The PSU Extension Office has furthered its reputation as one of the most dynamic units in the Palawan State University as it has just recently been recognized in the Development Bank of the Philippines’ Forest Program.
The DBP website shares that this is “a corporate social responsibility project that aims to protect and restore green cover in critical forest sites through the planting of high value fruit trees”.
While the University of the Philippines capped the first prize for their successful 400 hectare plantation, the PSU has come in at a close second place. The PSU Extension Office is hugely credited for the success of its abaca and rubber plantation. True to its commitment, the Extension Office has provided an opportunity for indigenous peoples of the pertinent locale to be trained and employed as forest workers and rubber tappers operating on a total of 157 hectares of land.
The DBP has established itself as a prime mover for this cause through its Forest Program, being chiefly responsible for a total of 44 projects all over the Philippines which have allowed for the planting of close to 5 million trees. To keep the dynamism alive, the DBP has chosen to reward and recognize its successful partners, which include stakeholders such as peoples’ organizations, state universities and local government units.
Success Beyond Borders
Meanwhile, the DBP has been recognized internationally, thanks in part for the same project that PSU is involved in. In the 2015 Global Sustainable Finance Conference held from June 11-12, 2015 in Karlsruhe, Germany, the DBP earned a highly sought after achievement in the Karlsruhe Sustainable Finance Awards, specifically in the “Outstanding Sustainable Project Financing” category.
In particular, the DBP received acclaim for a couple of entries namely, the Cebu Bulk Water Supply Project and the previously mentioned Palawan State University Forest Project.
The Karlsruhe Sustainable Finance Awards aims to distinguish efforts highlighting outstanding contributions in the field of sustainable finance among financial institutions and organizations all over the world.