The Development Bank of the Philippines (DBP) is a government financial institution established in 1947, headquartered in Makati City, Metro Manila. From its origins in post-World War II rehabilitation, DBP has evolved into an Infrastructure Bank, supporting the country’s economic development through financing key sectors such as infrastructure, environment, social services, and micro, small, and medium enterprises (MSMEs).
Commitment to Sustainability
DBP integrates sustainability into its core business strategy, embedding environmental and social risk management into its operations. Its sustainability framework was crafted before national regulations were in place, aligning with both global and national sustainability goals. The bank applies stringent environmental due diligence processes to ensure that financed projects adhere to strict sustainability standards, minimizing environmental impact while promoting long-term economic growth.
The DBP Forest Program
One of DBP’s flagship sustainability initiatives is the DBP Forest Program, launched in 2005 to combat environmental degradation in the Philippines. Through collaborations with local communities, universities, and non-governmental organizations, the program has focused on reforestation, conservation, and biodiversity restoration. The establishment of nurseries and seed collection projects ensures a steady supply of native tree seedlings, supporting large-scale reforestation efforts.
As of 2023, the program has achieved 85% of its 2030 target for expanding forest cover, with over 6.62 million trees planted across 48 forest projects, covering more than 6,000 hectares. This initiative plays a crucial role in carbon sequestration, biodiversity conservation, and enhancing community resilience against environmental challenges.
Financing a Low-Carbon Economy
DBP directs significant financial resources toward projects that reduce greenhouse gas emissions and promote environmental sustainability. The bank actively funds renewable energy projects, sustainable water and wastewater management, and energy efficiency programs. These efforts not only support the country’s transition to a low-carbon economy but also help businesses adopt sustainable practices while conserving natural resources.
By the end of 2023, DBP’s environmental loan portfolio surpassed PHP 49 billion, enabling the expansion of clean energy projects and resource-efficient technologies. The bank’s commitment to climate financing aligns with the Philippines’ low-carbon and climate-resilient strategies, integrating environmental, social, and governance (ESG) factors into its investment decisions.
Sustainable Operations and Accountability
DBP leads by example in implementing sustainability measures across its own operations. Energy-efficient lighting and air conditioning systems have been installed at its headquarters and branch offices, reducing overall energy consumption. A comprehensive waste management program has also been developed to reinforce the bank’s commitment to responsible resource use.
As a pioneer in sustainability reporting, DBP was the first state-owned enterprise in the Philippines to voluntarily disclose its ESG performance, aligning with the Global Reporting Initiative (GRI) framework since 2008. In 2022, it further demonstrated transparency by subjecting its disclosures to an external assurance review—an industry first among local banks. This commitment to accountability has set a benchmark for sustainability reporting in the Philippine banking sector.
A Legacy of Sustainable Finance
Through strategic partnerships and collaboration with government agencies, international organizations, and private entities, DBP plays a vital role in advancing sustainable development. Its proactive approach ensures inclusive economic growth while safeguarding the environment for future generations.
As a champion of sustainable finance, DBP’s initiatives serve as a model for responsible banking, proving that financial institutions can drive meaningful change while fostering economic progress.
.png)
