MANILA — Land Bank of the Philippines (LANDBANK) has received the Karlsruhe Sustainable Finance Award for Outstanding Sustainable Project Financing for its portfolio supporting renewable energy and power infrastructure projects.

The award recognizes LANDBANK’s Sustainable Power and Energy Infrastructure Financing Portfolio, which funds large-scale projects aimed at expanding clean energy capacity, improving grid reliability, and meeting the country’s growing electricity requirements.

“This recognition inspires us to further expand financing for projects that will shape a cleaner, more energy-secure future for the Philippines. LANDBANK will continue to mobilize capital for strategic investments that deliver reliable power to communities, strengthen the economy, and advance sustainable development for generations to come,” said LANDBANK President and CEO Lynette V. Ortiz.

LANDBANK Senior Vice President Gonzalo Benjamin A. Bongolan accepted the award on behalf of the bank during the Karlsruhe Sustainable Finance Awards and Recognition Ceremony on Aug. 27, 2026, in Karlsruhe, Germany.

The award was presented by Karlsruhe Lord Mayor Dr. Frank Mentrup and Arshad Rab, chairman of the International Council of Sustainability Standards for Value-Driven Financial Institutions and chief executive officer of the European Organisation for Sustainable Development (EOSD).

“Economic growth requires infrastructure, and infrastructure requires capital. LANDBANK’s participation in major solar and pumped-storage hydropower projects in the Philippines demonstrates the important role that a public financial institution can play in meeting this challenge,” said Rab.

Among the projects supported through LANDBANK’s financing portfolio are the 1,400-megawatt Ahunan Power and 600-megawatt Olympia Violago pumped-storage hydroelectric plants, as well as the 160-megawatt Labrador Green Energy solar project.

LANDBANK said these projects are expected to expand clean power generation and improve the stability of the national grid.

The bank has so far mobilized more than ₱300 billion in financing and supported over 2,000 megawatts of renewable and energy-supporting capacity, contributing to the country’s long-term energy security and sustainability goals.

The Karlsruhe Sustainable Finance Award recognizes institutions and leaders advancing sustainable finance through initiatives with measurable environmental, social, and economic impact.

The recognition adds to LANDBANK’s recent international accolades, including being named the Philippines’ Best Retail Bank by Euromoney and receiving the International Finance Awards’ recognition for Fastest Growing Digital Banking Services in the Philippines for 2026.

The bank has also received distinctions from Global Banking & Finance Review, Pan Finance, and The Asset Triple A Sustainable Finance Awards for its work in development banking, agricultural finance, digital innovation, and sustainable finance.