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Friday, April 26, 2024

BDO joins top banks on energy transition

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BDO Unibank Inc. joins other leading Asian banks in advancing energy transition finance with the publication of the Asia Transition Finance Guidelines and the Asia Transition Finance Activity Report, which are aimed at helping Asian economies achieve a “just and orderly transition” toward a more sustainable future.

BDO is a member of the Asian Transition Finance Study Group that drafted the guidelines in pursuit of an Asian version of transition finance that is more realistic and achievable for Asian nations. The reports, the Asia Transition Finance Guidelines and the Asia Transition Finance Activity Report, were created after months of discussion among the core bankers, joined by development banks, export credit agencies, public agencies and finance associations.

Led by MUFG Bank of Japan, the ATF Study Group was set up in recognition of the important role that transition finance will play in helping Asian economies move toward net-zero emissions and the challenges they will face.

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