BDO allocates P52.7B sustainability bond for green and social projects

BDO Unibank Inc. (BDO)has allocated  its first ASEAN Sustainability Bond (ASB)  of P52.7 billion for green and social projects.

In its report,  the BDO said allocated the bond proceeds to projects that address environmental and social challenges, following eligible categories under its comprehensive Sustainable Finance Framework. 

“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.

Of the total proceeds, P38.4 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.

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