Philippine Savings Bank 2023 AR2
The report highlights Philippine Savings Bank's (PSBank) financial and sustainability performance for the fiscal year 2023. The bank achieved a record-high net income of PHP 4.53 billion, representing a 23% growth from the previous year. On the sustainability front, PSBank successfully transitioned 100% of its Head Office energy consumption to renewable sources and energized its first solar-powered branch in Los Baños. Additionally, the bank implemented circularity in its operations by refurbishing assets, resulting in waste reduction and cost savings. PSBank also advanced its digital transformation with the launch of the paperless Green PIN project and electronic statements of account to reduce paper consumption.
Company: Philippine Savings Bank
Sector: Financials
Country: Philippines
Year: 2023
Type: AR2
Pages: 33
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Philippine Savings Bank
Annual Report
The report highlights Philippine Savings Bank's (PSBank) financial and sustainability performance for the fiscal year 2023. The bank achieved a record-high net income of PHP 4.53 billion, representing a 23% growth from the previous year. On the sustainability front, PSBank successfully transitioned 100% of its Head Office energy consumption to renewable sources and energized its first solar-powered branch in Los Baños. Additionally, the bank implemented circularity in its operations by refurbishing assets, resulting in waste reduction and cost savings. PSBank also advanced its digital transformation with the launch of the paperless Green PIN project and electronic statements of account to reduce paper consumption.
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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
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees