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Manila Bulletin devider Business devider Banking & Finance devider Citi honored at AmCham Philippines' First Corporate Social Impact Awards

Citi honored at AmCham Philippines' First Corporate Social Impact Awards

By MBrand
Published Jul 19, 2025 12:04 pm
Philippines Citi Country Officer & Banking Head Paul Favila (middle) receives an award from US Ambassador MaryKay Carlson and AmCham Philippines Executive Director Ebb Hinchliffe.
Philippines Citi Country Officer & Banking Head Paul Favila (middle) receives an award from US Ambassador MaryKay Carlson and AmCham Philippines Executive Director Ebb Hinchliffe.
Citi Philippines received three awards from the American Chamber of Commerce of the Philippines (AmCham Philippines) inaugural Corporate Social Impact (CSI) Awards.
AmCham Philippines launched the awards last May in partnership with the United States Embassy in the Philippines, highlighting companies that go beyond profit to create positive change. This year’s awards were open to U.S.-headquartered AmCham Philippines member companies and were evaluated based on impact, innovation, and sustainability.
The inaugural awards ceremony recognized 40 companies for their impactful work.
The awards recognize achievements across five core categories: Education and Workforce Development, Sustainability and Resource Management, Economic Participation and Opportunity, Health and Emergency Assistance, and Community Support and Engagement.
Citi seeks to enable economic progress in the communities it serves by leveraging the breadth of the firm’s business capabilities, expertise and volunteers, as well as Citi Foundation philanthropy. Citi Philippines was the most-awarded firm at the AmCham Philippines CSI Awards.
Citi Philippines was given the Gold Award for Education and Workforce Development, in recognition of Citi Foundation’s support for the Philippine Business for Education (PBEd) and its JobsNext program which assists Filipino youth joining the workforce.
The bank also bagged the Silver Award for Economic Participation and Opportunity for the Digital Financial Inclusion Awards (DFIA), which is funded by the Citi Foundation in collaboration with the Microfinance Council of the Philippines Inc. (MCPI) supported by the Bangko Sentral ng Pilipinas. This initiative provides monetary assistance and training to the country’s outstanding microentrepreneurs;
Lastly, the Bronze Award was given for the Citi Foundation’s Global Innovation Challenge, which was launched in 2023 to support community organizations that are developing innovative solutions to challenges facing low-income communities around the world. The inaugural year tackled food security and the 2024 iteration focused on addressing homelessness. Global Innovation Challenge grant recipients in the Philippines include World Vision Philippines, Negros Women for Tomorrow Foundation and Gawad Kalinga Community Development Foundation.
In her keynote message, U.S. Ambassador to the Philippines MaryKay Carlson emphasized the strong ties between the American and Philippine business communities and their shared commitment to drive positive social change.
Philippines Citi Country Officer and Banking Head Paul Favila said this recognition is a testament to the long history and positive impact of the community programs of Citi and Citi Foundation in the Philippines
“We are honored and very much surprised to receive three awards at the inaugural AmCham Philippines Corporate Social Impact Awards. We would like to thank our community partners who have worked tirelessly on behalf of the communities around us– from the Filipino youth, to microentrepreneurs, the farmers and the homeless. We continue in our mission to enable progress and use our global resources and expertise to support the communities we serve,” said Philippines Citi Country Officer and Banking Head Paul Favila.

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