BDO Unibank Inc. (BDO) released its first Asean Sustainability Bond Impact Report outlining the environmental and social performance of financed projects from its 1st Asean Sustainability Bond issued in 2022.
BDO’s first Asean Sustainability Bond successfully raised P52.7 billion for the Peso-denominated Fixed-Rate bond, which was well subscribed by both retail and institutional investors.
Proceeds of the first Asean Sustainability Bond financed 28 projects that supported the expansion of renewable energy sources which reduced greenhouse gas emissions, creation of sustainable infrastructure through construction or retrofitting of green buildings, and promotion of water conservation through enhancement of wastewater treatment facilities.
The bond proceeds also financed critical programs that generated employment. BDO provided loans for 488,450 Micro, Small and Medium Enterprises (MSMEs) and funded activities which helped create or retain 70,655 jobs, especially for displaced, underprivileged, and unemployed Filipinos.
BDO remains committed to a sustainable future by providing financial support to initiatives that create opportunities, uplift the lives of Filipinos and help contribute to the nation’s progress while transitioning to a low carbon, environmentally responsible, and socially inclusive economy.
The Asean Sustainability Bond Impact Report was prepared following the Asean Guidelines on Sustainability Bond Standards, International Capital Market Association (ICMA), Harmonized Framework for Impact Reporting, and aligned with the United Nations Sustainable Development Goals (SDGs) targets and the BDO Sustainable Finance Framework.
BDO is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services.
BDO has the country’s largest distribution network, with over 1,700 consolidated operating branches and more than 4,800 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.
The bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.
BDO is ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2023.
