5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

BPI pioneers use of Retail Aggregation Program, powers branches with clean energy

by
May 12, 2025
in Stock
0
BPI pioneers use of Retail Aggregation Program, powers branches with clean energy
BPI’s Legazpi Salcedo Branch will be one of the 70 branches powered by renewable energy.

Reinforcing its position as a leader in sustainable banking, the Bank of the Philippine Islands (BPI) has become the first bank in the Philippines to adopt the Retail Aggregation Program (RAP), transitioning 70 of its branches to renewable energy through a strategic partnership with ACEN Renewable Energy Solutions (ACEN RES).

Spearheaded by the Department of Energy, the RAP enables multiple electricity end-users to combine their power requirements to reach the 500-kilowatt threshold needed to directly negotiate energy supply contracts with licensed retail electricity suppliers. The program fosters competitive pricing and gives businesses the flexibility to choose renewable energy sources.

“We are proud to mark another milestone for BPI as the first bank in the Philippines to access the Retail Aggregation Program. This initiative reinforces our long-standing commitment to sustainability and innovation, from being pioneers in sustainable financing as early as 2008 to securing EDGE certifications for our branches,” said Eric Luchangco, BPI Chief Finance Officer and Chief Sustainability Officer.

“Our partnership with ACEN RES, along with the support of key stakeholders, enables us to lead by example in the transition to renewable energy. This is not just a one-time achievement, but another step forward in our journey toward building a more sustainable and inclusive Philippines,” Luchangco added.

Measurable impact on sustainability

Further advancing its green operations, BPI will be shifting its Binondo Corporate Office in Manila to renewable energy through the Green Energy Option Program (GEOP)—a government initiative that allows end-users with a monthly average peak demand of at least 100 kW to source electricity exclusively from renewable sources. The Binondo office will be the fourth BPI corporate building to fully transition to clean energy, following BPI Buendia Center, BPI Consumer Center, and BPI Operations Center.

BPI’s adoption of RAP will cover approximately 263,000 kWh per month for 70 branches, while the Bank’s adoption of GEOP will supply around 110,000 kWh per month for the Binondo office. Combined, these programs are projected to reduce carbon emissions by 172.3 metric tons each month—on top of the 515 metric tons of carbon emissions reduced from 786,294 kWh per month already sourced from renewable energy by BPI’s three other green-powered offices.

Scaling up green operations

Looking ahead, BPI plans to expand its use of renewable energy across more branches and facilities, aiming to convert to renewable use all eligible sites under either the RAP or GEOP. This expansion is a key component of BPI’s roadmap toward fully sustainable operations, all in support of its mission to help build a better Philippines—one family, one community at a time.

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Previous Post

Ben&Ben preps for world tour

Next Post

DragonFi pushes for better retirement plans for Filipinos

Next Post
DragonFi pushes for better retirement plans for Filipinos

DragonFi pushes for better retirement plans for Filipinos

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Gov’t open to seasonal tariffs for rice

    Gov’t open to seasonal tariffs for rice

    May 13, 2025
    Meralco power rates down in May

    Meralco power rates down in May

    May 13, 2025
    Business groups call on new lawmakers to pass key measures

    Business groups call on new lawmakers to pass key measures

    May 13, 2025
    Ayala Corp. posts P12.6-B Q1 profit as power, telco segments weaken

    Ayala Corp. posts P12.6-B Q1 profit as power, telco segments weaken

    May 13, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.