Banco De Oro Sustainability Profile
Banco De Oro (BDO), officially known as BDO Unibank, Inc., is a leading financial institution headquartered in the Philippines. Established in 1968, BDO has grown to become one of the largest banks in the country, with a strong presence in key regions including Metro Manila and various provinces across the archipelago. Operating within the banking and financial services industry, BDO offers a comprehensive range of products and services, including retail banking, corporate banking, investment services, and wealth management. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. With numerous accolades and a robust market position, BDO has consistently been recognised for its excellence in banking, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Banco De Oro's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Banco De Oro's score of 77 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco De Oro's reported carbon emissions
In 2024, Banco De Oro (BDO) reported total carbon emissions of approximately 72,562,000 kg CO2e, with emissions distributed across various scopes: 2,276,000 kg CO2e (Scope 1), 35,377,000 kg CO2e (Scope 2), and 34,909,000 kg CO2e (Scope 3). This represents a slight increase from 2023, where total emissions were about 70,638,000 kg CO2e, with Scope 1 at 1,237,000 kg CO2e, Scope 2 at 66,784,000 kg CO2e, and Scope 3 at 2,617,000 kg CO2e. BDO has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 GHG emissions by FY2030 from a FY2020 baseline. Long-term targets include a 90% reduction in these emissions by FY2050. Additionally, BDO is committed to achieving net-zero GHG emissions across its value chain by FY2050. For Scope 3 emissions, the bank aims to reduce emissions per full-time employee by 97% within the same timeframe. BDO's commitment to sustainability is further demonstrated by its practice of not lending to new coal-fired power plants since 2019, with a goal to reduce coal exposure by 50% by 2033, ensuring it does not exceed 2% of its total loan portfolio. This data is cascaded from BDO Unibank, Inc., which provides the foundation for BDO's climate initiatives and targets.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 66,000 | 000,000 | 00,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 66,483,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 | 0,000,000 | 00,000,000 |
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Banco De Oro's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banco De Oro has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Banco De Oro's sustainability data and climate commitments