BDO Partners with Other Asian Banks on Transition Finance Guidelines

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

BDO Finance Initiatives

BDO is a member of the Asian Transition Finance Study Group (ATF 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. Its goal is to create practical recommendations to supplement existing frameworks, including global standards and taxonomies, when financial institutions consider and assess transition finance cases.

The two reports are aimed at distinct audiences. The ATF Guidelines, which are  primarily for financial institutions, include technical guidance and transition support for transition finance assessment. The ATF Activity Report, which is for broader stakeholders, is made up of a list of support items the Study Group believes is needed to encourage greater stakeholder engagement.

BDO Unibank

BDO Unibank believes that its sustainability journey, along with other Asian financial institutions, will be more gradual in pace compared to counterpart banks in Europe and the United States. But in collaborating with others, BDO Unibank welcomes the opportunity to bring everyone towards the same direction and better manage the energy transition for Asian nations.

BDO Unibank will continue to expand its Sustainable Finance initiatives, in place since 2010, towards funding new and existing renewable energy projects to increase their capacity, and support the country’s avoidance of greenhouse gas (GHG) emissions. The ATF Study Group’s activities are in alignment with the”Asian version of transition finance,” one of the key pillars of the Asia Energy Transition Initiative (AETI), introduced by the government of Japan to bolster energy transition in Asia. Ministers of Asian countries endorsed the ATF Study Group’s activities at the first meeting of the Asian Green Growth Partnership Ministerial Meeting in April. The ATF Study Group’s new reports were released today at the second ministerial meeting, with hopes they will encourage further understanding of transition finance across Asia. The ATF Study Group will continue to collaborate with broader stakeholders and meet regularly, working to update and enhance the ATF Guidelines, collaborate further with stakeholders, and encourage implementation of transition finance.

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Jonel & Marjorie Uy

Mr. & Mrs. Jonel & Marjorie Uy are the blogger couple 'seated' behind SeatsForTwo.com, Know more about her at LivingMarjorney.com and him at BloggerManila.com

11 thoughts on “BDO Partners with Other Asian Banks on Transition Finance Guidelines

  • October 4, 2022 at 11:29 pm
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    This sounds like a great step in the right direction towards more accessible financial guidance!

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  • October 4, 2022 at 11:37 pm
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    I am glad that more and more subjects try to grow renewable energy projects and to do everything possible to have a better future!

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  • October 4, 2022 at 11:47 pm
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    Very interesting information that you shared with us.

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  • October 5, 2022 at 12:39 am
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    Wow! This sounds really great and amazing! BDO is a really fantastic Bank, I’m using BDO for almost 5years now.

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  • October 5, 2022 at 2:01 am
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    It sounds like they must be doing well if they’re expanding. Interesting to read about a bank in another country.

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  • October 5, 2022 at 9:12 pm
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    This is good to know about BDO. I’ve used them in the past and never had problems.

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  • October 6, 2022 at 2:11 am
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    This is interesting to read. I didn’t know anything about this before this.

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  • October 6, 2022 at 2:14 am
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    Sounds like they have a lot of exciting things happening. I’ve never heard of Sustainable Finance initiatives like that either, and I love the idea of combining eco-friendly initiatives with the finance industry like this!

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  • October 6, 2022 at 10:18 am
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    This sounds like a great group of investors who care to keep the Asian back in check. All banks should have finance guidelines and offer services based onice the customer’s needs, wants, and financial history.

    Reply

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