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 reports indicate an energy intensity of 0.0 MJ/employee, but no absolute emissions data is provided. This lack of emissions data has been consistent across previous years, including 2020 and 2019. DBP has not set any specific reduction targets or initiatives, nor does it participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). The absence of disclosed emissions and reduction commitments suggests that the bank may be in the early stages of developing a comprehensive climate strategy. Overall, while the Development Bank of the Philippines is positioned in the financial sector, its current climate commitments and emissions data remain unspecified, indicating a potential area for future development in sustainability practices.
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.
