Land Bank Sustainability Profile
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 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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Land Bank's reported carbon emissions
In 2018, Land Bank of the Philippines reported total carbon emissions of approximately 6,500,600 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. The previous year, 2017, saw total emissions of about 6,000,000 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. In 2016, only Scope 2 emissions were reported, amounting to 6,845,190 kg CO2e. Despite these figures, Land Bank has not established specific reduction targets or initiatives, nor have they committed to any climate pledges or SBTi targets. The absence of reduction initiatives indicates a potential area for improvement in their climate strategy. The emissions data is not cascaded from any parent organization, reflecting the bank's independent reporting on its carbon footprint.
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| 2016 | 2017 | 2018 | |
|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 |
| Scope 2 | 6,845,190 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Land Bank's Industry?
How Carbon Intensive is Land Bank's Location?
Land Bank'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.
Land Bank 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.
