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Economic Sustainability

Sustainability Journey

Sustainability at Metrobank 2022

Sustainable Finance

As one of the country’s largest banks and allocators of capital, Metrobank creates an impact that extends beyond providing meaningful banking to the markets we serve. We also play a key role in allocating finances for the functioning of the economy, mobilizing resources to support national development and the attainment of the United Nations SDGs.

Subsidiaries' Contributions

**SDGs 2, 8, 9, and 4:** Philippine Savings Bank (PSBank) offered reasonable payment restructuring terms of about PHP7 billion in business loans.

**SDGs 1, 2, 8, 9, and 10:** ORIX METRO Leasing and Finance Corporation (ORIX METRO) extended loans amounting to over PHP11 billion to help MSMEs, and leased vehicles and equipment to clients in agriculture and infrastructure sectors.

**SDGs 3, 4, 7, 8, 9, 11, and 17:** First Metro Investment Corp. (First Metro) helped the National Government and various corporations raise over PHP1 trillion in capital. It was one of the joint issue managers and selling agents for two Retail Treasury Bond (RTB) issues amounting to PHP878 billion. First Metro also enabled various corporations to raise over PHP162 billion in corporate bond issuances to fuel their growth.

Economic Performance

Our biggest economic contribution is to prudently manage the money of our stakeholders and equip them with the right financial tools.

In 2022, the Parent Bank (Metrobank) made the following economic contributions:

Procurement Practices

We carefully select our suppliers and contractors via our BSP-compliant accreditation/re-accreditation process. We require vendors to secure Environmental Compliance Certificates for projects that may impact the environment.

We conduct canvassing and bidding to secure the best deals for the Bank.

Our business units are guided by our Outsourcing Policy, which follows BSP regulations.
We also secure certifications from relevant government agencies to make sure our manpower services providers are legitimate and in good standing with the Social Security System, Pag-IBIG Fund, and PhilHealth in payments and contributions.

Our procurement team continuously expands our network of reliable vendors, including backup vendors in case of extreme exigencies. We see to it that their payments are promptly settled.

Every year, we evaluate our vendors to determine whether contractual agreements will be renewed or terminated.

We prioritize working with local suppliers. As such, the ratio of our procurement spending on local vendors increased to 94% in 2022 to 82% in 2021.

We work with experts to align our practices with industry benchmarks in supply chain management. For instance, we are acquiring a new Procurement and Vendor Management System, which provides better analytics and makes it easy to integrate third-party risk management.

Tax Strategy

Our provision for income tax increased to PHP9.0 billion in 2022 from PHP5.8 billion in 2021. Disclosures related to taxes of the Bank are found in Notes 28 and 38 of the Audited Financial Statements.

Economic Sustainability

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