Banco De Oro
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 68 is higher than 99% 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, comprising 2,276,000 kg CO2e from Scope 1, 35,377,000 kg CO2e from Scope 2, and 34,909,000 kg CO2e from Scope 3 emissions. 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 net-zero greenhouse gas emissions across its value chain by FY2050. The bank plans to reduce absolute Scope 1 and 2 emissions by 50% by FY2030 from a FY2020 baseline and achieve a 90% reduction by FY2050. Additionally, BDO targets a 97% reduction in Scope 3 emissions per full-time employee by FY2050. The bank is also committed to ensuring that 80% of its suppliers by emissions will have science-based targets by FY2027. In its Energy Transition Finance Statement, BDO has pledged to cease lending to new coal-fired power plant capacity and aims to reduce its coal exposure by 50% by 2033, ensuring it does not exceed 2% of its total loan portfolio by that year. These initiatives reflect BDO's commitment to sustainable finance and reducing its carbon footprint in alignment with global climate goals.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Banco De Oro is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
