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Most Socially Responsible Bank

January 16, 2017

LANDBANK Senior Vice President Ramon R. Monteloyola receives the award for “Most Socially Responsible Bank” from H.E. Dato’ Ilango Karuppannan, High Commissioner of Malaysia, Embassy of Malaysia in Singapore during the Annual IFM Awards 2016 in Singapore.  LANDBANK also received awards for “Most Innovative Lending Platform” for the LANDBANK Mobile Loan Saver and “Best CSR Initiative” for its Gawad KATUBIGAN program.  

The Land Bank of the Philippines was named “Most Socially Responsible Bank” in the Philippines for 2016 by London-based International Finance Magazine (IFM) at the IFM Annual Awards held recently in Singapore. LANDBANK was recognized for its “strong commitment towards sustainable development and environmental protection” through the environmental due diligence (EDD) system for all projects financed by the Bank.

IFM also awarded the LANDBANK Mobile Loan Saver as “Most Innovative Lending Platform” and the Bank’s Gawad KATUBIGAN program as “Best CSR Initiative”. Gawad KATUBIGAN provides calamity-hit communities with access to clean water through portable water filtration systems.

Originally initiated as part of the requirements for World Bank-assisted projects, the EDD system was institutionalized by LANDBANK for all its financed projects, regardless of amount. LANDBANK established an Environmental Program and Management Department, which conducts the assessments of projects and provides the Bank’s lending units with an Environmental Assessment Report as a guide for the evaluation and approval of loan proposals.

LANDBANK has reaped various other recognitions from local and international organizations for its EDD system, including the Green Leadership Award at the 2015 Asia Responsible Entrepreneurship Awards, the Sustainable Business Award from the Global Initiatives (Singapore) and Price Waterhouse Cooper Philippines, and the Outstanding Business Sustainability Achievement Award from the Global Sustainable Finance Network in 2014. The Bankers Institute of the Philippines also recognized LANDBANK as Green Bank Champion in 2013.

The IFM Annual Awards recognizes individuals and organizations in the international finance industry that contribute to raising the bar in the financial services industry through innovative products or services, path-breaking initiatives in corporate social responsibility, better corporate governance, and other achievements that impact the global finance community.

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