The Bank of the Philippine Islands (BPI) has reached a key sustainability milestone, with 100 of its branches now running entirely on renewable energy.
This follows the shift of 30 more branches under the Retail Aggregation Program (RAP), a government-backed initiative led by the Department of Energy. The program allows businesses to combine electricity demand so they can directly source power from renewable suppliers at competitive rates.
BPI said the move is part of its effort to cut carbon emissions and integrate sustainability into daily operations. The bank added that transitioning its branches to clean energy shows how it is putting its environmental commitments into practice.
Beyond branches, BPI has also shifted four corporate offices to 100 percent renewable energy. It now has 51 branches certified under IFC EDGE, which means these sites use at least 20 percent less energy, water, and building materials.
The bank’s sustainability efforts also extend to financing. Through its sustainable finance program, BPI has funded 532 projects worth ₱376 billion, supporting renewable energy and other climate-friendly initiatives.
For customers, BPI offers products such as solar financing plans and loans for electric and hybrid vehicles to promote cleaner energy use.
As part of its long-term strategy, BPI said it plans to completely stop financing coal power projects by 2032, aligning with global climate goals.
The bank said these efforts position it as a leader in sustainable banking in the Philippines.
