At the Climate Convergence Forum, Nestor V. Tan, President and CEO of BDO Unibank, underscored the bank’s crucial role in effectively connecting the increasing supply of capital from the sustainable investment community to meet the rising demand for sustainable financing.
“We remain committed to our sustainability philosophy as we continue to ingrain sustainability in all aspects of the business while transitioning to a low-carbon economy,” said Tan.
As a pioneer in sustainable financing, BDO aims to lead by example in promoting sustainability in the financial sector and among its clients.
BDO’s Green Bond and Blue Bond issuances were the first among financial institutions and have set benchmarks in corporate sustainable financing within the country and the broader Southeast Asian region. The Bank’s ASEAN Sustainability Bond issuances have both set records as the largest issuance for any Philippine financial institution or company at P52.7 billion in 2022 and P63.3 billion in 2024. BDO concluded its third ASEAN Sustainable Bond issuance last July 16, 2024, at P55.7 billion.
Nestor V. Tan, President and CEO of BDO Unibank, shares how BDO’s sustainable finance initiatives help drive the country’s transition to a sustainable economy at the SGV Knowledge Institute event, “Climate Convergence: Actions toward a Resilient Future.”
Proceeds from BDO’s sustainable financing instruments funded projects spanning renewable energy, green infrastructure, clean transportation, resource efficiency, and pollution control, sustainable management of natural resources, sustainable water and wastewater management, employment generation, women entrepreneurship, and food security, among other critical areas. These are all projects eligible under the BDO Sustainable Finance Framework for Green, Blue, Sustainable, Social, and Gender financing.
The Climate Convergence: Actions toward a Resilient Future event, organized by SGV & Co.’s Knowledge Institute, sought to deepen understanding of climate risks and their implications to business operations while fostering knowledge exchange to address the challenges posed by the climate crisis. The event also aimed to acknowledge innovative business practices driving resilience and sustainability across industries.
ABOUT BDO UNIBANK, INC.
BDO is a full-service universal bank that provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.
BDO has the country’s largest distribution network, with over 1,700 consolidated operating branches and more than 5,500 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 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 March 31, 2024. For more information, please visit www.bdo.com.ph.
BDO is regulated by the Bangko Sentral ng Pilipinas with contact number (+632) 8708-7087 and with email address consumeraffairs@bsp.gov.ph, and webchat at www.bsp.gov.ph. Deposits are insured by PDIC up to P500,000 per depositor.
For concerns, please visit any BDO branch nearest you, or contact us thru our 24×7 hotline (+632) 8888-0000 or email us via callcenter@bdo.com.ph.
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