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Manila Bulletin devider Business devider BSP Manila headquarters bags 5-star DOE energy rating

BSP Manila headquarters bags 5-star DOE energy rating

Published May 3, 2022 01:25 pm

The Department of Energy (DOE) has again recognized the Bangko Sentral ng Pilipinas’ (BSP) Manila head office for its energy efficiency efforts for the third time with a 5-star rating during an on-the-spot energy audit.

"This recognition is a testament to our commitment to reduce energy consumption that will substantially impact not only on the economy, but more importantly, the environment," said BSP Governor Benjamin E. Diokno on Tuesday, May 3.

Bangko Sentral ng Pilipinas complex along Roxas Boulevard in Manila/File

The BSP headquarters located along Roxas Boulevard, besides the Department of Finance (DOF), has been long recognized as an energy-efficient government agency. In 2016, it was awarded the "Energy Efficiency and Conservation in Government Buildings" along with 10 others. The DOF building and its site once belonged to the BSP.

"We have been championing energy efficiency measures that enable the BSP to create a safe, healthy, and resource-efficient work environment," said Diokno.

The BSP said it has implemented several energy saving measures such as: the use of energy-efficient equipment for air conditioning and elevators; the replacement of fluorescent with LED lights; and installation of occupancy sensor lights in selected areas.

“BSP employees are also advised to switch off room lights during noon breaks, after office hours, and when the rooms are not occupied; and to turn off electrically operated machines when not in use,” said the BSP. When available, the power management features of electricity-powered devices are also utilized, it added.

The BSP has likewise installed a solar photovoltaic system on the rooftop of one of its buildings. “(This) saves the central bank more than P70,000 in annual power consumption,” it said.

The DOE conducted the spot check in compliance with Republic Act No.11285 or the "Energy Efficiency and Conservation Act", which enjoins government offices to ensure efficient use of energy.

Besides being a leader in energy efficiency, the BSP has been undertaking measures to address climate change issues and its associated environmental and social risks.

The central bank has launched its own Sustainable Central Banking Program and adopted a phased approach in introducing sustainability-related guidelines for its supervised financial institutions.

“The BSP has been actively involved in building awareness and highlighting the shared accountability of regulators and financial institutions in pursuing the sustainable finance agenda in the industry,” said the BSP previously.

Its sustainable BSP initiatives is one of its strategic objectives and it has committed to embed sustainability principles in key areas of BSP’s operations “to the greatest extent possible,” said the BSP.

The BSP has said that climate change is “inevitable” and the financial sector “has a significant role to play in pursuing sustainable and inclusive growth in the global economy, the environment, and society.”

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