SUSTAINABLE ENERGY PROGRAM OUR BLEAK SITUATION RISING OIL PRICES HIGHER ENERGY COSTS ON A GLOBAL SCALE, DISTURBING WEATHER CONDITIONS, MORE CALAMITIES, DWINDLING RESOURCES CALLS FOR CONCERTED ACTION NEED TO INVOLVE EVERYONE PARTNERING WITH VARIOUS SECTORS/ AGENCIES IFC, WWF, BUSINESS GROUPS NEED FOR A CONTINUING AND INTEGRATED PROGRAM BANK OF THE PHILIPPINE ISLANDS SUSTAINABILITY PROGRAM TWO PRONGED APPROACH ENTERPRISE LEVELEMPLOYEE LEVEL ENTERPRISE LEVEL Energy management initiatives IFC and WWF partnerships Carbon footprint reduction Sustainability Working Group EMPLOYEE LEVEL I Get Involved, I Volunteer for the Environment (I-GIVE PROGRAM) Information dissemination to increase awareness level Employee volunteerism MEASUREMENT AND REPORTING SYSTEM SUSTAINABILITY REPORT CARBON REDUCTION GREEN FINANCING BPI - IFC PARTNERSHIP for Sustainable Energy Financing (January 2008) For energy efficiency development and renewable energy projects For energy efficiency development and renewable energy projects Targets private companies BPOs, hospitals, malls, schools, manufacturing plants, hotels and other commercial buildings Targets private companies BPOs, hospitals, malls, schools, manufacturing plants, hotels and other commercial buildings Provides free energy audit and access to technical consultants Provides free energy audit and access to technical consultants Promotes energy savings awareness Promotes energy savings awareness CHALLENGES TO THE INDUSTRY SUSTAINABLE ENERGY PROJECTS IN INFANCY STAGE, BUT HAS BIG POTENTIALSUSTAINABLE ENERGY PROJECTS IN INFANCY STAGE, BUT HAS BIG POTENTIAL SUPPORT/ INCENTIVES FOR SMEsSUPPORT/ INCENTIVES FOR SMEs SOME BANK LENDING POLICIES BASED ON TRACK RECORD OF BORROWERSOME BANK LENDING POLICIES BASED ON TRACK RECORD OF BORROWER NEED FOR GREATER INDUSTRY AWARENESS ON ENVIRONMENTAL BENEFITSNEED FOR GREATER INDUSTRY AWARENESS ON ENVIRONMENTAL BENEFITS CAPACITY BUILDING OF ACCOUNT OFFICERSCAPACITY BUILDING OF ACCOUNT OFFICERS SUMMARY GREEN FINANCING WORKS!GREEN FINANCING WORKS! BUT NEEDS SUPPORT TO RAISE INDUSTRY LEVEL AWARENESSBUT NEEDS SUPPORT TO RAISE INDUSTRY LEVEL AWARENESS ALSO NEEDS TO INCREASE INDUSTRY AWARENESS ON CLIMATE CHANGE MITIGATION EFFORTSALSO NEEDS TO INCREASE INDUSTRY AWARENESS ON CLIMATE CHANGE MITIGATION EFFORTS SHOULD SHOWCASE SUCCESS STORIES THAT CAN SERVE AS MODELSSHOULD SHOWCASE SUCCESS STORIES THAT CAN SERVE AS MODELS Thank You!