BDO Unibank, Inc. (BDO) is actively supporting a sustainable future by funding energy efficiency projects, green facilities, and eco-friendly vehicles. At the recent Energy Financing Forum, Gabriel U. Lim, Senior Vice President and Head of Corporate Finance at BDO Capital & Investment Corporation, expressed the bank’s dedication to financing more renewable energy projects to aid national economic growth and energy security.
BDO places equal importance on the social, economic, and environmental aspects of the energy transition. Lim emphasized, “We’re committed to providing our customers with the capital needed to adopt new technologies that reduce carbon emissions or shift to renewable energy sources.”
Last year, BDO made a significant commitment with its Energy Transition Finance Statement, aligning with the 2015 Paris Agreement and the Philippines’ goal to reduce 75% of its greenhouse gas emissions by 2030. This statement reinforces the bank’s dedication to fostering a low-carbon, environmentally responsible, and socially inclusive economy.
BDO’s sustainable finance efforts are expanding, focusing on supporting both new and existing renewable energy projects. Since 2010, BDO has financed 55 projects spanning wind, solar, geothermal, hydro, and biomass energy sources, contributing to a total installed renewable energy capacity of 2,230 megawatts nationwide.
Recognizing its crucial role in the country’s journey towards a global low-carbon economy, BDO’s financing of innovative green projects plays a pivotal role in national development while promoting a more sustainable future for all.
