The Land Bank of the Philippines (LANDBANK) has achieved a historic milestone, securing the first-ever Special Recognition for Financial Institution at the Department of Energy's (DOE) Sustainable Energy Awards 2025. This prestigious award highlights the bank's pivotal role in financing the country's shift towards a cleaner and more sustainable energy future.
A Landmark Award for Sustainable Finance
During the ceremony held on December 16, 2025, in Makati City, Energy Secretary Sharon S. Garin led the conferment of the award. She was joined by key DOE officials including Assistant Secretaries Augustus Cesar A. Navarro, Eden C. Brion-Bakilan, and Myra Fiera F. Roa, as well as National Renewable Energy Board official Liza Pangilinan. LANDBANK Senior Vice President Charlotte I. Conde and First Vice President Eden B. Japitana accepted the honor on behalf of the bank.
Now in its second year, the Sustainable Energy Awards celebrate champions of the Philippines' low-carbon transition. LANDBANK's special award underscores the critical function of the financial sector in accelerating renewable energy projects and enabling long-term green investments.
"This recognition affirms LANDBANK’s long-standing commitment to financing projects that deliver real impact," said LANDBANK President and CEO Lynette V. Ortiz. "As the country’s premier government financial institution, we remain steadfast in mobilizing capital toward a cleaner, more resilient, and inclusive Philippine economy."
Driving Impact Through Billions in Loans and Future Bonds
The award is backed by substantial financial action. As of October 2025, LANDBANK has disbursed a staggering ₱176.48 billion in sustainable finance loans. These funds support a wide range of critical areas, including:
- Renewable energy generation
- Clean transportation systems
- Water access and sanitation projects
- Affordable housing
- Disaster resilience programs
- Health system improvements
To further scale up this effort, LANDBANK announced a major upcoming initiative: a sustainability bonds offering in the first quarter of 2026. These bonds are designed to offer investors a secure fixed-income option with yields potentially higher than traditional deposits. The proceeds will be channeled into national development priorities such as agriculture, MSMEs, renewable energy, housing, and infrastructure.
Strengthening Partnerships for Geothermal Development
Beyond financing, LANDBANK is deepening its collaboration with the government. The bank has signed a Memorandum of Agreement (MOA) with the DOE for the Philippine Geothermal Resource De-Risking Facility (PGRDF). This strategic partnership aims to unlock the country's vast geothermal potential.
Under the agreement, the DOE will serve as the executing agency, providing policy direction, setting technical standards, and overseeing the program. LANDBANK will act as the facility administrator and manager, handling sub-loan applications, managing fund releases based on project milestones, and ensuring nationwide implementation.
This multi-faceted approach—combining prestigious recognition, massive loan disbursements, innovative bond instruments, and strategic government partnerships—solidifies LANDBANK's position as a cornerstone of the Philippines' sustainable development and clean energy transition.
