BPI partners with PCAF to strengthen decarbonization priorities

The Bank of the Philippine Islands (BPI) has joined the Partnership for Carbon Accounting Financials (PCAF), a global initiative that enables financial institutions to measure and disclose greenhouse gas (GHG) emissions associated with their financing and investment activities.

By becoming a PCAF signatory, BPI strengthens its commitment to supporting the transition to a low-carbon economy and advancing climate action through science-based and globally recognized methodologies.

PCAF is the leading global partnership for financial institutions seeking to assess and disclose financed emissions. Its methodology has become the most widely adopted standard for carbon accounting across the banking and financial services industry, enabling institutions to measure emissions linked to their lending and investment portfolios in a transparent and comparable manner.

“BPI recognizes that effective climate action begins with measuring impact,” said Eric Luchangco, BPI Chief Finance Officer and Chief Sustainability Officer. “Joining PCAF marks an important step in our sustainability journey as it provides us with a globally accepted framework for understanding our financed emissions and identifying opportunities to support our clients’ decarbonization efforts.”

As one of the country’s leading financial institutions, BPI views carbon accounting as a critical foundation for climate mitigation. Establishing a quantitative baseline for financed emissions allows the Bank to better understand the carbon footprint of its portfolio and develop more targeted strategies to support the transition of carbon-intensive sectors toward lower-emission operations.

The partnership complements BPI’s broader sustainability agenda, including its Decarbonization Roadmap, which outlines the Bank’s commitment to reducing emissions from its own operations through energy efficiency, renewable energy adoption, and other climate-related initiatives.

Beyond strengthening transparency and accountability, PCAF membership enables BPI to align its carbon accounting practices with those of leading global financial institutions. This comparability supports more informed decision-making and enhances the Bank’s ability to evaluate and finance low-carbon technologies and climate solutions.

With a clearer understanding of financed emissions across priority sectors, BPI aims to further refine its sustainable finance strategy and support clients in identifying practical pathways toward decarbonization.

The announcement forms part of BPI’s observance of its Sustainability Awareness Month last June 2026, an annual initiative that highlights the Bank’s efforts to create long-term value through financial inclusion, environmental stewardship, and sustainable development. Through partnerships such as PCAF, BPI continues to strengthen its role in helping drive the country’s transition toward a more sustainable future.