Corporate Social Responsibility
A commitment of CBI to develop and implement appropriate and needs-based programs, projects and activities geared towards the promotion of the well-being of its clients and families, and attain clean, safe, progressive communities and a sustainable environment. It is an inherent and essential element of the bank’s corporate governance to attain corporate excellence.
Cantilan Bank’s Corporate Social Responsibility programs are the following:
Cantilan Bank aims to help the communities by providing financial assistance during calamities and by sponsoring worthwhile activities. It could be through mass feeding, bloodletting, medical missions and community-sponsored games.
Banking on Waste (BOW)
A project designed to initially address the waste management problem in Cantilan. It is characterized by the doable and environmentally sound use of techniques to minimize wastes.
This aims to promote and advance organic farming and other compost technologies in the countryside, particularly among farmer-clients of the bank.
Cantilan Bank is committed to support forest management efforts and protect critical watersheds from being exploited by mining interests through organized partnerships with government and non-government organizations.
Financial Literacy Program
This project helps enhance the level of capacity of the bank’s clients toward personal and family budgeting, thrift, savings and credit discipline. It is a strategy to strengthen the client’s social capital and credit-worthiness.
Sustaining 4Ps Communities through CSR
Parallel to the relentless efforts of CBI to pursue its vision as a leading force in community banking is its commitment to leave no sector behind in its journey towards a meaningful, integrative, and sustainable community development and economic growth.
Cantilan Bank Foundation, Inc. was organized in 2003 to take care of the social development dimension of CBI and is tasked to bring to the core of community development the three-fold bottom line of CBI’s corporate social responsibility - financial literacy, social preparation, and environmental sustainability.
This brings to light CBFI’s vision as a leading enabler and catalyst for reforms towards empowered, financially literate, and sustainable environment-driven communities and clientele.
The vision serves as the strategic framework of CBFI’s blueprint outlined into four key development milestones:
• Capacitate and organize a pool of CSR volunteers
• Advance and promote the CBI core bottom line as a viable option to scale-up social capital
• Develop enabling environment as a venue to empower CBI partner communities and clientele
• Help build healthy, peaceful, productive, sustainable, and ecologically-sound communities.
As a strategy to translate CBFIs mission to action, it entered into a volunteer partnership agreement with DSWD in the implementation of the 4Ps program.
The engagement provided the opportunity for both CBI and CBFI to put on the ground its triple bottom line and complete the loop of community development intervention as service provider for the conditional cash transfer program and partner in enhancing the financial and economic capacity of the 4Ps, thereby providing opportunities for sustainability even beyond the 4Ps program.
The intervention includes the servicing of CCT grants cash transfer through the bank’s ATM services, providing financial literacy value formation through the 4Ps monthly Family Development Sessions (FDS), social preparation, community organizing, skills enhancement and livelihood training, active community participation, and environmental conservation.
The 4Ps program is a poverty-reduction strategy of the national government that provides conditional cash assistance to extremely poor households to help improve the health, nutrition and education especially of children aged 0 to 14 years old. The program also promotes responsible parenthood through the conduct of the monthly Family Development Sessions (FDS) and FDS+ to enhance productivity and community involvement and participation.