The developmental impact of the financed environmental projects of the development bank of the Philippines in the promotion of equity and sustainable development.
The Development Bank of the Philippines (DBP), the first Philippine bank to be ISO 140001 certified, plays a vital role in promoting environmental protection, health, and safety. It continues to play a proactive role in integrating environmental investments into development projects. In order to show its commitment to environmental protection and sustainable development, DBP integrates and implements environmental considerations into all aspects of its operations and services, assets management, and business decisions. It has instituted various credit programs that support the adoption of environmental technologies and continues to provide credit support to environment-friendly industrial operations; this is one of its major thrusts. The environmental credit programs are geared toward the promotion of the protection and enhancement of the quality of the environment. The objective of this research study was to determine the developmental impact of the DBP financed environmental projects in attaining sustainable development. It specifically identifies the number and amount of loan exposures on the different projects financed and the environmental benefits for the period January 2005 to December 2006.
Lucero
Noli B
NB
Development Bank of the Philippines, Ilagan, Isabela, Philippines. noli_lucero@yahoo.com