DBP has been voluntarily disclosing its sustainability performance since 2008, guided by the Global Reporting Initiative (GRI) framework and a goal to provide stakeholders a clear, accurate, and balanced view of the Bank’s overall performance. “Mainstreaming Sustainability. Developing Our Nation” is DBP’s 7th Sustainable Development Report (SDR) and showcases the Bank’s continuous commitment to uphold the principles of transparency and accountability.
The cover highlights the Bank’s strengthened role as the country’s infrastructure development partner, tasked with building possibilities for Filipinos. The various development projects under its priority thrusts are shown as blocks in DBP’s corporate colors of blue and red. It is from these blocks that the Bank hopes to build a stable structure for the country’s inclusive and equitable development.
This report presents the allocation of proceeds of the DBP ASEAN Sustainability Bonds per use of category as defined in the DBP Sustainable Financing Framework (“Framework”) and the environmental and social performance indicators of the Eligible Assets included in the portfolio.
The Development Bank of the Philippines works together with strategic development partners such as industry and businesses, financial institutions, rural banks, local government units, national government agencies and non-government organizations to fulfill its developmental mission for the benefit of more and more Filipinos.
As the nation marches towards progress, DBP supports the national government in achieving its agenda to power the country towards sustainable economic growth. The cover presents a dynamic play of the bank’s corporate colors. Rays of blue and red open into a collage of infrastructure projects, depicting one of the key priorities of DBP as the government’s infrastructure bank. The historic 50-year old headquarters is prominently displayed in the design. It is a testament and witness to the long-term and unwavering commitment of DBP to ensure the country’s economic development.
The Development Bank of the Philippines (DBP) is working towards inclusive growth. From its lending facilities such as the DBP PASADA to deposit products that aim to assist more Filipino families to become financially-inclusive, DBP has the initiatives to support the National Government’s goal of promoting country-wide progress. Cover photo shows an artist’s interpretation of how small deposits can play a pivotal role in driving DBP’s inclusive growth efforts.
Things are looking up for DBP. Fresh from a strong financial showing in 2018, DBP is committed to continue supporting strategic sectors of the economy, delivering topnotch banking services to its customers, and assisting the National Government in achieving its inclusive growth agenda.
The Development Bank of the Philippines’ new tagline, “We Build Possibilities” underlines its commitment to support programs and initiatives that bring about opportunities for growth for the key sectors it serves through its various lending and deposit products and services.
The Development Bank of the Philippines believes that in order to truly build the nation, there is a need to develop and support infrastructure initiatives on a countrywide scale — with a reach that is far and wide, from key urban cities to the countryside.This issue showcases DBP’s various infrastructure and logistics projects highlighted by the new Terminal 2 of the Mactan-Cebu International Airport (MCIA), one of the bank’s biggest and most notable projects to date. The MCIA is a globally competitive airport that positions Cebu as the country’s premiere gateway to the world.
The value of a gem is judged according to its strength and brilliance. Like a diamond with a sheen that is matched by its hardness, DBP, with its legacy of resilience, stability and relevance, is truly a prime jewel in the National Government’s development efforts over the last seven decades.
With 300,000 square kilometers of land – mostly waiting to be tapped for business and economic activities, and with more than 100-million in population – a great number converging in already very crowded places, the Philippines takes on the challenge of addressing congestion and spreading inclusive growth. Recognizing the urgent need to undertake more decisive and concrete action, the government refocuses its priorities towards further harnessing the vast economic potential of the country. And it all comes down to infrastructure development as a requisite for businesses to thrive and grow, to stimulate economic activities, and to be able to provide livelihood to more and more Filipinos across the nation. As the country enters into a new wave of advancement towards inclusive growth, a golden age of infrastructure has dawned. DBP’s development mandate has been sharpened and made more relevant. The time has come to BUILD! BUILD! BUILD!
More than reporting the Bank’s financial performance for the year, our 2015 Annual Report aims to chronicle the story behind the numbers. Our DBP bankers and their customers create not just the financial results but the projects that serve as engine of growth, catalyst for progress. Not just a snapshot of a year, but a continuing history of our Bank’s role in the prosperity and the rise in living standards of our people due to our financing of the key sectors of the Philippine economy.