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 94% 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, and 2021, indicating a lack of reported emissions data. Consequently, there are no defined Scope 1, 2, or 3 emissions figures available for these years. DBP has not set any formal reduction targets or initiatives, nor have they made commitments to the Science Based Targets initiative (SBTi) or similar climate pledges. This absence of specific climate commitments suggests that while the bank may be aware of the importance of addressing climate change, it has yet to establish measurable goals or publicly report on its carbon footprint. In the context of the banking industry, it is increasingly vital for financial institutions to engage in transparent reporting and set ambitious climate targets to align with global sustainability efforts. As DBP continues to develop its sustainability strategy, future disclosures may provide clearer insights into its carbon emissions and climate commitments.
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.
