The driving principle behind the Bank’s board-approved Energy Transition Finance Statement (ETFS) is the commitment to support and align with the government’s energy transition priorities to ensure energy security.

As such, the ETFS is always under review to ensure this alignment.  To date, there has been no change in the Bank’s ETFS since it was issued in 2022.

The bank does not finance new coal-fired power plant capacity and is on track to reducing its coal exposure by 50% by 2033, while further increasing its financing support for renewable energy projects under its Sustainable Finance Program.

Read the full BDO Energy Transition Finance Statement.

For more information, please visit the BDO website.