Sy-led BDO Unibank Inc. (BDO) was named Industry Champion of the Year and Top Sustainability Advocate in Asia, both for the second time at the 2022 Asia Corporate Excellence & Sustainability (ACES) Awards in Kuala Lumpur, Malaysia.
“This recognition embodies BDO’s commitment to sustainability for the benefit of all its stakeholders, its customers and the hard work of its employees who are at the core of our business. We believe that our success as an institution is dependent on the growth and resiliency of the ecosystem we operate in,” BDO President and CEO Nestor Tan said.
The Industry Champion award is presented to companies that have a distinct competitive advantage, set industry trends, and have commendable best practices in place.
Winners in this category have shown the ability to evolve the focus of their enterprises along with the dynamic changes of the industries they serve to sustain as market leaders.
The largest lender in the Philippines also won the Top Sustainability Advocate in Asia award for the second straight year. It recognizes the critical role of financial institutions to manage its environmental and social risks and finance the country’s transition to a low-carbon economy.
In 2021, BDO financed a mix of 54 renewable energy projects for wind, solar, geothermal, hydro, and biomass energy sources accounting for 2,230 megawatts of total installed capacity nationwide.
BDO continues to expand its Sustainable Finance initiatives, in place since 2010, towards funding new and existing renewable energy projects to increase their capacity and supporting the country’s avoidance of greenhouse gas (GHG) emissions.
The listed bank owned by the family of the late taipan Henry Sy also finances energy efficiency projects and green buildings.
BDO is the country’s largest bank in terms of total assets, loans, deposits and trust funds under management. It has the country’s largest distribution network, with over 1,600 consolidated operating branches and more than 4,500 ATMs nationwide. It also has 16 international offices in Asia, Europe, North America and the Middle East. The Bank also offers extensive digital banking solutions to make banking easier, faster, and more secure for its clients.
The Asia Corporate Excellence & Sustainability Awards (ACES) recognizes successful companies and individuals in Asia across two main domains; leadership and corporate social responsibility. The awards value and recognize services and achievements of businesses, both large and small, national, and international, for their esteemed contributions to their communities and the world.
