BDO is a founding member of the ATF Study Group, which was established to address the challenges of transition finance as Asian economies work toward net-zero emissions.
What’s in the report?
The ATF report provides practical recommendations to complement global standards and help financial institutions evaluate transition finance cases.
“The ATF Annual Report 2024 describes how transition projects can become feasible and bankable by mitigating and allocating risks through public and private sector collaboration,” BDO said in a statement on Monday.
“This fundamental issue, identified during discussions in 2022 and 2023, is crucial for enabling [financial institution] to engage in transition projects. The study group considers that understanding the main risks of transition projects and how each risk can be addressed by both public and private sectors would foster coherent collaboration among all stakeholders,” it added.
Multi-stakeholder inputs
This year’s report, developed with input from banks, development institutions, and industry experts, highlights the gradual pace of Asia’s sustainability journey compared to Europe and the United States.
BDO continues to expand its sustainable finance initiatives, supporting renewable energy projects to help reduce greenhouse gas emissions in the Philippines.
