Aboitiz tops Phl peers in S&P Global Corporate Sustainability Assessments

Aboitiz team members are guided by a firm belief in the Group’s values of integrity and responsibility. ‘The future depends on our continually evolving approach and commitment to the sustainability of people, planet, and prosperity,’ says the Group. | PHOTOGRAPH COURTESY OF AEV

Aboitiz Equity Ventures Inc. continues to put sustainability front and center as it charges forward with its “Great Transformation” into the country’s first “techglomerate” — a conglomerate redefined by technology, innovative thinking, and realistic sustainability.

In recognition of its strengthened sustainability efforts, AEV recently ranked first among Philippine companies in the Industrial Conglomerate Sector of the 2022 S&P Global Corporate Sustainability Assessments for the second year in a row. It also landed in the upper quartile among global peers in the same category.

The S&P Assessments are an annual evaluation of companies’ sustainability practices, enabling them to benchmark their performance on a wide range of industry-specific economic, governance, environmental, and social criteria.

The company saw notable score improvements driven by enhanced and accelerated ESG performance, as required by the Group’s reinvigorated values of integrity and responsibility. It also achieved maximum scores in two dozen critical criteria such as Environmental and Social Reporting, Risk Governance, and Climate Strategy.

“We cannot overstate the fact that we are committed to a mindset that views sustainability not as a cost of doing business, but as a way of doing business. Sustainability is an integral part of our strategy of creating shared value with both our internal and external partners,” Aboitiz Group president and CEO Sabin M. Aboitiz, said.

AEV scored highest in the “Economic and Governance” dimension, with big improvements in Materiality, Policy Influence, Supply Chain Management, and Innovation Management. It also outperformed its Philippine peers in the “Social” dimension by delivering marked improvements in Human Rights, Corporate Citizenship and Philanthropy, and Occupational Health and Safety.

Sustainability in all its forms and meanings remains at the heart of the Aboitiz Group’s “Great Transformation.”

“Our north star on this journey is the responsibility to create strong, sustainable, and scalable impacts,” said AEV Chief Reputation and Sustainability Officer Ginggay Hontiveros. “We believe our business can be a vehicle for the positive change we want to see in Philippine business as a whole.”

Inclusivity is a main ingredient in the Group’s recipe for success in sustainability. Through regular materiality assessments, the company exerts great effort to make sure it is always attuned to and aligned with the changing needs of its stakeholders. This enables the Group to create meaningful value with both internal and external stakeholders, and provide clear transparency in all levels of its value chain.

The company is also firmly committed to the health and safety of its employees and contractors through comprehensive and effective occupational well-being programs. The United Nations Global Compact and its principles are embedded in the company’s strategy, culture, and day-to-day operations, including a wide variety of collaborative projects that advance the UN’s Sustainable Development Goals.

AEV’s innovative and thoughtful approach to sustainability all boils down to its brand promise of advancing business and communities. As the company grows, communities grow with it. Its philanthropy arm, Aboitiz Foundation Inc., has always actively pursued impactful corporate social responsibility projects focused on education, enterprise and entrepreneur development, and the protection of the environment.

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