Sustainability Report

Overview

The report describes the BSP's 2023 sustainability actions and first-half 2024 progress, centered on climate and nature-related risk management, green finance, and sustainability in own operations. It reports that the enhanced Enterprise Risk Management framework implemented in 2023 integrates sustainability and ESG-related risks across the Bank's risk processes, while Circular No. 1187 requires banks to use the Philippine Sustainable Finance Taxonomy Guidelines. At the BSP Head Office, 2023 reductions from the 2019 baseline reached 12% in electricity, 24% in water, and 38% in waste.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2023
Language: English
Pages
File size

Reporting standards, commitments and assurance details are available with a free account.

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Materiality

Assessment
Basis

Assurance

Statement included

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