BDO Wins at the Global Good Governance Awards for Green Innovation

In Photo: Atty. Federico Tancongco (right), Senior Vice President and Chief Compliance Officer of BDO Unibank Inc., accepted the 3G Green Innovation and Solution Award 2024 from Professor Humayon Dar (left), Chairman of Global Good Governance Program.

BDO Unibank Inc. (BDO) received the Global Good Governance Award for 3G Green Innovation and Solution category for Green Bond Framework, reaffirming the Bank’s commitment to sustainability and responsible financing.

Since the establishment of its Sustainable Finance Program in 2010, BDO has pioneered various bonds, loans, and financing instruments supporting projects aimed at reducing the Philippines’ environmental impact, fostering socio-economic development, and facilitating the country’s transition to a low-carbon economy. BDO’s Green Bond and Blue Bond issuances were the first among financial institutions and have set benchmarks in corporate sustainable financing within the country and the broader Southeast Asian region. The Bank’s 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 2024.

Proceeds from BDO’s sustainable financing instruments funded projects spanning renewable energy, green infrastructure, clean transportation, resource efficiency and pollution control, sustainable management of natural resources, sustainable water and waste water management, employment generation, women entrepreneurship, and food security, among other critical areas. These are all projects eligible under the BDO Sustainable Finance Framework for Green, Blue, Sustainable, Social, and Gender financing.

“This recognition embodies BDO’s excellence in corporate governance, with sustainability leadership emanating from the top. We consistently enhance our policies and programs to achieve sustainable business success while reducing carbon footprint and promoting social inclusion,” said Atty. Federico Tancongco, Senior Vice President and Chief Compliance Officer of BDO Unibank.

The Bank continues to expand its Sustainable Finance initiatives towards funding new and existing renewable energy projects to increase their capacity, and support the country’s Nationally Determined Contributions to the 2015 Paris Agreement that aims to reduce 75% of the country’s greenhouse gas (GHG) emissions by 2030.

The Global Good Governance Awards (3G Awards) is organized by Cambridge IFA, a financial services intelligence house which provides strategic advice to governments, financial institutions, and multilateral organizations in the development of financial markets. It recognizes companies and individuals who demonstrate excellence and innovation in good governance, transparency, and social responsibility.