BDO and its commitment to sustainability
BDO and its commitment to sustainability
BDO Unibank has been incorporating Environmental, Social, and Governance (ESG) in the way it conducts business as an organization and as a bank committed to sustainability.
From the social impact projects of the BDO Foundation for communities where the Bank operates, to financing renewable energy sources in support of national energy development targets, to strong governance that puts a premium on accountability, transparency, and integrity on the Board—BDO has strong ESG initiatives that were already in place long before sustainability became widespread.
ESG is well ingrained in BDO’s Sustainability Strategies: Product Sustainability, Sustainability Contribution, Human Capital, Disaster Response Sustainability, and Governance-based Sustainability.
Internally, the Bank’s Human Capital strategy focuses on Social as it relates to recruiting, retaining, and developing a diverse and inclusive workforce where everyone is valued for their contributions to the Bank’s success, and encouraged to have a sustainability mindset. Likewise, it includes providing a safe and healthy work environment for all employees to allow everyone to do their work well and at their best.
On the other hand, BDO’s Product Sustainability and Sustainability Contribution Strategies touch on both Environmental and Social as BDO ensures that its products and services have financial inclusion at their core, addressing the financial needs of almost half the country’s population who remain unbanked, and the underserved market.
“Sustainability is an integral part of our business,” said BDO Chairperson Teresita Sy-Coson. “We commit to continuously find opportunities to apply ESG into the way we make decisions, plan our strategies, and serve our clients.”
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Sustainable Energy. A 54-megawatt wind farm in Pililla, Rizal with 27 turbines generates clean energy and is also a spectacle among local tourists. This is one of the many sustainable energy projects BDO Unibank, through its investment banking arm BDO Capital & Investment Corp., has funded along with other local commercial banks.