Chinabank wins ESG award from The Asset

Chinabank was recognized by The Asset for its excellence in environmental, social, and governance (ESG) practices. Chief Sustainability Officer William Wayne T. Quesang accepted the bank’s Titanium Award at the recent ESG Corporate Awards 2024 in Singapore.  

Recognizing its vital role in sustainable finance and the country’s transition to a low-carbon economy, Chinabank is strongly committed to managing its environmental and social risks, to supporting clients in their sustainability and transition journey, and to upholding the highest standards of corporate governance. The bank has been actively funding renewable energy projects, green buildings, and initiatives that promote resource efficiency and avoidance of greenhouse gas emissions. It also adheres to international best practices in governance, ensuring fairness, accountability, integrity, and transparency in all its business dealings.

“We are honored and grateful to receive The Asset ESG Corporate Award,” Chinabank President and Chief Executive Officer Romeo D. Uyan Jr. said.  “This serves as an inspiration to the bank to continue to promote responsible business practices, endorse projects that are environmentally sustainable, and support initiatives that continue to strengthen our organizational resiliency.”

A total of five Philippine companies were recognized by The Asset, three of which are from the SM Group: Chinabank, BDO, and SM Investments.

The Asset ESG Corporate Awards is the longest-running ESG awards in Asia.  Companies are rigorously evaluated using a range of metrics, including financial performance for gauging management acumen, the quality of their governance, social responsibility, environmental responsibility, and investor relations.