Philippine Business for Social Progress (PBSP)
As a group of businesses that want to create meaningful social change, the Philippine Business for Social Progress (PBSP):
-implements development projects on behalf of the private sector, and
-promotes the practice of corporate citizenship as a model for poverty reduction
The Foundation has over 230 corporate members and growing, who contribute millions of pesos every year to fund poverty reduction projects. PBSP provides the largest financial assistance for poverty reduction among NGOs – as we celebrate our 40th year, we have about P1 billion to invest in education, health, livelihood and the environment.
Companies course their community assistance funds to PBSP, so we can pool resources and multiply the development benefits. This solid financial base set up by our members has allowed PBSP to become a trusted partner to local and international development agencies.
With the combined resources of the private sector and assistance from the donor communities, PBSP has been able to leverage financial assets, extend our reach in the communities and amplify our impact.
To date, PBSP has directly benefited over 5 million Filipinos and assisted over 6,400 social development projects through more than P7.6 billion in grants and development loans.
Although PBSP is a corporate program, we adopt the community development model to reach opportunity-poor Filipinos. We are where people need us the most. PBSP operates nationwide with regional offices in Cebu and Davao, plus technology centers in Laguna and Samar.
To lead the business sector’s efforts to reduce poverty in the Philippines.
PBSP is committed to poverty reduction by promoting business sector leadership in, and commitment to programs that lead to self-reliance.
Creation of livelihood opportunities
Creation of small enterprises and jobs
Provision of basic services such as education and health
Increase in number of members and their involvement in PBSP’s poverty reduction programs
Building of capacities of partners
Building of partnerships and alliances
Increased corporate contribution to poverty reductionSee more