BDO Unibank, Inc. earned the Bronze Award in the First Time Reporter category at the prestigious 5th Asia Sustainability Reporting Awards (ASRA)—the only Philippine bank awarded this year.

bdo - BDO wins bronze at the Asia Sustainability Reporting Awards
Partner for Social Progress. CSRWorks International recognizedBDO Unibank, Inc.’s Sustainability Report with a Bronze Award in the First Time Reporter category of its 5th Asia Sustainability Reporting Awards (ASRA). BDO is the only awarded Philippine bank this year.

The First Time Reporter award is given to inaugural and well-rounded sustainability reports that demonstrate the company’s long-term approach to integrating sustainability practice into its business operations.

Winning entries in the category are judged on “strategic approach to sustainability, meaningful and relevant leadership opening statement, coverage of all significant sustainability impacts of the business, approach to stakeholder engagement, and clear presentation of multi-year sustainability performance results.”

BDO’s award-winning report affirms the bank’s leadership in sustainability reporting and commitment to creating long-term value for stakeholders.

The bank’s Sustainability Report, released last year, outlines the bank’s economic, environmental, social, and governance performance in 2018.

It shows how BDO stays true to its sustainability philosophy to achieve resilience by incorporating sustainability in the way it does business and to embed sustainability principles in its decision-making, relationship assessment, and product development processes.

Prepared in accordance with the Global Reporting Initiative (GRI) Standards, the report also details how the financial institution does its part in being a positive force for progress, opportunity, and sustainability in the communities it serves.

“Banking and financial services play a critical role in helping drive sustainable development. Our ability to provide financial access to the majority of the population is vital in creating a more equitable society.

By leveraging on our resources, we strive to be the country’s partner for social progress,” said BDO President and Chief Executive Officer Nestor Tan.

Besides BDO, three other Philippine companies were honored at the ASRA, including SM Investments Corporation, which received a Bronze Award in the Asia’s Best Sustainability Report (Digital) category.

“We have a strong commitment to sustainability. Environmental, Social, and Governance (ESG) standards and practices are at the core of how we run our business because they are aligned with our ‘We Find Ways’ service philosophy. These principles remain our cornerstone as we continue to evolve to serve the needs of our clients and contribute to social progress,” said BDO Chairperson Teresita Sy Coson.

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