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April 12, 2024

Investing in blue: How BDO is championing water sustainability

The Sy family’s BDO Unibank has directed the $100 million raised from its 2022 blue bond towards enhancing water infrastructure and services, marking a significant commitment to environmental sustainability and climate change mitigation.

The initiative, supported by the International Finance Corporation (IFC), represents a landmark in the region’s sustainable finance landscape.

Federico Tancongco, SVP and COO of BDO, emphasized the bank’s dedication to backing projects that not only champion environmental conservation but also spur economic advancement.

This strategy is evident in the bank’s funding of key water projects, such as the government-backed Bulacan Bulk Water Supply Project through the Luzon Clean Water Development Corp., and the waste and wastewater treatment technologies of Cleanway Environmental Management Solutions Inc. in Tarlac City.

This strategic investment underscores BDO’s role in addressing critical water management challenges in the Philippines, aligning financial growth with ecological preservation.