Wealth Development Bank Sustainability Profile
Wealth Development Bank, often referred to as WDB, is a prominent financial institution headquartered in the Philippines. Established in 1995, the bank has made significant strides in the banking sector, focusing on providing innovative financial solutions tailored to the needs of its clients. With a strong presence in key regions across the country, WDB excels in retail banking, corporate finance, and investment services. The bank's core offerings include savings and current accounts, loans, and investment products, distinguished by their customer-centric approach and competitive rates. Wealth Development Bank has garnered recognition for its commitment to financial inclusion and sustainable development, positioning itself as a trusted partner for individuals and businesses alike. With a solid market presence, WDB continues to evolve, adapting to the dynamic financial landscape while maintaining its dedication to exceptional service.
DitchCarbon Score
How does Wealth Development 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 Funds, trusts, and financial vehicles 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
Wealth Development Bank's score of 27 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wealth Development Bank's reported carbon emissions
Wealth Development Bank, headquartered in the Philippines, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. However, the bank is part of a corporate family that includes Woori Financial Group Inc., which influences its climate commitments and initiatives. As a current subsidiary of Wealth Development Bank, the bank's climate strategies are informed by the broader goals set by Woori Financial Group Inc. This includes adherence to science-based targets (SBTi) and other sustainability initiatives, although specific reduction targets or achievements have not been disclosed at this time. Wealth Development Bank's commitment to addressing climate change is aligned with industry standards, reflecting a growing recognition of the importance of reducing carbon footprints. While no direct emissions data is available, the bank's involvement in initiatives led by Woori Financial Group Inc. suggests a proactive approach to sustainability and climate responsibility.
How Carbon Intensive is Wealth Development Bank's Industry?
How Carbon Intensive is Wealth Development Bank's Location?
Wealth Development 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.
Wealth Development Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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