Of the total proceeds, Php38.4 billion financed
environmental projects aimed at mitigating climate change and promoting
renewable energy. These investments supported solar and wind energy
installations, which have significantly reduced greenhouse gas emissions and
contributed to the Philippines’ transition to cleaner energy sources. The funds
also financed energy-efficient infrastructure, such as green buildings,
resulting in measurable reductions in energy consumption and promoting
sustainable urban development.
On the social side, Php14.4 billion funded projects that
enhance the quality of life for underserved communities. This included Php
8,802 million for employment generation through microfinance services, and Php
5,621 million for the agriculture, fisheries, and food security sectors which
represent roughly a quarter of the nation’s workforce.
The projects funded under BDO’s first ASB issuance align
with the 17 United Nations Sustainable Development Goals (SDGs), particularly
SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and
Communities), and SDG 13 (Climate Action). By focusing on these global
priorities, BDO continues to play a vital role in mobilizing capital for
sustainable development in the country.
“BDO’s 2nd ASEAN Sustainability Bond Impact Report
underscores our dedication to financing projects that create measurable,
meaningful, and long-term outcomes for both the environment and society. This
bond reflects our commitment to fostering sustainable growth and inclusive
development across various key industries for the nation,” says Atty. Federico
Tancongco, Senior Vice President and Chief Compliance Officer at BDO Unibank,
Inc.
Looking ahead, BDO is committed to expanding its sustainable finance initiatives to address a broader range of environmental and social challenges. By leveraging partnerships with governments, non-government organizations, and private sector entities, the Bank aims to further accelerate the transition to a sustainable low-carbon economy.
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