Lucio Tan-owned Philippine National Bank (PNB) continues to advance its sustainability agenda and digital transformation efforts through its partnership with Green GSM, the country's all-electric ride-hailing service, as reported by Philstar Biz .
The partnership underscores PNB's commitment to supporting green initiatives and reducing carbon emissions in the transportation sector. Green GSM operates a fleet of electric vehicles, offering an eco-friendly alternative to traditional ride-hailing services in the Philippines.
This move aligns with PNB's broader strategy to integrate environmental, social, and governance (ESG) criteria into its lending and investment decisions. The bank's backing provides Green GSM with financial stability as it seeks to expand its electric vehicle fleet and market presence.