and deliver shared value to clients, communities, and society in general, so that Filipinos can enjoy a more sustainable future. Our Sustainability Strategy Framework encapsulates the value created from our business model, all the while innovating for operational efficiency, empowering people and society, using resources more efficiently, and strengthening stakeholder trust. Read our 2017 Integrated Report for more details.
By embedding corporate social responsibility into our business and processes, we link our non-financial performance with our business strategy. This enables us to focus our efforts on long-term drivers of growth that contribute to the success of our Bank and progress for society as a whole. BPI Foundation, the Bank’s social development arm, works towards improving the social and economic well being of Filipinos through education, entrepreneurship, and environmental sustainability. BPI is mainstreaming corporate responsibility to bring about positive and sustainable change.
Our contribution to the Sustainable Development Goals
BPI promotes investments in businesses, industries, and projects that contribute to the Sustainable Development Goals (SDGs). We do this in the form of loans, capital raising, leasing arrangements, technical support, and client education. In 2017, the Bank financed Php 201.8 billion projects identified to directly contribute to the SDGs.
BPI Sustainability Office
Our Sustainability Office ensures that sustainability practices are embedded in each of our business groups. The BPI Sustainability Office (BSO) is composed of a dedicated team of people who drive, monitor, and measure our sustainability performance. The BSO also seeks to inculcate a sustainability mindset in all unibankers and the wider community.
Building a Culture of Sustainability
Sustainability in BPI is best exemplified through its human capital, the employees. Through different engagement projects, BPI builds a culture that encourages practicing a sustainable lifestyle and workplace.
1. Learning Sessions on Sustainability
The Learning Sessions are designed for employees to understand sustainability on a simpler and relatable manner. Experts are invited to discuss topics on how sustainability can be incorporated in daily work and lives.
2. Sustainability Exposure Trip
Sustainability Exposure Trip allows employees to have a hands-on experience on the different aspects of sustainability through visits to communities and enterprises that promote sustainable living and business practices.
3. Recyclables and Refillable Fair
BPI promotes the creation of less waste through recycling and repurposing. In the Recyclables and Refillable Fair, employees surrender items to our partner recycler, and bring their own containers for refilling services of home and personal cleaning products from partner organizations.
BPI also supports Globe’s Project 1 Phone (P1P), which helps build schools in Aklan through recycling of donated phones. P1P donation bins are located in BPI head office buildings.
4. SDG 101
SDG 101 is an awareness campaign for employees to learn about the United Nations Sustainable Development Goals and BPI’s contribution to achieving these goals.
5. Special Initiatives
BPI supports environment-related campaigns such as Earth Hour through the head office-wide lights off, and employee initiated earthfriendly activities. During the Christmas season, employees decorate BPI lobbies with recyclable materials following a sustainability theme.
6. Innovating for Shared Value Projects
The Sustainability Office works with internal business units and external partner organizations to create projects that benefit the Bank, its partners, clients, and local government and community. In 2011-2014, the Bank embarked on a 16-City Business Risk Assessment Study with WWF. The study gauged the selected cities’ exposure to environmental degradation and climate change, socio-economic sensitivity, and adaptive capacity.