Development Bank of the Philippines Sustainability Profile
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 20 is lower than 84% 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
The Development Bank of the Philippines, headquartered in the Philippines, currently does not have available carbon emissions data for the most recent year. As such, there are no specific figures regarding their total emissions, which would typically encompass Scope 1, Scope 2, and Scope 3 emissions. In terms of climate commitments, the bank has not outlined any specific reduction targets or initiatives. There are no documented climate pledges or commitments to the Science Based Targets initiative (SBTi) or other industry-standard frameworks. The absence of emissions data and reduction targets suggests that the Development Bank of the Philippines may still be in the early stages of formalising its climate strategy. As the financial sector increasingly prioritises sustainability, it is essential for institutions like the Development Bank of the Philippines to establish clear emissions reporting and reduction commitments to align with global climate goals.
How Carbon Intensive is Development Bank of the Philippines's Industry?
How Carbon Intensive is Development Bank of the Philippines's Location?
Development Bank of the Philippines's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Development Bank of the Philippines has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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