BDO to Expand Its Sustainable Finance Initiatives

BDO Unibank has recently partnered with other leading banks in Asia as it boosts its efforts to in advancing energy transition finance to attain a “just and orderly transition”  towards a more sustainable future.

As the biggest bank in the Philippines, they believe that their sustainability journey would be more gradual as compared to other banks on the international scale such as the US and Europe.

BDO says that it will keep expanding its sustainable finance initiatives which have been in place since 2010. This is geared toward funding new renewable energy projects to boost their capacity and advocate for the Philippines’ reduction in greenhouse gas emissions.

With the guidance of the publication of the Asia Transition Finance (ATF) guidelines plus the Asia transition finance activity report, BDO and its associates continue to help other Asian countries reach a more sustainable future.

BDO is part of the AFT study group that created the guidelines with the Asian version of transition finance in mind. Their version is more attainable and realistic for countries in Asia. These reports were also made after month-long discussions from the core bankers, development banks, finance associations, export credit agencies, and public agencies.

The ATF study group was led by the MUFG Bank of Japan and was established in light of the important role that transition finance plans in aiding economies in Asia slowly inch to net-zero emission and the challenges.

Source: Philstar