Development Bank of the Philippines
The Development Bank of the Philippines (DBP), headquartered in the Philippines, is a pivotal player in the country's banking sector, primarily focusing on development finance. Established in 1973, DBP has played a crucial role in supporting infrastructure, agriculture, and small to medium enterprises across various regions, including Luzon, Visayas, and Mindanao. As a government-owned bank, DBP offers a range of financial products and services, including loans, investment banking, and treasury services, tailored to foster economic growth and development. Its commitment to sustainable financing and community development distinguishes it from other financial institutions. With a strong market position, DBP has achieved notable milestones, including significant contributions to national infrastructure projects, reinforcing its status as a key driver of economic progress in the Philippines.
DitchCarbon Score
How does Development Bank of the Philippines's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Development Bank of the Philippines's score of 17 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Development Bank of the Philippines's reported carbon emissions
As of the latest available data, the Development Bank of the Philippines (DBP) has not disclosed specific carbon emissions figures for the years 2019, 2020, or 2021, indicating a lack of reported Scope 1, Scope 2, and Scope 3 emissions. The bank's annual reports do not provide absolute emissions numbers, which limits the ability to assess their carbon footprint directly. Despite the absence of specific emissions data, DBP is committed to sustainability and has outlined various initiatives aimed at reducing its environmental impact. However, there are currently no documented reduction targets or climate pledges associated with the bank. This lack of formal commitments may reflect a broader industry context where financial institutions are increasingly being called upon to enhance transparency and accountability regarding their climate-related impacts. DBP's approach to sustainability is crucial, especially as the financial sector plays a significant role in funding projects that can either contribute to or mitigate climate change. The bank's future commitments and actions will be essential in aligning with global climate goals and responding to stakeholder expectations for environmental responsibility.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Development Bank of the Philippines is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
