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Cebu, Philippines – The Development Bank of the Philippines (DBP) has received the Green Initiatives Award for its pioneering sustainability efforts. DBP President and CEO Michael O. de Jesus accepted the Asia Corporate Excellence and Sustainability (ACES) Awards 2024 award, organized by MORS Group.

The award recognizes DBP’s commitment to sustainable financing and its leadership in adopting green practices. The bank, which is the 10th largest in the Philippines, supports various sectors, including infrastructure, SMEs, the environment, and community development.

The ACES Awards honor companies and leaders in Asia for integrating ESG principles. This year, 100 companies from 22 countries were recognized.

DBP’s history of sustainability includes being the first Philippine bank to be ISO 14001-certified for its Environmental Management System and Environmental Policy. DBP aims to continue its advocacy for sustainability through strategic partnerships and development financing facilities.