Climate Change Data

Bangko Sentral ng Pilipinas (BSP)

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Security
  • Hygiene

Environmental Achievements

  • Reduced greenhouse gas emissions by up to 53% in the production of banknotes (compared to paper banknotes)
  • Polymer banknotes last at least 2.5 times longer than paper banknotes, reducing the need for frequent replacement and associated environmental impact.
  • Polymer banknotes can be recycled to produce various products.

Social Achievements

  • Improved hygiene and reduced bacterial transmission due to the non-absorptive surface of polymer banknotes.
  • Reduced survival time of COVID-19 virus on polymer banknotes compared to paper banknotes.

Governance Achievements

  • Enhanced security features in polymer banknotes making them more difficult to counterfeit, leading to a significant reduction in counterfeiting cases in other countries.

Climate Goals & Targets

Environmental Challenges

  • Counterfeiting of banknotes
  • Need for sanitization of banknotes during the COVID-19 pandemic
  • Environmental impact of producing and disposing of paper banknotes
Mitigation Strategies
  • Introduction of 1000-Piso Polymer Banknotes with enhanced security features.
  • Polymer banknotes are more resistant to dirt, viruses, and bacteria, reducing the need for frequent sanitization.
  • Polymer banknotes are more durable and sustainable, reducing environmental impact.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • 1000-Piso Polymer Banknotes