The Bank of the Philippine Islands (BPI) is helping build a better future by encouraging Filipinos to consciously adopt a more sustainable lifestyle as it spearheads the ‘Green and Beyond Sustainability Fair’ happening June 2-4, 2023 at the Glorietta Activity Center in Makati City.
Marking the Bank’s second run of its Sustainability Awareness Month (SAM) — held annually in June — BPI aims not only to be more sustainable in the way it conducts its business but also to inspire Filipinos to do the same in the way they live their lives.
“BPI is championing sustainability not only for the corporate but the retail segment as well. In June last year, we curated a series of activities in partnership with local and global institutions to establish the Philippines’ first Sustainability Awareness Month. This June, we are reinforcing our commitment to promote sustainable living practices through this retail fair, webinars, in-person forums and workshops, and other activities throughout the month,” BPI president and CEO TG Limcaoco said.
At BPI’s ‘Green and Beyond Sustainability Fair,’ the bank and select partner merchants who share the same commitment to sustainability will have booths displaying electric vehicles (EVs), green homes, energy efficient appliances, digital financial solutions, and more. These are products and services that provide significant cost savings that serve as rewards for being sustainable. Making the event even more special, visitors and participants will be treated to unique and fun offers, games, and prizes.
“In our journey towards being a sustainability champion in the Philippine banking industry, we have developed a unique formula: ‘Environment, Social, Governance + Economic’ gains or ‘ESG+E2.’ This formula shows that while we actively integrate ESG principles in the way we do business, we also give equal importance to achieving economic benefits out of a sustainability initiative. A successful and profitable ESG endeavor will be able to sustain itself and will be pursued by its proponents because of the benefits it derives,” BPI chief finance officer and chief sustainability officer Eric Luchangco said.
Last year, BPI introduced actress Bea Alonzo as its celebrity endorser for its #BPISustainableWithYou campaign, which intended to encourage consumers to join the sustainability movement, and create lasting, positive impact for the people and planet.
BPI is also using digital platforms to create sustainable innovations that promote financial inclusion.
BPI also launched the Philippines’ first Invest Sustainable Fund Suite which offer various types of high-yielding sustanable investment options. Competitive rates were likewise offered via green Time Deposits which help finance project that help protect the environment. On the other hand, the BPI-AIA’s Pamilya Protect insurance for the whole family offers easy to access and inexpensive insurance packages using digital channels. Meanwhile, NegosyoKo Lite, made financing more affordable for self-employed micro-entrepreneurs (SEMEs).
Best Sustainable Bank
Throughout 2022, BPI secured back-to-back sustainability awards from a multitude of notable local and regional awarding entities. These recognitions underscored the bank’s purpose-driven and staunch commitment in promoting conscious consumerism and sustainable operations by embedding positive environmental, social, and governance (ESG) principles into its core.
BPI received a record-high 10 recognitions which further affirmed its position as the leader in sustainability in the Philippine banking industry and as among the best in the Asia Pacific region.