Showing posts with label BPI. Show all posts
Showing posts with label BPI. Show all posts

June 23, 2024

Bank of Philippine Islands and RCBC reducing exposure to fossil (coal) fired power plants

Savings from oil and coal importation

Quite remarkable move by these two banks to reduce emission stop globall warming and promote sustainability    


Apart from RCBC and Bank of the Philippine Islands (BPI), which just last April announced plans to bring down its coal exposure by half in 2026 and to zero by 2037, no other local bank has followed suit or made public pronouncements. The momentum at the global level is high, but not so much at the local level.Jun 29, 2021



This too bad for Semirara and other local coal companies.  SID and DMCI had had their days.  God bless



October 29, 2013

Bank of Philippine Islands goes solar

Savings from oil and coal importation


From Philstar - Bank of Phil Islands goes solar

The Bank of Philippine Islands will go into solar energy source for its 400 branches nationwide under a P160 million BOT project with Solarus partner.  Each branch will be equipped with 5 kWp at an average cost of P400,000 each.  It would be first of its kind for a bank in the PHL.  Half of its electrical consumption would be saved from the solar panel installation

Right now BPI has entered into an energy efficiency contract with Cofely and its P71 million investment in a chiller plant has yielded  P1 million a month savings

 Executive Director Florendo Maranan, who also heads the Sustainability office that this is kick off for BPI into green technology.  Other projects include:  LED signage, inverter aircon, rainwater harvesting.

We are glad BPI, a large corporation is into this.  It can exert a lot of influence for people to be aware and embrace green technology.  My experience, is that it takes a lot of doing to convince people to embrace this new technology and to work towards:   lessening power consumption to decrease carbon emission so that there will be less severe climate change

We at Bereavement Providers Inc (also BPI) are working on 1.  a solar panel project in Holy Gardens Greenhills in Calamba City, and LED lighting for three Holy Gardens:  Pangasinan,  Oton, Calamba City.  Holy Angels Memorial Park in Morong has adopted the LED lighting too