Some of these activities include the Annual Aboitiz Groupwide simultaneous tree planting, Cleanergy Park, watershed projects, adoption of protected areas, Adopt-a-River, Adopt-a-Marine Sanctuary, coastal and river clean-ups, and Philippine Eagle Adoption. AEV joins more than 930 international supporter organizations with a combined market capitalization of USD11 trillion that commit to developing voluntary and consistent climate-related financial risk disclosures. The commitment aims to lower emissions, address climate change resilience, and embed sustainability in our business processes. 1827 “An Act to Regulate Lobbying in the Congress of the Philippines and in the Commission on Appointments”, Republic Act 11232 “Act Providing for the Revised Corporation Code of the Philippines” and the Omnibus Election Code of the Philippines. Corporate social responsibility (CSR) and Environment, Social, Governance (ESG) sustainability data for Aboitiz Equity Ventures Inc., Conglomerates and Philippines. Our transition towards a sustainable future needs to redefine our leadership functions and responsibilities to strengthen the company’s strategy, work plans, and performance targets. of Common Shares Outstanding and Entitled to Vote Stockholders Present in Person (Common Shares) and Republic Act 6969 Toxic Substances and Hazardous and Nuclear Wastes Control Act of 1990. Through the years, the company has communicated its commitment and initiatives on corporate governance and sustainability to … Find the latest Earnings Report Date for Aboitiz Equity Ventures Inc. ADR (ABTZY) at Nasdaq.com. To view the Code of Ethics and Business Conduct of Aboitiz Equity Ventures, click, The entire Rights of Shareholders can be read, In a testament to this commitment, AEV has signed on as the first Philippine company to support the. By the end of 2019, Cleanergy Park recorded the following:Â. JG Summit … Sustainability Report. AboitizPower commits to providing reliable power supply to enhance customer satisfaction. Aboitiz Power Corporation (AboitizPower) took the major lead in Aboitiz Equity Ventures, Inc.’s (AEV) record-breaking performance last year. This is our contribution to mitigate climate change. Corporate Social Responsibility is an integral part of doing business. “AEV, being the first Philippine company to express support for the TCFD, is committed to strengthening […] MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) announced Tuesday a plan to raise P5 billion through a new round of retail bonds sale to repay company debts falling due soon. principle to achieve and sustain Business Results, Operational Excellence, Service Excellence, and Employee Development. AboitizPower statistics include activities of organic and contracted personnel. Team members that work in customer and community-facing functions undergo training to fully embody the principles and processes of stakeholder relationship management (SRM) and communication. It was one of its first leaders, Don Ramon Aboitiz, who started corporate philanthropy through donations to various groups and needing communities, as well as looking after the welfare of his employees. The Aboitiz Group is committed to balancing economic growth and environmental stewardship in the conduct of its business and as part of its pursuit to create long-term shared value.Â. The Community-Based Disaster Risk Reduction and Management program is a customized approach that promotes localized decision-making and implementation to reduce vulnerabilities and promote zero casualties in disaster situations. AboitizPower SEC Form 17-A (2017 Annual Report) Aboitiz Foundation (CSR) Annual Report. After decades of giving to various worthy causes in an informal manner, and with the increasing magnitude of assistance needed in areas where its companies operate, the Aboitiz management decided to find a more efficient and effective way of giving. It was one of its first leaders, Don Ramon Aboitiz, who started corporate philanthropy through donations to various groups and needing communities, as well as looking after the welfare of his employees. 1827 “An Act to Regulate Lobbying in the Congress of the Philippines and in the Commission on Appointments”, Republic Act 11232 “Act Providing for the Revised Corporation Code of the Philippines” and the Omnibus Election Code of the Philippines. The Aboitiz Group is using the integrated format to corporate reporting, consolidating the reports of Aboitiz Equity Ventures, Inc., Aboitiz Power Corporation, and Aboitiz Group Sustainability. Corporate Journey; Governance Practices; The Management Team `A Aboitiz Equity Alcorn Gold Res. Decisions are made with highest regard for their long-term impact. AboitizPower currently harnesses Cleanergy, our brand for renewables, from hydro, geothermal, and solar power sources and continues to explore more opportunities to develop renewable energy. At the foundation of everything that we do, we create an environment and build a culture centered on our core values of integrity, teamwork, innovation, and responsibility. Contractors are covered by virtue of AboitizPower’s “prevailing influence”. Visit us for FREE! 116 Aboitiz Equity Ventures Inc. This has guided the company for generations and propelled it to becoming one of the best-managed companies in the region that enjoy a high level of trust and confidence from its stakeholders. ... Aboitiz Equity Ventures, Inc. 