BDO Unibank Inc. president and chief executive Nestor Tan disclosed the impact of the bank’s $100 -million Blue Bond financing water and wastewater management projects in water stressed areas in the Philippines.
Tan joined the panel discussion on “Blue Finance: Opportunities for our Oceans and Water Sources”, along with co-panelists from regional finance institutions at the Climate Business Forum: Asia Pacific, co-hosted by the Hong Kong Monetary Authority (HKMA) and the International Finance Corp.
“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 said.
“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,” said 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.
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