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 for 2021, the Development Bank of the Philippines (DBP) has not disclosed specific carbon emissions figures, including Scope 1, 2, or 3 emissions. The bank's annual revenue for 2021 was approximately USD 397.78 million, but no emissions data has been reported for this year or the preceding years (2020 and 2019), indicating a lack of transparency in their carbon footprint reporting. DBP has not set any reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests that the bank may not currently be prioritising formal climate action initiatives. The absence of disclosed emissions data and reduction targets highlights a potential area for improvement in their sustainability practices. The bank's energy intensity metrics, while reported, do not provide specific emissions data, further underscoring the need for enhanced climate accountability. As DBP operates within the financial sector, it is crucial for them to align with industry standards for climate commitments to foster greater 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.
