Green financing with BPI

Until recently, environmental consciousness has been deemed incompatible with the profit motive of companies. A growing number of enlightened businessmen know better now.

Green businesses that care about greenhouse gas emissions and the environment can be more profitable than those that care about profits alone.

It used to be that going green entailed working with environmental experts and tech providers, but they’re not the only ones advocating this green movement. Banks are taking on a more active role, too.

Eric Luchangco, Head of Corporate Credit of Bank of the Philippine Islands (BPI), said,

“Green initiatives not only help the environment, and therefore help protect our investments from the disruptive impact of climate change, they can also improve business profitability.

Businesses that make sustainability and climate resilience part of their long-term planning can reap economic benefits.”

BPI, through its Sustainable Energy Finance (SEF) program, has been urging companies to cut their carbon footprint and go green since 2008. The Bank has helped companies by

providing financing for projects involving renewable energy, energy efficiency, and climate resilience.

Energy-efficient initiatives alone can help businesses lower electricity bills by 30 percent or more. BPI can help identify opportunities for energy savings by determining the appropriate technologies as well as evaluating vendors, suppliers, integrators, and their proposals. There isfree evaluation of project feasibility studies to validate savings and production projections.