BPI named most sustainable bank

MANILA, Philippines - The Bank of the Philippine Islands (BPI) was recently awarded the country’s Most Sustainable Bank at the 2009 New Economy Sustainable Banking Awards. Launched in 2007, the New Economy is a thought leadership journal focused on sustainable business distributed to a readership of 90,000 institutional investors, CEOs of multinational companies, leading government think tanks and policy makers, as well as a large global newsstand distribution.

The awardees were selected for their outstanding success at one or more of the following: raising or committing capital to invest in innovative enterprises; generating substantial revenues in this challenging market; adopted transparency for sustainability practices, good working conditions and their implications; innovative product development, eco conservation; social responsible practice; micro finance; emerging markets best practice; and implementation of projects, reporting practices, consistent sustainable index rating and other national, regional and international initiatives.

BPI is the first bank in the Philippines to publish a sustainability report.