Banco De Oro

Banco De Oro, headquartered in PH, reported its latest emissions data for 2025. Its Scope 1 emissions were approximately 1,706 tonnes CO2e, Scope 2 emissions were around 33,809 tonnes CO2e, and Scope 3 emissions were approximately 18,127,505 tonnes CO2e.

The company has set several climate commitments. Since 2019, Banco De Oro has maintained a practice of not lending to new coal-fired power plant capacity. In its 2022 Energy Transition Finance Statement, the company committed to ceasing lending to new coal-fired power plant capacity and to reducing its coal exposure by 50% by 2033, ensuring that coal exposure does not exceed 2% of its total loan portfolio by that year.

While Banco De Oro itself does not have a Science Based Target initiative (SBTi) target, several related organisations within the broader BDO network have commitments. For example, BDO LLP (United Kingdom) has a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 50% by FY2030 from a FY2020 base year and a long-term target to reduce these emissions by 90% by FY2050 from the same base year. BDO LLP (United Kingdom) also commits that 80% of its suppliers, by emissions covering purchased goods and services, capital goods, and business travel, will have science-based targets by FY2027. Additionally, BDO LLP (United Kingdom) aims to reduce Scope 3 GHG emissions by 97% per full-time employee by FY2050 from a FY2020 base year and has an overall net-zero target by FY2050. These targets are cascaded through the corporate family relationship.

Other entities, such as BDO AB (Sweden), BDO Oy (Finland), BDO LLP (Singapore), and BDO LLP (Mauritius), also have SBTi-approved targets, generally aiming for near-term reductions in Scope 1 and 2 emissions, and long-term net-zero goals, with some including Scope 3 reduction targets. These targets vary in percentage and base year but generally align with a 1.5°C warming scenario.