State-owned Development Bank of the Philippines (DBP) President and Chief Executive Officer, Michael O. de Jesus, has been named as one of the top leaders in Asia by a regional research organization for driving the dynamic growth strategy of the bank.
The “Top Leaders in Asia” award given to de Jesus is in recognition of his “steadfast commitment to promoting transparency, ethical governance, and with a focus on sustainability,” the Malaysia-based MORS Group said.
“Under the leadership of Michael de Jesus, DBP has not only led in financial innovation but has also made significant strides in promoting environmental and social governance,” MORS Group said. “The bank’s commitment to financing projects that support economic growth while addressing environmental and social challenges is truly commendable.”
DBP is the 10th largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small, and medium enterprises; environment; social services and community development.
The ACES Awards is an annual recognition of decision makers, organizations, and business groups in Asia that have successfully integrated Environment, Social and Governance (ESG) principles in their business operations. This year’s awarding rites held in Bangkok, Thailand honored 100 companies and business leaders from 22 countries in the region.
One of the 14 recipients of the “Top Leaders in Asia” award, de Jesus was cited for DBP’s expansion of development financing support to infrastructure and green financing initiatives and aligned with the 10-point agenda for economic development of President Ferdinand R. Marcos, Jr.
“I share this award with the rest of the men and women of the DBP and consider this as a validation that the Bank is on the right track in terms of being a more resilient and socially responsible government financial institution, and one that fosters sustainable development and helps in improving the quality of life of all Filipinos,” de Jesus said.