The Bank of the Philippine Islands (BPI) was recognized as the Top CSR Advocate in Asia by the Asia Corporate Excecllence and Sustainability (ACES) Awards last October 11, 2018 at Fairmont Hotel Singapore.
BPI, the first and oldest private bank in the country and Southeast Asia, has always placed great value in contributing to the economic development in the country, and has always felt a strong belief in nation building. More than being a financial institution, BPI has pursued a strategy aimed at balanced growth for all stakeholders: from shareholders, customers, and employees, to partners and communities.
Over the past 40 years, BPI, through its corporate social responsibility arm, BPI Foundation, has been a solid partner in nation building to many institutions and a catalyst of social innovations for development.
BPI Foundation’s primary goal is to improve the lives of Filipinos through its core pillars, namely, Financial Education, Entrepreneurial Development, Sustainable Environment, and Employee Engagement. These core pillars are geared towards sustainable economic development goals that are based on the United Nations’ Sustainable Development Goals (SDGs). These support the national development agenda and help improve the lives of marginalized sectors. Each of the bank’s CSR initiatives build on an integrated ecosystem that aims to change how people become financially healthy.
BPI Foundation’s social entrepreneurship programmes are designed to identify and train social entrepreneurs, mainly micro, small, medium entrepreneurs (MSMEs) to accelerate their businesses. BPI Foundation collaborates with the Department of Trade and Industry (DTI) to reach the MSME community, and offer training programmes to help these entrepreneurs enhance their products and business operations. In 2017, 949 micro entrepreneurs and 56 social entrepreneurs from various industries received skills training in food, handicraft, fashion, ecotourism, and arts and culture across the country.
To promote financial inclusion and financial security in the communities, BPI Foundation's financial education programmes reach out to various segments to educate them in personal financial management. The Foundation has partnered with YGOAL Inc. for financial education for the youth. In 2017, BPI’s financial education programme helped over 97,378 grade school and senior high school students from public schools, 6,328 teachers, and 1,060 migrant workers in Hong Kong and 250 families in making better financial decisions and practices.
BPI Foundation ensures that while these programmes drive economic growth, these innovations are driven not just by financial wellness, but also by environmental sustainability and stewardship. As of 2017, the Foundation partnered with WWF Philippines, MUAD Negros and Hinebalan Foundation to help 15 agrarian reform cooperatives and 20 indigenous families/farmers in implementing good farming practices and sustainable agriculture.
The culture of nation-building is evident in BPI's various volunteer projects and drives that unibankers have supported throughout the decades. Almost half of our workforce has helped in education, environment and entrepreneurship building initiatives, magnifying and supporting BPI and BPI Foundation’s mission. In 2017, over 10,800 employees of BPI's workforce contributed personal time for community projects through BPI BAYAN. As of last year, the BPI Social Immersion Lab (SoIL) had a total of 31 BPI officers assisting farmer cooperatives in different locations in the areas of financial planning, business development, and crop-related financing. These extensive programmes over the years have empowered communities to create prosperity for themselves and extend equal access to opportunities.