Banco De Oro Sustainability Profile

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 net-zero greenhouse gas emissions across its value chain by FY2050. The bank has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% by FY2030 from a FY2020 baseline, and long-term targets to achieve a 90% reduction by FY2050. Additionally, BDO aims to reduce Scope 3 emissions by 97% per full-time employee by FY2050. In its Energy Transition Finance Statement of 2022, BDO committed to ceasing lending to new coal-fired power plants and reducing its coal exposure by 50% by 2033, ensuring that coal exposure does not exceed 2% of its total loan portfolio by the same year. These initiatives reflect BDO's commitment to sustainable finance and responsible lending practices. The emissions data and targets are cascaded from BDO Unibank, Inc., which is part of the broader corporate family, ensuring alignment with industry standards and climate action frameworks.