BDO Continues Forward with Its Commitment to Sustainable Financing

BDO Unibank Inc., the largest bank in the country, recently issued a statement reaffirming its commitment to continue its push for sustainable finance. In doing so, it will significantly allow public and private sectors to reach their goals of “cushioning the destructive effects of climate change.”

“BDO recognizes its critical role in contributing to a lower carbon economy through its financial resources, extensive operations, and network,” expressed Marla Garin-Alvarez, BDO Vice President for Sustainability.

“We are committed to promote environmentally-sound and climate-resilient practices to support our customers, communities, and the country.”

Garin-Alvarez likewise noted that BDO’s efforts in sustainable finance have developed through the years, furthering the scope of their initiatives. It now includes energy efficiency, climate-smart agriculture, green infrastructure, and clean transportation.

BDO is widely considered to be among the pioneers of promoting a green transition in terms of finances. In 2010, it launched the Sustainable Energy Finance Program for renewable energy and energy-efficiency projects. Later in 2017, the bank also became the first to offer green bonds in the country and in the East Asia Pacific region.

“In the Philippines, the local banking industry can leverage its resources and reach to hasten the transition towards a more sustainable future,” said BDO. “As a financial intermediary, banks have the opportunity to drive financial investments towards renewable energy or climate adaptation technologies and to provide expertise towards achieving sustainable economic and business models.”

Source: BusinessMirror