Welcome
A Sustainable Banking
As we now envision sustainable banking on all fronts, we seek to embed environmental and social sustainability principles in how we do banking.
Our Commitment to Sustainability
Porac Bank’s advocates the following strategies towards sustainable banking:
• Inclusion of commitment to environmental and social protection in the way we do banking
• Greening the Internal Operation thru Solar Panel Powered Branches and Head Office • Advocating Clean energy by financing Solar Panel Installation for clients and employees via Sustainability and Energy Savings Loan
• Greening the Credit Delivery/Lending, Operational and Investment activities thru the conduct of Environmental/Social Due Diligence
• Transitioning to Digital Transformation
• Promote Human Capital Sustainability Partnering and establishing linkages with relevant organizations on Environmental Management to empower the communities we serve
• Publishing an Annual Sustainability Report thru the Bank’s Annual Report.
• Greening the Internal Operation thru Solar Panel Powered Branches and Head Office • Advocating Clean energy by financing Solar Panel Installation for clients and employees via Sustainability and Energy Savings Loan
• Greening the Credit Delivery/Lending, Operational and Investment activities thru the conduct of Environmental/Social Due Diligence
• Transitioning to Digital Transformation
• Promote Human Capital Sustainability Partnering and establishing linkages with relevant organizations on Environmental Management to empower the communities we serve
• Publishing an Annual Sustainability Report thru the Bank’s Annual Report.
Our Contribution to UNSDG
2022 was the year when we reinforced our plans in establishing the blueprint for sustainable banking. With our board-approved Sustainable Finance Framework, we were able to kick-in our sustainability initiatives and made significant strides in this area.
1. We have established a Sustainable Finance Working group that will create the bank’s Environmental and Social Risk Management System until 2023. This framework shall govern how we manage environmental and social risks associated with our banking operations.
2. We pioneered the launching of the “Sustainability and Energy Savings (SES) Loan”- an additional loan product intended to finance the cost of Solar PV system installation in the house or commercial establishment owned or occupied by our borrowers. With this, we aim to support economic growth and provide lasting benefit for both our clients and society while reducing pressure to the environment.
3. We have achieved another sustainability milestone and give back to the community when we entered into a tripartite agreement between Porac Bank, ARAW-ACI and KAAPKA to adopt a 1-hectare land and undertake reforestation and watershed protection program in Sapang Bato, Angeles City. Through this initiative, we will not just contribute to the conservation, development and rehabilitation of the Angeles watershed but will also be able to help indigenous Aetas in Barangay Sapang Bato..
Embracing Workforce Diversity
2022 was the year when we reinforced our plans in establishing the blueprint for sustainable banking. With our board-approved Sustainable Finance Framework, we were able to kick-in our sustainability initiatives and made significant strides in this area.
In today's ever-evolving world, the banking industry stands at the forefront of progress and change. As we navigate the challenges and opportunities of the modern era, it becomes increasingly evident that a diverse and inclusive workforce is not just a moral imperative but a strategic advantage. With this in mind, we delve into the significance of workforce diversity and gender equality within a bank, highlighting how these values drive innovation, foster better decision-making, and ultimately lead to long-term success.
Promoting gender equality and diversity at Porac Bank goes beyond hiring practices; it also involves creating an inclusive workplace culture that values and supports all employees. An inclusive environment fosters a sense of belonging, where employees feel comfortable and empowered to contribute their best. It nurtures the growth and development of talent from all backgrounds and ensures that each individual has equal opportunities for career advancement. By creating a level playing field, the bank can attract and retain top talent, enabling it to remain competitive and thrive in the long run.
We believe that by valuing and nurturing a diverse workforce, the bank can harness a range of perspectives, enhance decision-making, better serve their diverse customer base, and create an inclusive environment that empowers and retains top talent. As we look towards the future, it is imperative for banks to recognize the importance of diversity and equality, not only as a moral obligation but as a catalyst for growth, innovation, and long-term success in the ever-changing financial landscape.
