Rizal Commercial Banking Corp 2021 SR
The report highlights RCBC's commitment to sustainable finance, notably being the first Philippine universal bank to cease funding new coal power plants. In 2021, the bank successfully issued a Php17.87 billion ASEAN Sustainability Bond and saw its sustainable portfolio grow to 12% of its total loan portfolio. RCBC accelerated its digital transformation through platforms like DiskarTech and ATM Go to promote financial inclusion for the unbanked. The bank also joined the Partnership for Carbon Accounting Financials (PCAF) and utilized the PACTA tool to align its portfolio with the Paris Agreement.
Company: Rizal Commercial Banking Corp
Sector: Financials
Country: Philippines
Year: 2021
Type: SR
Pages: 95
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Rizal Commercial Banking Corp
Sustainability Report
The report highlights RCBC's commitment to sustainable finance, notably being the first Philippine universal bank to cease funding new coal power plants. In 2021, the bank successfully issued a Php17.87 billion ASEAN Sustainability Bond and saw its sustainable portfolio grow to 12% of its total loan portfolio. RCBC accelerated its digital transformation through platforms like DiskarTech and ATM Go to promote financial inclusion for the unbanked. The bank also joined the Partnership for Carbon Accounting Financials (PCAF) and utilized the PACTA tool to align its portfolio with the Paris Agreement.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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