RCBC 2023 Sustainability and Impact Report Video

For over 60 years, Rizal Commercial Banking Corporation (RCBC) has been a pillar of the banking industry in the Philippines, offering a wide range of products and services, including investments, microfinancing, and overseas remittances. As one of the leading banks in the Philippines, RCBC — plays a key role in the fight against climate change.

Since the Bank began its sustainability journey more than a decade ago, it continues to step up and lead the way.

For the second consecutive year, RCBC has combined its Sustainability Report and Impact Report into one publication, signaling the Bank’s collective commitment to making sustainability, and its diverse aspects, a core part of its business strategy. The 2023 Sustainability and Impact Report video highlights these significant milestones:

1. Artificial Intelligence (AI)-backed Innovation and Transformation through the launch of RCBC Pulz and AI digital landscape training for the Bank’s Senior Leaders

2. Strengthened Advocacy in Sustainable Finance by laying the groundwork for updating the Bank’s Sustainable Finance Framework, culminating in the publication of an enhanced Sustainable Finance Framework in February 2024

3. Transparency in Climate Risk Management through continuing compliance with the financed greenhouse gas (GHG) emissions disclosure requirements of the Partnership for Carbon Accounting Financials (PCAF), where the Bank continues to be the sole Philippine bank signatory

4. Fortified Business Resilience through the inauguration of a newly constructed alternate site, serving as the Bank’s and its subsidiaries’ backup for critical functions in case the primary office in Metro Manila becomes inaccessible or unsafe

The Impact Report portion of the video highlights the impacts of the projects financed/refinanced by RCBC through its sustainable financing instruments (SFIs). Toward the end, the video effectively emphasizes RCBC’s effort to champion its advocacy by partnering with civic organizations. RCBC’s sustainability journey is anchored in good governance, with a dedication to achieving broad and lasting impact through concerted efforts.