's Management of ESG Material Risk is Average. However, if unable to do so, and due to the necessity of the job, an employee may be asked to work overtime. Annual Report 2019 117 We continue to be guided by our CSR 2.0 parameters to ensure that we achieve inclusive impact. The distribution utilities included: Visayan Electric Company, Inc., Davao Light and Power Company, Inc., Cotabato Light and Power Company, Subic EnerZone Corporation, Balamban EnerZone Corporation, Mactan EnerZone Corporation, LiMA EnerZone Corporation. The Cleanergy Center is an educational facility located in the Admin Compound of MakBan Geothermal Power Plant in Brgy. The Aboitiz Group, through holding company Aboitiz Equity Ventures Inc., emerged as the first local supporter of the International Task Force on Climate-Related Financial Disclosures in line with its commitment to good corporate governance and sustainability practices. Using agile principles, a minimum viable product of the app was launched with key features such as self-service sign-up, viewing of all accounts and transactions, fund transfer to UnionBank and other local bank accounts, and bills payment. This allows our senior management, internal audit, and supervisory committees to get a comprehensive and holistic view of the effectiveness of our organization’s governance, risks, and controls. Through the years, the company has communicated its commitment and initiatives on corporate governance and sustainability to … Through this partnership and the Captive Breeding Program, we ensure that the national bird of the country is fed, taken care of, sheltered, and conserved. The salary and compensation packages given to AboitizPower employees are fair and aligned with market standards. Music and Arts Festival was held to exhibit the works of Philippine artists and photographers which highlight diversity and inclusion. Aboitiz Equity Ventures, Inc. (ABTZY) latest earnings report: revenue, EPS, surprise, history, news and analysis. MANILA-- The Aboitiz Group, through its holding company Aboitiz Equity Ventures, Inc., is the first local supporter of the International Task Force on Climate-Related Financial Disclosures (TCFD) in line with its commitment to good corporate governance and sustainability practices. “The Aboitiz Group stands behind this national collaborative effort to protect Filipinos from COVID-19 while ensuring that we keep our economy running. The Aboitiz Group, through its holding company Aboitiz Equity Ventures Inc. (AEV), is the first local supporter of the International Task Force on Climate-Related Financial Disclosures (TCFD), in line with its commitment to good corporate governance and sustainability practices. In our plant operations, we have installed pollution control devices and implemented resource optimization as part of our environmental efforts. The Center also provides an overview of TSI’s operation of the 300-megawatt Davao Baseload Power Plant. A reportable contractor is when AboitizPower exerts a prevailing influence with regard to safety management practices. Aboitiz & Company; The Aboitiz Way; Our Businesses; Aboitiz Equity Ventures Inc. Our Leaders; Conglomerate Map; Map of Operations; Awards and Citations; Organizational Structure; Sustainability & CSR. In 2019, 1,395 employees in the Generation group went through the 8-Hour Mandatory Occupational Safety and Health (OSH) Training for Workers. In line with our carbon emissions reduction and commitment to improving climate change resilience, the company and its subsidiaries have implemented various initiatives and activities that promote biodiversity and environmental conservation. The company in its conduct of business does not provide any monetary contributions for the following activities:   1. Risk Maturity Level 4 would involve a clear understanding of key risks to the organization and the consistent execution of activities to address these risks. 13,992 mangroves were planted by the end of 2019. The company complies to various environmental laws in the Philippines, such as the. Political organizations whose role is to influence political campaigns or legislative activities, Privacy StatementNAC Tower, 32nd Street Bonifacio Global City Taguig City 1634 Metro Manila, Philippines | www.aboitiz.com. AEV’s consolidated EBITDA finished at Php 60.2 billion, 1% lower than than the previous year. Cascade of Philippine laws that relate to diversity and inclusion. “Prevailing Influence” is considered to be in place when contractor employees are required to adhere to safety rules and regulations laid down by AboitizPower or to use methods, processes or other techniques provided by the company. Aboitiz Equity Ventures, Inc. 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