Rizal Commercial Banking Corp 2020 SR
The report highlights RCBC's commitment to sustainable finance, notably announcing a moratorium on financing new coal-fired power projects in the Philippines. In 2020, the bank achieved an MSCI ESG rating upgrade to 'AA,' placing it in the 'Leader' category. RCBC played a crucial role in financial inclusion during the pandemic through digital platforms like DiskarTech and ATM Go, facilitating the distribution of government social amelioration funds. The bank also strengthened its Sustainable Finance Framework, raising significant funds through sustainability bonds to refinance green and social assets.
Company: Rizal Commercial Banking Corp
Sector: Financials
Country: Philippines
Year: 2020
Type: SR
Pages: 124
Back to company
Rizal Commercial Banking Corp
Sustainability Report
The report highlights RCBC's commitment to sustainable finance, notably announcing a moratorium on financing new coal-fired power projects in the Philippines. In 2020, the bank achieved an MSCI ESG rating upgrade to 'AA,' placing it in the 'Leader' category. RCBC played a crucial role in financial inclusion during the pandemic through digital platforms like DiskarTech and ATM Go, facilitating the distribution of government social amelioration funds. The bank also strengthened its Sustainable Finance Framework, raising significant funds through sustainability bonds to refinance green and social assets.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Renewable Energy
Water Consumption
Total Waste
Workplace Fatalities
Employees