Takes a disciplined, step-by-step approach to decarbonization while building its broader strategy
Security Bank has set a target to reduce Scope 1 and 2 emissions-intensity from its own operations by 62% by 2035, as it strengthens discipline in managing cost, efficiency, and long-term sustainability.
Announced in line with Earth Day 2026, the commitment focuses on the Bank’s Scope 1 and Scope 2 emissions, covering fuel and electricity use across the Bank’s nationwide network of offices and branches. The target is measured using an emissions intensity approach, expressed as tonnes of carbon dioxide equivalent (tCO₂e) per full-time employee. This ensures projected growth is accompanied by improved efficiency and lower carbon impact.
For financial institutions, the majority of emissions sit in the financed portfolio. Security Bank is taking a deliberate approach. It starts with what it directly controls, while continuing to build its broader portfolio decarbonization strategy.
“Climate action has to show up in how we operate day to day,” said Allen Reyes, CFO and Chairperson of the Bank’s Sustainability Committee. “This is about disciplined execution and exploring innovations that will reduce emissions while maintaining strong returns. Our actions today support a resilient and sustainable future.”
Since 2023, the Bank has been working with climate consultancy firm South Pole to establish an emissions baseline aligned with global standards. South Pole also evaluated practical emissions reduction pathways based on the Bank’s projected growth trajectory and planned interventions to inform its target-setting process.
“Credible climate action starts with clear baselines and achievable reduction pathways,” said Shruti Singh, Regional Director of South Pole Climate Advisory Asia Pacific. “We are proud to support Security Bank’s decarbonization journey focusing on implementation and measurable progress over time.”
To deliver on its commitment, Security Bank will accelerate initiatives across energy efficiency, renewable energy adoption, and more sustainable workplace practices, alongside efforts to strengthen data, governance, and accountability.
As expectations on climate rise, the Bank’s direction is clear. Start with what is within control. Execute with discipline. Build from there.