DBP as Top Sustainability Advocate in Asia

October 21, 2024 12:00 PM AEDT | By Cision

DBP as Top Sustainability Advocate in Asia — Image source: Kalkine Media

Recent News

Manulife Celebrates 25th Anniversary of Initial Public Offering with C...

The China-Malaysia youth exchange delegation visited Jiangxi

Mt Malcolm Mines Pours First Gold Bars and Reports High-Grade Assay

Evolution Energy Progresses Towards Major Decision for Chilalo Graphit...

MANILA, Philippines, Oct. 21, 2024 /PRNewswire/ -- In the heart of the Philippines' financial landscape, the Development Bank of the Philippines (DBP) stands tall as a beacon of sustainability with the distinction as "Top Sustainability Advocates in Asia" conferred by Malaysia-based MORS Group at the Asia Corporate Excellence and Sustainability (ACES) Awards 2023. This recognition affirms the Bank's integration of sustainability into policies and operations, with genuine concern for stakeholders. Its journey, spanning decades, has been marked by pioneering efforts, unwavering commitment, and a holistic approach.

DBP Senior Vice President for Operations Catherine Magana receives the Top Sustainability Advocates in Asia award under the Sustainability category of the Asia Corporate Excellence and Sustainability (ACES) Awards 2023 during the ceremony held in Kuala Lumpur, Malaysia.

DBP has been ahead of the curve in the sustainability arena as exemplified by its pioneering adoption of green practices in the early 1990s. In 2002, it became the first Philippine bank to be ISO 14001-certified for the successful establishment of an Environmental Management System in 1998 and adoption of an Environmental Policy in 1997. Fast forward to the present, it is one of the founding signatories of the UNEP Principles for Responsible Banking in 2019, where DBP was the sole representative from the Philippines.

Community engagement and sustainability drives DBP's operations. Its Corporate Social Responsibility initiatives, including scholarships, outreach projects, and financial literacy programs, not only benefit local communities but also contribute to inclusive growth. Notably, DBP's partnership with indigenous communities through the Lionheart project transformed lives by creating jobs and exemplified DBP's innovative approach to social impact.

DBP's ESG focus is a cornerstone of its success. The Bank proactively integrated sustainable practices into its products and services, aligning with evolving market trends and regulations that bridge customer needs and environmental responsibility. This commitment to sustainability not only benefits communities but also positions DBP as a leader in responsible banking.

With eyes set on an inclusive and sustainable future, DBP continues to impact the nation's progress fostering economic development that benefits all Filipinos. Noteworthy initiatives, such as the DBP Rehabilitation Support Program on Severe Events (RESPONSE), demonstrate its support to communities during calamities and crises, reflecting a strong sense of social responsibility. Additionally, DBP's active participation in the International Climate Bond Initiative underscores its global sustainability standards.

DBP's unwavering commitment to sustainability took center stage once again as it joined ACES Awards 2024, further highlighting its commitment to promote a greener, more inclusive future for the Philippines.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.