We’ve had the great opportunity to talk to Senior Executive Vice President at BDO Unibank, Walter Wassmer. We talk about how banks have a significant role in sustainable development, e.g. BDO has an impact on all the SDGs, through green financing targeted towards energy efficiency and renewable energy. BDO also finances infrastructure projects in collaboration with the government to increase livelihood opportunities. BDO also values social inclusion, and they are trying to give people in rural areas access to banking facilities, to enable development, since 70% of the Philippine population is unbanked. BDO also supports the OFW in education on financial literacy, along with more independent management of remittances.
Listen in on this podcast to hear about how BDO is contributing to sustainable development in the Philippines:
“Banks being an enabler of business have a great role in making sure that projects are economically viable. When you look at economic viability, climate change is part of that. Because if you have something built in an area that will be affected by climate change in the next 3 or 4 years, then obviously it’s not viable.”
Photo by Joel Escala.