BDO Unibank Inc. (BDO) received an updated Second Party Opinion (SPO) from Morningstar Sustainalytics affirming that its Sustainable Finance Framework (SFF) is credible and impactful. The SPO aligns with the 2021 Sustainability Bond Guidelines and Green Bond Principles. It is also in line with the 2023 Social Bond and Loan Principles, and Green and Social Loan Principles, as well as the 2018 ASEAN Sustainability, Social and Green Bond Standards.
BDO expanded its Board-approved SFF to include gender financing and 19 additional eligible categories under green, blue, orange and social financing that are aligned with international and local bond principles, guidelines and taxonomies, as well as the United Nations Sustainable Development Goals. The expanded SFF will allow BDO to finance more projects with high economic, environmental and social benefits through its bond issuances, contributing to ecological sustainability, ocean, health, community development and women’s empowerment. The Bank’s previous ASEAN Sustainability Bond issuances have both set records as the largest issuance for any Philippine financial institution or company at P52.7 billion in 2022, and at P63.3 billion in January 2024. BDO recently concluded its third ASEAN Sustainable Bond issuance last July 16, 2024 at P55.7 billion. The offer period, originally scheduled to end July 19, was cut short due to strong demand from both institutional and retail investors.
Morningstar Sustainalytics, a global leader in analytical environmental, social and governance (ESG) research and ratings, provides high-quality data to the world’s leading institutional investors and corporations. Sustainalytics’ SPO signals that BDO is well-positioned for its sustainable bond issuances.
ABOUT BDO UNIBANK, INC.
BDO is a full-service universal bank which provides a wide range of corporate and retail services such as traditional loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, insurance, cash cards, credit cards, and online and non-online brokerage services.
BDO has the country’s largest distribution network, with over 1,700 consolidated operating branches and more than 5,500 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.
The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients.
BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2024. For more information, please visit www.bdo.com.ph.
BDO is regulated by the Bangko Sentral ng Pilipinas with contact number (+632) 8708-7087 and with email address [email protected], and webchat at www.bsp.gov.ph. Deposits are insured by PDIC up to P500,000 per depositor.
For concerns, please visit any BDO branch nearest you, or contact us thru our 24×7 hotline (+632) 8888-0000 or email us via [email protected].
