Bank of the Philippine Islands is optimistic of more than doubling its loans for green energy projects in the next 10 years after disbursing P52.6 billion in loans from 2008 to 2018.
BPI has a total disbursement of more than P52.6 billion in loans for more than 300 energy efficiency, renewable energy and climate resiliency projects. About 20 percent of the loan disbursements were for Green Building projects.
“Definitely, the momentum for green building will grow much faster than regular loans,” said BPI head of sustainable energy finance Jo Ann Eala.
BPI said businesses that continue to fuel the growth of the real estate sector with their demand for buildings and office spaces could be more profitable by thinking green.
“Going green can be very profitable. It should be part of long-term planning not only for the environment, but also for businesses that want to be around for generations. Green building innovations generate notable savings in energy and water consumption, promote good health and well-being among employees, and lower operating and maintenance costs,” Eala said.