A Sustainability Champion Through and Through.
The Philippines’ BDO Unibank, Inc. achieves strategic resilience by embedding sustainability throughout its business.
BDO Unibank, Inc. is a full-service universal bank in the Philippines incorporated in 1967, providing a complete array of industry-leading products and services, including loans, deposits, foreign exchange, brokering, trust and investments, credit cards, retail cash cards, corporate cash management, and remittances as well as digital banking solutions. Through its subsidiaries, the bank offers leasing and financing, investment banking, private banking, rural banking, life insurance, insurance brokerage, and stock brokerage services.
As the largest bank in the Philippines, BDO’s distribution network spans 1,500 operating branches and over 4,400 ATMs nationwide, with 16 international offices. Its mission is to be the preferred bank in every market it serves, complemented by a vision to be the leading Philippine bank and financial services company that empowers customers to achieve their goals and aspirations by delivering a personalised banking experience that is easy, straightforward, and convenient, while taking pride in building long-term relationships and finding ways to deliver offerings of the highest standard.
BDO seeks to achieve strategic resilience by incorporating sustainability in the way it runs its business, particularly when making decisions, assessing relationships, and creating products. Its sustainability framework, which covers the 17 UN Sustainable Development Goals (SDGs), encompasses product sustainability, sustainability contribution, human capital sustainability, disaster response sustainability, and governance-based sustainability.
Through stringent reviews of ESG Materiality Assessments to capture current ESG challenges that impact the bank and its stakeholders as well as a robust oversight to sustainability that is reinforced across all levels, BDO has conceptualised tangible sustainability actions and illustrates these outcomes through reports with full disclosure and transparency. BDO is also committed to advancing sustainable finance in alignment with the Bangko Sentral ng Pilipinas (BSP) Circular 1085 for a sustainable finance framework, and is currently undergoing data gathering to determine the right metrics to be used as baseline for its sustainability targets and goals. After which, sustainability principles will be embedded in BDO’s corporate governance, risk management systems, strategy, and operations.
BDO recognises that it plays a critical role towards contributing to a global low-carbon economy pathway, and integrates economic, environmental, and social (EES) considerations by consistently adhering to sustainable finance practices that incorporates its ESGs. As for its value chain, BDO procures 99.6% of its supplies from a local supply chain, in line with a manual on General Procurement Guidelines established by the bank that provides a framework for efficient, consistent, transparent, and compliant purchasing practices. The bank is also currently creating and updating policies, commitments, goals and targets, responsibilities, resources, and programs to identify and mitigate the supply chain’s environmental and social impact, with an aim to build a supply chain resilient to natural and man-made disasters brought about by climate change through an education campaign amongst suppliers.
Internally, BDO promotes a work environment that fosters diversity, equity, and inclusion, and values its employees for their unique contributions in compliance with labour regulations and standards. Furthermore, BDO sustains the physical, social, and mental wellbeing of its 38,765 employees locally and abroad by creating a collaborative and safe work environment where they can thrive and continuously challenge their capabilities. In the matter of communities, BDO engages with them through the BDO Foundation, which engages in strategic partnerships and creates and executes programs aimed at addressing the needs of the underprivileged and underrepresented, with financial inclusion and disaster response as clear mandates.
Being a vanguard of prime movers merging business goals with sustainable development, BDO’s accomplishment in being named amongst ACES’ Top Sustainability Advocates in Asia substantiates its position as an inclusive innovator that has not only thoughtfully visualised its SDG framework through connected and sequenced goals, but has also conscientiously integrated it within the company’s overarching management and operations, with every BDO banker made accountable for the success of sustainability within the organisation.