BDO Unibank Inc. released its first ASEAN Sustainability Bond Impact Report outlining the environmental and social performance of financed projects from its 1BDO’s first ASEAN Sustainability Bond successfully raised PhP 52.7 billion for the Peso-denominated Fixed-Rate bond, which was well subscribed by both retail and institutional investors.
Proceeds of the first ASEAN Sustainability Bond financed 28 projects that supported the expansion of renewable energy sources which reduced greenhouse gas emissions, creation of sustainable infrastructure through construction or retrofitting of green buildings, and promotion of water conservation through enhancement of wastewater treatment facilities.
The bond proceeds also financed critical programs that generated employment. BDO provided loans for 488,450 Micro, Small and Medium Enterprises and funded activities which helped create or retain 70,655 jobs, especially for displaced, underprivileged, and unemployed Filipinos. BDO remains committed to a sustainable future by providing financial support to initiatives that create opportunities, uplift the lives of Filipinos and help contribute to the nation’s progress while transitioning to a low carbon, environmentally responsible, and socially inclusive economy.
The ASEAN Sustainability Bond Impact Report was prepared following the ASEAN Guidelines on Sustainability Bond Standards, International Capital Market Association , Harmonized Framework for Impact Reporting, and aligned with the United Nations Sustainable Development Goals targets and the BDO Sustainable Finance Framework.
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