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BDO allocates entire Php52.7B ASEAN Sustainability Bond for Green and Social Projects

BDO Unibank Inc. (BDO) has announced the full allocation of its first ASEAN Sustainability Bond (ASB), which raised Php52.7 billion from both retail and institutional investors. This is detailed in the bank’s second ASEAN Sustainability Bond Impact Report, released recently.

The report outlines how BDO allocated the bond proceeds to projects aimed at addressing environmental and social challenges, in line with the eligible categories under its Sustainable Finance Framework.

“BDO’s second ASEAN Sustainability Bond Impact Report underscores our commitment to financing projects that deliver measurable, long-term benefits for both the environment and society,” said Atty. Federico Tancongco, Senior Vice President and Chief Compliance Officer at BDO. “This bond reflects our dedication to sustainable growth and inclusive development across key sectors.”

Out of the total Php52.7 billion raised, Php38.4 billion was directed towards environmental projects aimed at mitigating climate change and promoting renewable energy. These investments funded solar and wind energy projects, which have contributed to reducing greenhouse gas emissions and supporting the Philippines’ transition to cleaner energy sources. The funds also supported energy-efficient infrastructure, including green buildings, which have led to significant reductions in energy consumption and promoted sustainable urban development.

On the social front, Php14.4 billion was allocated to projects that enhance the quality of life for underserved communities. This included Php8.8 billion for employment generation through microfinance services, and Php5.6 billion for agriculture, fisheries, and food security, sectors that employ a significant portion of the country’s workforce.

The projects funded under BDO’s first ASB issuance align with the 17 United Nations Sustainable Development Goals (SDGs), with a focus on SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities), and SDG 13 (Climate Action).

Looking forward, BDO is committed to expanding its sustainable finance initiatives to address a wider range of environmental and social challenges. Through partnerships with governments, NGOs, and private sector entities, the bank aims to accelerate the country’s transition to a low-carbon economy.

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