Development Bank of the Philippines funds reforestation in San Jose
What happened
The Development Bank of the Philippines provided P5.39 million in assistance to the Provincial Government of Tarlac under its corporate social responsibility program. This funding is intended to jumpstart reforestation activities in San Jose and help mitigate the risk of flooding in the area. The program will enable the planting of 22,440 native and fruit-bearing trees across at least 100 hectares of degraded land.
From punto.com.ph
Why it matters
The assistance supports the Development Bank of the Philippines’ commitment to environmental initiatives, specifically through its DBP Forest Program. The bank, which is the tenth largest bank in the country, provides credit support to sectors including the environment and social services.
State funding is being used to restore and expand the urban canopy in San Jose.
From punto.com.ph
Who's involved
- Development Bank of the PhilippinesProvided P5.39 million in assistance for environmental reforestation efforts.
- San JoseLocation where the reforestation activities are being implemented.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
The Department of Environment and Natural Resources might see its environmental protection mandate supported by the bank's funding.
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The entities involved
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Development Bank of the Philippines
bank in the Philippines
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San Jose
city of the Philippines in the province of Nueva Ecija
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