Security Bank Becomes the first PHL Bank to Join the Alliance for Green Commercial Banks

Security Bank is the first bank in the Philippines to join the Alliance for Green Commercial Banks, a global initiative of the International Finance Corporation (IFC). This milestone marks a significant step in the Bank’s journey to accelerate its sustainability agenda and shape a low-carbon future for the Philippine financial sector

The Alliance is an accelerator of green commercial banking in emerging markets. It is a global initiative designed and managed by the IFC, which is a member of the World Bank Group. It serves as a by-invitation membership platform that brings together commercial banks in emerging markets with global financial institutions and key industry leaders to accelerate green banking through peer-to-peer knowledge exchange, thought leadership, and community building. The Alliance’s first regional chapter was established in Asia, with the Hong Kong Monetary Authority serving as the regional anchor, Cornerstone Banks are Bank of China (Hong Kong), Citi, Crédit Agricole CIB, HSBC, and Standard Chartered The Alliance promotes peer learning, innovation, and global knowledge exchange to address climate opportunities and risks to advance green finance.

“Security Bank is proud to be the first Philippine bank to join the Alliance for Green Commercial Banks,” said Eduardo Olbes, EVP and Chief Financial Officer of Security Bank. “This membership aligns with our vision to be the best-in-class in sustainable banking in the Philippines. Through the Alliance, we gain access to a global network of expertise that will help us enhance our ability to lead change within the Philippine banking industry and contribute meaningfully to the sustainable development goals.”

In March 2025, the Bank joined the Alliance’s inaugural flagship event—the Excellence in Green Commercial Banking Immersion Lab—in Hong Kong. The event convened member banks from the Philippines, Thailand, and Vietnam, fostering cross-border collaboration in advancing sustainable finance across Southeast Asia.

“Security Bank’s membership in the Alliance signals a powerful commitment from the Philippine banking sector to drive sustainable finance forward,” said Carlos Serrano, Head of Secretariat of the Alliance. “The Philippines has immense potential for sustainable innovation. Security Bank’s leadership sends a strong signal that Philippine banks are ready to play a central role in shaping a greener, more resilient financial future—not only at home, but across the region.”

Security Bank’s membership reinforces its position as a sustainability-driven financial institution, committed to enriching lives, empowering businesses, and building communities sustainably through financial service excellence, while supporting the global climate agenda.