Banco De Oro (BDO), headquartered in the Philippines, is a leading player in the financial intermediation services sector, specifically excluding insurance and pension funding. Established in 1968, BDO has grown significantly, becoming one of the largest banks in the country, with a strong presence in key regions across the Philippines.
The bank offers a comprehensive range of core products and services, including personal and corporate banking, investment services, and wealth management. BDO is distinguished by its customer-centric approach and innovative financial solutions tailored to meet diverse client needs. With a robust market position, BDO has received numerous accolades, solidifying its reputation as a trusted financial partner in the Philippines.
+45 vs industry average
Banco De Oro’s score of 80 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Banco De Oro's reported carbon emissions
Banco De Oro (PH) is committed to reducing its carbon footprint. In 2025, the bank reported a total of 18,310.11 million kg CO2e. This figure comprises Scope 1 emissions of approximately 1.71 million kg CO2e, Scope 2 emissions of approximately 33.81 million kg CO2e, and Scope 3 emissions of approximately 18.12 billion kg CO2e. Banco De Oro has established ambitious climate commitments, including a net-zero target by 2050. More specifically, the company aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by 2030, using a 2020 base year. Furthermore, they plan to reduce Scope 3 GHG emissions by 97% per full-time employee within the same timeframe. In addition to these overarching goals, Banco De Oro has also made specific commitments regarding its lending practices. Since 2019, the bank has not provided financing for new coal-fired power plant capacity. By 2033, they aim to reduce their coal exposure by 50% and ensure it does not exceed 2% of their total loan portfolio.
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Banco De Oro’s Climate Goals (2030 & 2050)
2 goals2033
50% reduction in Scope 1
BDO will continue its current practice of not lending to new coal-fired power plant capacity, a practice in place since 2019. In its Energy…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Banco De Oro
Frequently asked questions
Common questions about Banco De Oro’s sustainability data and climate commitments
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