It is the Bank’s policy to promote sustainable practices that will minimize negative environmental, social and reputation impact of the Bank’s financing activities and its clients’ operation. The sustainable practices that the bank wishes to pursue aim to encourage borrowers to adhere to the preservation and development of the natural, social, and cultural environment. The bank believes that good sustainable practices eventually pay dividends and are in the best interest of the borrowers.
The SOCIAL AND ENVIRONMENTAL MANAGEMENT SYSTEM (SEMS) of RCBC requires all lending relationships/credits, both pipeline and portfolio, are vetted from a social and environmental perspective.
The SEMS is based on International Finance Corporation (IFC) Performance Standards, directives of Environmental Management Bureau (EMB) and other government agencies and international/domestic best practices.
The social and environmental impact assessment process is a systematic way of identifying and assessing the type and scale of impact a project may have on the environment and social conditions. The SEMS assessment takes place before a lending decision is made and continues during the life cycle of the lending agreement with the client.
RCBC is committed to uphold social and environmental responsibility in all its business activities. We recognize that balancing non-financial factors such as environmental and social issues with financial priorities is essential to being a good corporate citizen and is fundamental to risk management and the protection of our investors and shareholders.
RCBC aims to influence awareness and social responsibility within the organization and with our clients. The bank believes that good sustainable practices is a key pillar of responsible lending which can have an endearing impact on the communities and environment.