The report details how the bank strategically allocated the bond proceeds to projects tackling environmental and social challenges, adhering to the eligible categories defined in its comprehensive Sustainable Finance Framework.
Renewable energy projects
Out of the P52.7 billion generated from retail and institutional investors, P38.4 billion was allocated to environmental initiatives aimed at mitigating climate change and advancing renewable energy.
The amount funded solar and wind energy projects, significantly reducing greenhouse gas emissions and accelerating the country’s transition to cleaner energy sources. The funds also supported energy-efficient infrastructure, including green buildings, leading to lower energy consumption and more sustainable urban development.
Microfinancing, agriculture
On the social front, P14.4 billion was directed toward projects that uplift underserved communities. This included P8.8 billion for employment generation through microfinance services, benefiting small businesses and entrepreneurs. Additionally, P5.6 billion was allocated to the agriculture, fisheries, and food security sectors, which support about a quarter of the Philippines’ workforce.
These funded projects align with the United Nations Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities), and SDG 13 (Climate Action).
More sustainable finance initiatives
“BDO’s second 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,” said Atty. Federico Tancongco, BDO senior vice president and chief compliance officer.
Looking ahead, BDO aims to expand its sustainable finance initiatives through strategic partnerships with governments, NGOs, and private sector entities, further accelerating the transition to a low-carbon and inclusive economy. —Ed: Corrie S. Narisma
