- Managing environmental and social risks in operations and credit business
- Transition risks from government ESG initiatives and geopolitical crises
- Maintaining strong compliance culture in a dynamic regulatory landscape
- Reducing carbon footprint across operations
Philippine Savings Bank
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Philippine Savings Bank disclosed greenhouse gas emissions of 3.8K tCO2e (Scope 1 & 2 combined). By scope: Scope 1: 68.30 tCO2e; Scope 2: 3.6K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.8K tCO2e (Scope 1 & 2 combined)
2023
Renewable Energy
100% (Head Office)
of total energy
Water Usage
63.2K m3
2023
Waste
247.92 tons
2023
Energy Use
15.8M KWH
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 68.30 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.6K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 3.8K tCO2e (Scope 1 & 2 combined) |
| 2022 | 3.8K tCO2e (Scope 2 2022) |
| 2020 | 12.3K tCO2e (Scope 1: 416 Scope 2: 4945 Scope 3: 7232 in 2019; reduced in 2020 due to pandemic) |
| 2019 | 12.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 100% renewable energy conversion of Head Office (March 2022)
- 40% renewable energy (solar) for Los Baños branch (September 2023)
- Reduced paper usage through digitalization of correspondences, statements, and PIN mailers
- Introduced asset screening process for refurbishment, repair, recycling, or upgrading, reducing non-hazardous waste and saving P1.5Mn from new asset acquisition.
- Reduced fuel consumption by 16.80% in 2023 compared to 2022
🎯 Climate & Sustainability Targets
🔜 Short-term
- Formalize energy management plan and further rationalize energy consumption (2024)
📅 Medium-term
- Expand capabilities for inclusive growth in social and environmental areas
🔭 Long-term
- Contribute to UN SDGs 8, 9, and 13 by 2030
🌱 ESG Focus Areas
Environmental SustainabilitySocial SustainabilityGood GovernanceSustainable Finance