BDO Unibank Inc. (BDO) President and Chief Executive Officer (CEO) Nestor Tan joined co-panelists from regional finance institutions at the recent Climate Business Forum: Asia Pacific, co-hosted by the Hong Kong Monetary Authority and the International Finance Corp.
At the panel discussion on 'Blue Finance: Opportunities for our Oceans and Water Sources,' Tan disclosed the impact of BDO's $100 million Blue Bond financing water and wastewater management projects in water stressed areas in the Philippines.
'Blue financing will work best in a country where many of the utilities are privatized and may be financed by banks. Ours is a modest initiative, but we have been seeing good results and impact,' Tan stated as he conveyed the highlights of the BDO Blue Bond Impact Report.
'Remaining true to BDO's sustainability philosophy, we continue to integrate sustainability in everything that we do. We are committed to build a better and greener future for our stakeholders, clients and employees,' shared Tan.
The Climate Business Forum sought to find solutions for climate financing challenges in Asia-Pacific and had over 400 participants, with senior decision-makers in global business and finance, sustainable finance and new climate technologies in emerging and developing markets in the Asia-Pacific.