BDO Unibank Inc. (BDO)’s $100 million Blue Bond issuance helped mitigate climate change by financing activities that addressed water scarcity, preserved clean water resources, and prevented marine pollution in the Luzon area.
The BDO Blue Bond issued in 2022 was made possible by an investment from the International Finance Corporation (IFC) as the sole investor. It is the first private sector issuance by a commercial bank in Southeast Asia and the first to follow IFC’s Guidelines for Blue Finance.
BDO is the first Philippine bank to directly fund projects that protect water and the ocean as critical natural resources, pioneering a new financial instrument to protect the environment. By starting at the source, moving through use, and ending with the bodies of water, the Blue Bond-financed projects provide solutions to a systemic issue that ensure the availability of water resources and prevent ocean pollution for future generations.
