Bank of Commerce 2023 AR2
The report highlights Bank of Commerce's record-breaking financial performance in 2023, achieving a net profit of Php 2.8 billion, a 56% increase from the previous year. It outlines the bank's digital transformation milestones, including the modernization of its core banking system with Infosys Finacle and the complete re-fleeting of its ATM network. The report also details the bank's Environmental, Social, and Governance (ESG) initiatives, such as calculating its Scope 1 and Scope 2 greenhouse gas emissions for the first time and implementing a supplier sustainability questionnaire. Additionally, it showcases community development efforts, including coastal clean-ups, reforestation activities, and financial literacy programs that reached nearly 2,000 individuals.
Company: Bank of Commerce
Sector: Financials
Country: Philippines
Year: 2023
Type: AR2
Pages: 280
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Bank of Commerce
Annual Report
The report highlights Bank of Commerce's record-breaking financial performance in 2023, achieving a net profit of Php 2.8 billion, a 56% increase from the previous year. It outlines the bank's digital transformation milestones, including the modernization of its core banking system with Infosys Finacle and the complete re-fleeting of its ATM network. The report also details the bank's Environmental, Social, and Governance (ESG) initiatives, such as calculating its Scope 1 and Scope 2 greenhouse gas emissions for the first time and implementing a supplier sustainability questionnaire. Additionally, it showcases community development efforts, including coastal clean-ups, reforestation activities, and financial literacy programs that reached nearly 2,000 individuals.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Water Consumption
Women on Board
Women in Management
Employees