Land Bank
Land Bank of the Philippines, commonly referred to as Land Bank, is a leading financial institution headquartered in Manila, Philippines. Established in 1963, it has played a pivotal role in supporting the agricultural sector and rural development across the nation. With a strong presence in various regions, Land Bank focuses on providing innovative banking solutions tailored to the needs of farmers, fisherfolk, and small to medium enterprises. The bank offers a diverse range of products and services, including loans, deposit accounts, and investment options, all designed to foster economic growth and financial inclusion. Notably, Land Bank has achieved significant milestones, such as being the largest government-owned bank in the Philippines, which underscores its commitment to serving the underserved sectors of the economy. Its unique approach to community banking and development finance positions Land Bank as a cornerstone of the Philippine banking industry.
DitchCarbon Score
How does Land Bank'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
Land Bank'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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Land Bank's reported carbon emissions
In 2018, Land Bank of the Philippines reported total carbon emissions of approximately 6,644,600 kg CO2e, comprising 80,100 kg CO2e from Scope 1 (stationary combustion), 6,449,200 kg CO2e from Scope 2, and 5,952,400 kg CO2e from Scope 3 emissions. This data reflects a comprehensive disclosure of emissions across all three scopes, indicating a commitment to transparency in their environmental impact. Comparatively, in 2017, the bank's emissions were about 6,588,600 kg CO2e, with Scope 1 emissions at 84,900 kg CO2e, Scope 2 at 6,541,700 kg CO2e, and Scope 3 at 5,148,000 kg CO2e. This shows a slight increase in total emissions from 2017 to 2018. Despite the detailed emissions reporting, Land Bank has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The lack of a climate pledge further highlights the need for enhanced climate action strategies within the organisation. Overall, while Land Bank of the Philippines has made strides in emissions reporting, there remains an opportunity for the bank to set ambitious climate commitments and reduction targets to align with global sustainability goals.
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| 2017 | 2018 | |
|---|---|---|
| Scope 1 | 84,900 | 00,000 |
| Scope 2 | 6,541,700 | 0,000,000 |
| Scope 3 | 5,148,000 | 0,000,000 |
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.
Land Bank 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.
