THE CBNV SUSTAINABILITY PHILOSOPHY
Cooperative Bank of Nueva Vizcaya as a cooperative as well as a banking institution has the responsibility to do its business in a manner conforming to norms and in line with the government’s sustainable development plan. Every person doing and having business with the Bank must in a way contribute to the goals of caring for the environment in order to sustain its existence in the community.
Consistent with the Bangko Sentral ng Pilipinas (BSP) and Cooperative Development Authority (CDA) requirements, the Bank draws its sustainable principles and risk management strategies to cope with the environmental and social risks as a way to corroborate the Philippines’ Developmental Plan for protecting the environment.
SUSTAINABILITY PRINCIPLES
We, the stakeholders of the CBNV, strive to ensure that we do business and are committed to integrating sustainability in a bank-wide environment.
- It is the Bank’s commitment to balance economic success with environmental and social responsibility;
- The Bank aligns its strategic objectives with the UN Sustainable Development Goals;
- The Management of E&S risks entails the processes of identification, assessment and response;
- E&S risks cut across credit risk management, operational risk management and investment activities;
- Effective management of E&S Risks is a result of collective action of all personnel in the Bank;
- The Bank’s ESRMS shall be commensurate with its size, nature and complexity of operations;
- The management of E&S risks shall increase stakeholder value and contribute to the Bank’s long-term sustainability & its immediate commitment.
LINKAGE WITH THE SUSTAINABLE DEVELOPMENT GOALS
Cooperative Bank of Nueva Vizcaya in its own way, aims to contribute to the 2030 Sustainable Development Goals (SDG) through its products and services, and cooperative social responsibility programs.
END POVERTY IN ALL ITS FORMS EVERYWHERE
- CBNV allocates yearly loan funds for sustainable agri-business financing thru the CLFF.
- It will adopt a community thru Gender and Development initiatives under its Cooperative Social Responsibility Program.
END HUNGER, ACHIEVE FOOD SECURITY AND IMPROVED NUTRITION AND PROMOTE SUSTAINABLE AGRIBULTURE
- CBNV allocates yearly loan funds for sustainable agri-business financing thru the CLFF.
- It will adopt a community thru Gender and Development initiatives under its Cooperative Social Responsibility Program.
- It will implement selective financing for farmers shifting to organic farming, mechanized greenhouse and Agri-tourism farms.
ENSURE HEALTHY LIVES AND PROMOTE WELL-BEING FOR ALL AT ALL AGES
- CBNV allocates yearly loan funds for sustainable agri-business financing thru the CLFF.
- It will adopt a community thru Gender and Development initiatives under its Cooperative Social Responsibility Program.
- It will implement selective financing for farmers shifting to organic farming, mechanized greenhouse and Agri-tourism farms.
ENSURE INCLUSIVE AND EQUITABLE QUALITY EDUCATION AND PROMOTE LIFELONG LEARNING OPPORTUNITIES FOR ALL
- CBNV supports the professional development of our employees. We encourage them to participate in internal as well as external training and seminars on an ongoing basis.
- It values the contribution and new perspective that young people bring to the company. It will offer a variety of internships and an apprenticeship program in partnership with different schools for their work immersion and On-the-Job Training.
- It values the importance of quality education and offers low-cost educational financing for employees and their beneficiaries.
ACHIEVE GENDER EQUALITY AND EMPOWER ALL WOMEN ANG GIRLS
- It shall adopt a community thru Gender and Development initiatives under its Cooperative Social Responsibility Program.
- It shall allocate a counterpart fund for the DA-ACPC funded AGRIPINAY Loan Program.
- The yearly allocated three percent from the net surplus will support the Bank’s yearly Cooperative Social Responsibility Initiatives.
ENSURE AVAILABILITY AND SUSTAINABILITY MANAGEMENT OF WATER NAD SANITATION FOR ALL
- It will adopt a community thru Gender and Development initiatives under its Cooperative Social Responsibility Program.
- It will provide water sources by donating water pumps in adopted communities.
ENSURE ACCESS TO AFFORADABLE, RELIABLE, SUSTAINABLE AND MODERN ENERGY FOR ALL
- It minimizes the environmental impact of our internal operation through the proper use of resources.
- It will shift to energy-efficient lighting in all branch offices for the next 5 years. Solar panels will be the source of all outdoor lighting for all offices and branches.
- It will develop a loan product that will cater to clients’ needs shifting to renewable energy such as solar-paneled irrigation/water supply systems.
- It will allocate yearly funds to replace all non-LED lighting and the use of air conditioning with inverters.
PROMOTE SUSTAINED INCLUSIVE AND SUSTAINABLE ECONOMIC GROWTH, FULL AND PRODUCTIVE EMPLOYMENT AND DECENT WORK FOR ALL
- The Bank recognizes the importance of its workforce, its bottom line will not be focused on profit alone, the employees and their families are part of the growing community of the Bank.
- It advocates providing a decent place to live for employees through the Bank’s Employees’ Fringe Benefit Loan (FBL) Program for low-cost housing, repairs, and renovations.
- Every employee is an associate shareholder of the Bank for a sense of ownership, profit-sharing, and patronage refunds.
ENSURE SUSTAINABLE CONSUMPTION AND PRODUCTION PATTERNS
- It will adopt paperless meetings thru the provision of laptops to all officers, BOD members, and heads of offices in attendance.
- It will promote incentivizing offices that will reduce the consumption of supplies and practice “No waste materials in the workplace.”
- It will promote recycling items such as paper, plastic, glasses, and aluminum.
TAKE URGENT ACTION TO COMBAT CLIMATE CHANGE AND ITS IMPACTS
- It shall adopt waste management, proper recycling, and the disposal of waste.
- It adopts the “NO SMOKING” policy in all branches and offices.
- It adopts an absolute ban on the use of Styrofoam on a bank-wide basis.
- It will partner with private and government organizations in tree-planting activities.
STREGTHEN THE MEANS OF IMPLEMENTATION AND REVITALIZE THE GLOBAL PARTNETSHIP FOR SUSTAINABLE DEVELOPMENT
- It will form partnerships with the primary cooperative shareholders to give impact he Bank’s plan AND initiatives for the implementation of theses sustainable goals.
