MANILA, Philippines - The Development Bank of the Philippines (DBP) was conferred the Environment Excellence Award by the Department of Environment and Natural Resources (DENR) during the 2011 Recognition Awards for Eco-Friendly Government Officers held last month. The government financial institution was cited for its various environmental initiatives such as the regular conduct of fire inspection in its Makati headquarters, installation of a fire alarm system in all floors, and purchase of firefighting equipment to ensure the safety of its employees and customers. It was likewise honored for the bank’s green procurement program, conversion of gasoline-fed vehicles to LPG, and its support to environmentally sustainable projects such as its partnership with the Sagip Pasig Movement. DBP chief operating officer Edgardo F. Garcia said that DBP has P17.7 billion available for environment programs and activities.