Drink, in preparation for the latest sustainability report of Land Bank of the Philippines (LANDBANK), recently concluded a series of stakeholder engagement sessions for the Bank’s key stakeholders. Participants included LANDBANK’s employees, government partners, clients (particularly farmer cooperatives and small enterprises), CSR program beneficiaries, and more.
As part of its ongoing sustainability efforts, LANDBANK continues to focus on improving its relationship with stakeholders through constant dialogue. This year, four sessions were held in strategic sites across the country: NCR and Legazpi in Luzon, Cebu in the Visayas, and Pagadian in Mindanao.
The sessions were designed by Drink to encourage LANDBANK’s internal and external stakeholders to share and discuss topics that are important to them. Through this open and transparent exercise, LANDBANK was better able to understand stakeholder concerns and will be given the opportunity to improve its programs and services.
A crucial part of the sustainability reporting process, stakeholder engagement allows reporting organizations to better respond to the needs of the communities they serve, leading to improved program outcomes, increased business efficiency, and greater community impact.