LandBank bags Karlsruhe award for 5th straight year
F - at the Karlsruhe Sustainable Finance Awards, this time for its “EcosystemResponsive (ER) Approach to Development Financing,” recognized under the Outstanding Sustainable Project Financing category.
Conferred by the Global Sustainable Finance Network, the award recognizeslongterm financing of outstanding projects that “benefit local communities, protect the environment, and ensure reliable returns to investors and lenders.”
- stitutions in the country, LandBank’s ER fund-sourcing scheme was de assistance funds reach and empower the poor, and reduce their vulnerabil - are programs being implemented by LandBank with funding from the Japan International Cooperation Agency (JICA), the World Bank and the KfW of Germany
“This recognition is a validation that we are on track in helping reduce poverty by providing access to bigger funding sources for projects that promote sustainable development and inclusive growth,”
LandBank Corporate Banking Group Head/Senior Vice President Ma. Celeste Burgos and Northern and Central Luzon Lending Group Head/Senior Vice President Filipina Monje receive the Certificate of Merit on behalf of the Bank from Karlsruhe Lord Mayor Frank Mentrup (leftmost) and European Organization for Sustainable Development CEO Arshad Rab (rightmost) during the Karlsruhe Sustainable Finance Awards 2017. LandBank President and CEO Alex Buenaventura said.
The award was received by Corporate Banking Group Head/SVP Ma. Celeste Burgos and Northern and Central Luzon Lending Group Head/ SVP Filipina Monje at the ceremony which was held as part of the annual Global Sustainable Finance Conference held in Karlsruhe, Germany.
LandBank has consistently received various recognitions in the Karlsruhe Sustainable Finance Awards for the of Merit - Outstanding Sustainable Project Financing Category (2013); Outstanding Business Sustainability - cate of Merit - Sustainable Financial Products and Services category for its Environmental Due Diligence system Innovation in Sustainable Financial Products and Services Category for the Climate Smart (Synergistic Mitigation,Adaptation, Resiliency, and Transformation) (2016).
Meanwhile, LandBank also signed the “Karlsruhe Resolution” which supports the United Nations-backed sustainable development goals (SDGs) and the Paris Climate Agreement (COP21), collectively referred to as “Agenda 2030” during the 7th Global Sustainable Finance Conference (GSFC 7) held on the same day.