Bank of the Philippine Islands (BPI) has shifted 100 of its branches to run entirely on clean, renewable energy to advance its low-carbon operations.

The Daily Tribune reported the milestone, highlighting the broader effort of the bank to reduce its corporate carbon footprint.

The recent transition includes 30 branches participating in the Retail Aggregation Programme of the Department of Energy.

This specific BPI renewable energy initiative allows the bank to source electricity directly from licensed green power suppliers.

“Transitioning the operations of 100 BPI branches to use fully renewable energy is a clear demonstration of how we put our sustainability commitments into action,” said Eric Luchangco, Chief Finance Officer and Chief Sustainability Officer, BPI.

Beyond its retail branch network, the lender successfully converted four corporate offices to operate on 100% green energy.

The bank also expanded its portfolio of facilities holding the IFC EDGE certification to 51 locations, reflecting measurable improvements in water and energy efficiency.

On the lending front, the financial institution continues to scale its Sustainable Development Finance Programme.

The platform currently supports 532 projects worth PHP 376 billion, covering energy efficiency and other climate-aligned business initiatives.

The bank aims to encourage retail consumers to adopt clean energy. To support this, it offers solar financing programmes and dedicated loans for electric and hybrid vehicles.

As part of its long term renewable energy strategy, BPI plans to fully exit coal power generation financing by 2032 to align with global climate goals.

Featured image: Edited by Fintech News Philippines based on an image by noob via Magnific.