iBDO Unibank Inc. (BDO) has released its second ASEAN Sustainability Bond (ASB) mpact report, detailing the full allocation of its inaugural P52.7 billion bond raised in January 2022. The report highlights BDO’s strategic investments in both environmental and social projects designed to address pressing challenges under its Sustainable Finance Framework.
Of the total proceeds, P38.4 billion was directed toward environmental initiatives, such as renewable energy projects, including solar and wind power installations, as well as energy-efficient infrastructure like green buildings. These investments are contributing to the Philippines’ transition to cleaner energy and sustainable urban development. Meanwhile, P14.4 billion supported social initiatives, with a particular focus on underserved communities, including microfinance services and agriculture, fisheries, and food security programs.
The ASB projects are aligned with key UN Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities), and SDG 13 (Climate Action), reinforcing BDO’s role in driving sustainable growth in the region.
“We remain committed to fostering long-term, measurable outcomes that contribute to both environmental and societal progress,” said Federico Tancongco, senior vice president at BDO. Looking forward, the bank plans to expand its sustainable finance efforts, leveraging partnerships across sectors to further accelerate the nation’s transition to a low-carbon economy.
