SUSTAINABLE ENERGY PROGRAM

SUSTAINABLE ENERGY PROGRAM

OUR BLEAK SITUATION…• RISING OIL PRICES• HIGHER ENERGY COSTS • ON A GLOBAL SCALE, DISTURBING WEATHER

CONDITIONS, MORE CALAMITIES, DWINDLING RESOURCES

…CALLS FOR CONCERTED ACTION• NEED TO INVOLVE EVERYONE• PARTNERING WITH VARIOUS SECTORS/ AGENCIES –

IFC, WWF, BUSINESS GROUPS• NEED FOR A CONTINUING AND INTEGRATED

PROGRAM

BANK OF THE PHILIPPINE ISLANDSBANK OF THE PHILIPPINE ISLANDSSUSTAINABILITY PROGRAMSUSTAINABILITY PROGRAM

TWO PRONGED TWO PRONGED APPROACHAPPROACH

ENTERPRISE LEVEL EMPLOYEE LEVEL

ENTERPRISE LEVEL• Energy management initiatives

• IFC and WWF partnerships

• Carbon footprint reduction

• Sustainability Working Group

EMPLOYEE LEVEL• I Get Involved, I Volunteer for the Environment (I-GIVE PROGRAM)

• Information dissemination to increase awareness level

• Employee volunteerism

MEASUREMENT AND REPORTING SYSTEM SUSTAINABILITY REPORT

CARBON REDUCTION

GREEN FINANCINGGREEN FINANCINGBPI - IFC PARTNERSHIP for Sustainable Energy BPI - IFC PARTNERSHIP for Sustainable Energy

Financing (January 2008)Financing (January 2008) For energy efficiency development and renewable For energy efficiency development and renewable

energy projectsenergy projects Targets private companies – BPOs, hospitals, Targets private companies – BPOs, hospitals,

malls, schools, manufacturing plants, hotels and malls, schools, manufacturing plants, hotels and other commercial buildingsother commercial buildings

Provides free energy audit and access to technical Provides free energy audit and access to technical consultantsconsultants

Promotes energy savings awarenessPromotes energy savings awareness

CHALLENGES TO THE INDUSTRYCHALLENGES TO THE INDUSTRY

• SUSTAINABLE ENERGY PROJECTS IN INFANCY SUSTAINABLE ENERGY PROJECTS IN INFANCY STAGE, BUT HAS BIG POTENTIALSTAGE, BUT HAS BIG POTENTIAL

• SUPPORT/ INCENTIVES FOR SMEsSUPPORT/ INCENTIVES FOR SMEs• SOME BANK LENDING POLICIES BASED ON TRACK SOME BANK LENDING POLICIES BASED ON TRACK

RECORD OF BORROWERRECORD OF BORROWER• NEED FOR GREATER INDUSTRY AWARENESS ON NEED FOR GREATER INDUSTRY AWARENESS ON

ENVIRONMENTAL BENEFITSENVIRONMENTAL BENEFITS• CAPACITY BUILDING OF ACCOUNT OFFICERSCAPACITY BUILDING OF ACCOUNT OFFICERS

SUMMARYSUMMARY

• GREEN FINANCING WORKS!GREEN FINANCING WORKS!• BUT NEEDS SUPPORT TO RAISE INDUSTRY BUT NEEDS SUPPORT TO RAISE INDUSTRY

LEVEL AWARENESSLEVEL AWARENESS• ALSO NEEDS TO INCREASE INDUSTRY ALSO NEEDS TO INCREASE INDUSTRY

AWARENESS ON CLIMATE CHANGE AWARENESS ON CLIMATE CHANGE MITIGATION EFFORTSMITIGATION EFFORTS

• SHOULD SHOWCASE SUCCESS STORIES SHOULD SHOWCASE SUCCESS STORIES THAT CAN SERVE AS MODELSTHAT CAN SERVE AS MODELS

Thank You!Thank You!