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June 29, 2010 |
DBP has released its 2008 Sustainable Development Report — the first by a government financial institution – documenting the Bank’s performance using the Global Reporting Initiative (GRI) framework.
Themed “The Bigger Picture,” the report presents a comprehensive discussion of the sustainability of DBP’s operations vis-à-vis the broad scope of its development initiatives. As a supplement to the DBP Annual Report, it communicates the Bank’s performance beyond the financial dimension.
President & CEO Reynaldo G. David said the report offers a holistic perspective of the Bank’s programs and activities to promote and influence development in three interconnected aspects: economic, environmental and social. “This report bears witness to how DBP has remained true to its mandate of sustainable development. Through this sustainability report, we have fleshed out the positive impact of our continued financial strength in 2008 by illustrating in concrete, measurable terms how this was cascaded for the benefit of the society at large, while taking into account the need for environmental preservation and responsibility,” he said.
The GRI framework prescribes standards for publicly communicating an organization’s economic, environmental and social performance – also known as triple bottom line reporting. Using the GRI Guidelines, organizations such as corporate businesses, public agencies, smaller enterprises, NGOs, and industry groups may undertake value reporting based on these three specific issues in line with the global campaign to improve sustainable development outcomes.
The DBP Sustainable Development Report may be accessed at the GRI Reports database at www.globalreporting.org or the DBP website at www.devbankphil.com.ph. |
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