Landbank backs ABS-CBN Foundation's Bantay Baterya, Bantay Langis projects

Manila, Philippines - The Land Bank of the Philippines recently signed an agreement with the ABS-CBN Foundation Inc. (AFI) to support the latter’s Bantay Baterya and Bantay Langis projects.

The Bantay Baterya project aims to aid in the eradication of pollutants caused by improper handling and disposal of batteries by collecting used, junk lead-acid batteries for recycling into fresh raw materials for the production of new batteries.

Meanwhile, the Bantay Langis project also aims to reduce dangers to the environment and public health by facilitating treatment and recycling of used industrial and engine oil.

“This tie up is a significant step we are glad to take with ABS-CBN Foundation as we work towards our mutual goal of environmental protection. By starting with small steps such as proper handling and disposal of used oil and batteries, organizations and individuals alike can help prevent further damage to the environment,” said Landbank senior vice president for corporate services Jocelyn Cabreza.

Under the agreement, Landbankwill donate its used batteries and used oil and their equivalent monetary value to the foundation for use in the latter’s environmental preservation projects. AFI will coordinate the collection of the donated used batteries and oil through the partner transporters/ treaters – Philippine Recyclers Inc. (PRI) for the batteries and Genetron International Marketing Inc. for the used oil.

The agreements were signed by AFI chief finance officer Clarissa Ocampo and Landbank SVP Cabreza. Landbank first vice president for facilities and procurement services Romeo Castro, assistant vice president for facilities management Rodelio de Guzman, AFI program director Eduardo David Pardo, Rita Regalado of PRI, Jocelyn Panen of Genetron signed as witnesses.

LANDBANK continues to uphold its commitment towards sustainable development by maintaining environmentally-sound operations and implementing resource conservation and waste management initiatives.

It also extends loans to environment-related projects and access long-term development funds from international partners like the World Bank, Asian Development Bank, and KfW of Germany for re-lending to finance programs that address problems on water, solid waste management, sanitation and sewerage facilities, and renewable energy, among others.