DBJ Wins ADFIAP Environmental Development Award

The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has given its Environmental Development Award for 2009 to Development Bank of Japan Inc. (“DBJ”, President: Minoru Murofushi). The Manila-based association selected DBJ in recognition of its groundbreaking loan program employing environmental ratings, under which companies are assessed for the quality of their environmental management.

The ADFIAP awards were created to publicize deals of exceptional significance, and to share financial techniques, by honoring development banks in the region which have demonstrated outstanding performance during the previous fiscal year.

DBJ launched the Environmentally Responsible Management Evaluation Program in 2004 following exchanges of information with the United Nations Environment Program Finance Initiative (UNEP FI) and the Japanese Ministry of the Environment. Using a 120-question screening sheet, the bank evaluates companies’ environmental initiatives from a fair and neutral standpoint reflecting global environmental trends. Qualifying firms enjoy preferential rates of interest on DBJ loans. Over 150 such loans have been extended to date.

While introducing timely improvements to the Environmentally Responsible Management Evaluation Program, DBJ endeavors to support our clients in promoting environmentally sound management, under the corporate philosophy of “Applying financial expertise to design the future: applying creative financing to resolve clients’ issues as we work to earn the trust of our clients and help them achieve their future prosperity.”