The Development Bank of the Philippines (DBP), a venerable state-owned financial institution, has been a driving force behind economic growth and sustainability in the nation since its inception in 1947. Over the course of 76 years, DBP has continuously adapted to meet the evolving needs of the Philippines, initially focusing on post-World War II recovery and transforming into a key player in infrastructure development, logistics, environmental conservation, social services, and support for small and medium enterprises (SMEs). As a universal-commercial bank, DBP goes beyond convention, striving to provide financial access to underserved and underbanked communities.

DBP’s role in the Philippines has gained newfound significance with the “Build Better More” program, which underscores the bank’s importance in sustaining the nation’s economic growth trajectory. This growth is aligned with the Philippines’ aspiration for a “Matatag, Maginhawa at Panatag na Buhay” (a stable, comfortable, and secure lifestyle) by 2040, in harmony with regional efforts for economic, environmental, and social transformation.

DBP’s commitment to environmental sustainability aligns seamlessly with the Philippines’ pledge to reduce greenhouse gas emissions and the United Nations Sustainable Development Goals. The bank actively supports renewable energy, energy efficiency, sanitation, pollution prevention, resource conservation, and waste management, contributing to global goals for Decent Work and Economic Growth, Sustainable Cities and Communities, and Affordable and Clean Energy.

DBP’s dedication to sustainability extends back to the 1990s when it championed green initiatives. It was the first Philippine bank to attain ISO 14001 certification in 2002 and the first state-owned enterprise to disclose its annual sustainability performance in line with the Global Reporting Initiative by 2008. The bank further demonstrates its commitment to responsible banking through adherence to the Principles for Responsible Banking and the issuance of bonds supporting economic resiliency and sustainability programs.

Recognizing the power of partnerships, DBP collaborates with development allies to enhance financial inclusivity, infrastructure development, responsible entrepreneurship, social services, environmental preservation, and economic competitiveness. Noteworthy projects financed by DBP, such as a mini-hydroelectric power plant and transformative agricultural initiatives, highlight the bank’s dedication to diversity, inclusion, and community well-being.