Landbank cited as Green Bank Champion

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The Landbank of the Philippines was recognized as the “Greenbank Champion for Environmental Due Diligence” by the Bankers Institute of the Philippines (BAIPHIL). Landbank’s commitment to environmental protection goes beyond its operations as it endeavours to influence its partners, suppliers, and clients to be environmentally-sound. The bank’s Environmental Due Diligence is embedded in its credit delivery starting from loan packaging until full payment, through which clients are assisted to comply with environmental laws and mitigate environmental risks that could result to possible imposition of fines and penalties or closure due to environment-related violations. Landbank likewise recognizes the efforts and cooperation of clients with outstanding environmental programs through various awards, such as the Best in Environmental Protection Award under the “Gawad sa Pinakatanging Kooperatiba (GAWAD PITAK) and the SME Makakalikasan Award Gawad Entrepreneur. The BAIPHIL Green Bank Challenge was organized to encourage the banking community to adopt environmentally-friendly practices in their day-to-day operations as well as to contribute to environmental causes.

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