- Climate change-related calamities, public health crises, and macroeconomic environment
- Cybersecurity/information security attacks, breaches, and fraud
- Financing support to sectors with elevated environmental risks
Rizal Commercial Banking Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Rizal Commercial Banking Corporation disclosed greenhouse gas emissions of 9.6K tonnes CO2e (Scope 2). By scope: Scope 1: 0 tonnes CO2e; Scope 2: 9.6K tonnes CO2e. 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
9.6K tonnes CO2e (Scope 2)
2023
Water Usage
140.7K cubic meters
2023
Waste
860.2K kg (RCBC Plaza and A.T. Yuchengco Centre)
2023
Energy Use
13.4M 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). | 0 tonnes CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.6K tonnes CO2e |
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 | 9.6K tonnes CO2e (Scope 2) |
| 2021 | 13.3K tonnes CO2e (Scope 2) |
| 2019 | 10 million tCO2e/year (avoided) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Phased out coal exposure by 2031 (initially disclosed in 2021 and reconfirmed in 2022)
- Increased RE portfolio by 37% versus December 2023 level by January 2024
- Financed over 18,000 projects under its eligible green and social portfolio amounting to nearly Php 100 billion
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase RE portfolio by 10% to 15% per annum in the next 12 to 24 months
🔭 Long-term
- Zero out remaining exposure to coal-fired power projects by 2031
🌱 ESG Focus Areas
Digital TransformationFinancial InclusionBusiness Continuity and Sustainable Finance