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SUSTAINABLE ENERGY PROGRAM

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

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SUSTAINABLE ENERGY PROGRAM

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  1. SUSTAINABLE ENERGY PROGRAM

  2. 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

  3. BANK OF THE PHILIPPINE ISLANDSSUSTAINABILITY PROGRAM TWO PRONGED APPROACH • EMPLOYEE LEVEL • I Get Involved, I Volunteer for the Environment (I-GIVE PROGRAM) • Information dissemination to increase awareness level • Employee volunteerism • ENTERPRISE LEVEL • Energy management initiatives • IFC and WWF partnerships • Carbon footprint reduction • Sustainability Working Group ENTERPRISE LEVEL EMPLOYEE LEVEL MEASUREMENT AND REPORTING SYSTEM  SUSTAINABILITY REPORT CARBON REDUCTION

  4. GREEN FINANCING BPI - IFC PARTNERSHIP for Sustainable Energy Financing (January 2008) • For energy efficiency development and renewable energy projects • Targets private companies – BPOs, hospitals, malls, schools, manufacturing plants, hotels and other commercial buildings • Provides free energy audit and access to technical consultants • Promotes energy savings awareness

  5. CHALLENGES TO THE INDUSTRY • SUSTAINABLE ENERGY PROJECTS IN INFANCY STAGE, BUT HAS BIG POTENTIAL • SUPPORT/ INCENTIVES FOR SMEs • SOME BANK LENDING POLICIES BASED ON TRACK RECORD OF BORROWER • NEED FOR GREATER INDUSTRY AWARENESS ON ENVIRONMENTAL BENEFITS • CAPACITY BUILDING OF ACCOUNT OFFICERS

  6. SUMMARY • GREEN FINANCING WORKS! • BUT NEEDS SUPPORT TO RAISE INDUSTRY LEVEL AWARENESS • ALSO NEEDS TO INCREASE INDUSTRY AWARENESS ON CLIMATE CHANGE MITIGATION EFFORTS • SHOULD SHOWCASE SUCCESS STORIES THAT CAN SERVE AS MODELS

  7. Thank You!

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