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 strategy, ultimately balancing our growth aspirations with our environmental and social responsibility.
The Bank promotes investments in businesses, industries, and projects that contribute to the UN Sustainable Development Goals (“SDGs”). Our largest shareholder, Ayala Corporation, is a founding member of the UN Global Compact Network Philippines. BPI, together with the Ayala Group, is committed to furthering the 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:
BPI Green Finance Framework
BPI established a Green Finance Framework ("Framework"), highlighting its long-standing commitment to fund projects with clear environmental benefits. The Framework details guidelines for the following with respect to any green bonds or loans to be issued by the Bank: evaluation and selection of eligible projects, management of proceeds, and reporting.
The Framework is aligned with the International Capital Market Association Green Bond Principles, the ASEAN Green Bond Standards, and the Loan Market Association Green Loan Principles.
A more detailed discussion of BPI’s Green Finance Framework can be read here.
Sustainalytics' Second Party Opinion on BPI's Framework
Sustainalytics, a reputable name in the green finance space, provided the Second-Party Opinion (SPO) of the Bank's Green Finance 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.