LANDBANK Senior Vice President for Corporate Banking Edward John T. Reyes and First Vice President for the Southern Luzon Lending Group Daisy M. Macalino received the award on behalf of the Bank.
The Bank was conferred with the “Outstanding Business Sustainability Achievement” award during the Karlsruhe Sustainable Finance Award ceremony held in Germany. The award recognizes financial institutions that have been successful in “incorporating economic, social and environmental aspects in the corporate strategy and business processes” and have embedded sustainability within their institutions.
LANDBANK became an official member of the Global Sustainable Finance Network in 2013, during which time the Bank was also conferred with a Certificate of Merit under the Outstanding Sustainable Project Financing Category. It was recognized for a loan facility extended to the Municipal Government of Sitangkai, Tawi-Tawi, which involved integrated projects for the construction and rehabilitation of wooden foot bridges and rock causeway, construction of the municipal stage, concreting of farm-to-market roads, and repair and rehabilitation of the town’s multi-purpose gym.
The GSFN was launched in 2011 by the European Organisation for Sustainable Development and the Association of Development Financing Institutions in Asia & the Pacific, in cooperation with the City of Karlsruhe, under the auspices of the World Federation of Development Finance Institutions. It has 328 member institutions in 154 countries.