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At the outset, the organization defines the scope, objectives, and methodology of the materiality assessment. This includes determining the scope of the operation, the stakeholders to be considered, the timeframe, and the sustainability dimensions (environmental, social, and governance) to be assessed.

This includes identifying Material Issues through a desktop review of sustainability frameworks and standards (e.g., GRI, SASB, CDP, TCFD) and gathering insights from sources such as industry reports, peer reviews, regulatory landscapes, and stakeholder expectations.

Stakeholder engagement is crucial for a holistic assessment. Interviews, surveys, and focus groups are conducted with internal and external stakeholders, including employees, customers, suppliers, investors, local communities, and regulators. This step aims to gather qualitative insights and perspectives on the importance and impact of various issues. This activity aims to gather deeper insights into the company's priority topics and expectations. 

This involves mapping the identified issues against their potential impact on the organization and its stakeholders. Impact mapping helps visualize each issue's influence on business operations and stakeholder well-being, thus providing a clearer picture of where significant impacts might occur.

Issues are categorized based on common themes or sustainability dimensions (e.g., environmental impact and social practices). Categorization helps organize issues into manageable groups for better analysis and action planning.

The categorized issues are then prioritized based on criteria such as severity of impact, stakeholder concern, business implications, and the ability to influence the problem. Prioritization helps identify which issues are material and should be addressed within the organization’s sustainability strategy.

The final step involves validating the materiality assessment results with key stakeholders. This could include discussions with senior management, stakeholder feedback sessions, or third-party expert reviews. Validation ensures the findings are accurate, credible, and aligned with business objectives and stakeholder expectations.

List of Material Topics
197.48  billion

Revenues
2024: ₱197 billion
2023: ₱207 billion

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1,328  MW

Attributable Renewable Capacity
2024: 1,150 MW
2023: 928 MW

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5,160

Total Number of Employees
2024: 3,927
2023: 3,681

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19.5  billion

Shareholder Earnings
2024: ₱33.9 billion
2023: ₱33.1 billion

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33,538  GWh

Energy Generated
2024: 28,623 GWh
2023: 23,437 GWh

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31.8%

Percentage of Women in Workforce
2024: 32.7%
2023: 31%

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71.7  million

EBITDA
2024: ₱71.7 million
2023: ₱67.9 million

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101,580  tons

Total Waste Generated
2024: 100,405 tons
2023: 62,799 tons

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0.49

Total LTIFR
2023: 0.42
2022: 0.35

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238.5  million

CSR Contribution
2024: ₱235 million
2023: ₱235 million

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648 million  m3

Total Water Consumption
2024³: 670 million m3
2023³: 7.7 million m3

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1.08

Total TRIR
2023: 0.67
2022: 0.57

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100 %

Employees informed of anti-corruption policies
2024: 100%

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315,555

Trees planted
2024: 308,043
2023: 353,975

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6

Total Fatality
2024: 3
2023: 0

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0

Employees disciplined/dismissed for corruption
2024: 0
2023: 0

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2.6 million⁴  Mwh

Energy Consumption
2024: 828,552 Mwh
2023: 791,408 Mwh

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0

No. of legal actions or employee grievances involving forced or child labor
2024: 0

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0

Environmental Penalties² Incurred
2024: 0
2023: 0

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0.449  tonnes CO2eq/MWh generated

GHG Intensity (generation)
2024: 0.474
2023: 0.481

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0.061  tonnes CO2eq/MWh generated

GHG Intensity (distribution)
2024: 0.059
2023: 0.059

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  1. Total LTIFR and Total TRIR data are as of December 31, 2024. These will be updated soon.
  2. Penalties mean the fine/penalty individually costs more than $10,000 USD (or equivalent when converted from local currency).
  3. Includes unconsumed seawater.
  4. Large increase is due to the inclusion of our GMEC and GNPD facilities in the reporting boundary.

The Aboitiz Group uses the integrated format for the corporate report and consolidation of Aboitiz Equity Ventures, Inc., Aboitiz Power Corporation, and Aboitiz Group Sustainability. It is a format that underscores our commitment to holistic, transparent reporting of our business performance and its overall impact on our stakeholders and society.

The report documents the Aboitiz Group’s initiatives and activities for people, the planet, and profit, anchored on our Group purpose and the brand promise of “transforming energy for a better world.”

We have made progress in various focus areas, including team member engagement and development, corporate social responsibility, customer focus, disaster resilience, carbon emissions reduction, resource efficiency, renewable energy, waste management, financial growth, and financial returns.

Over the years, the company has communicated its commitment to and initiatives in corporate governance and sustainability to engage team members and external stakeholders.

ESG Ratings are independent assessments conducted at AboitizPower based on different ESG criteria and frameworks. They help us objectively measure the company’s sustainability performance and serve as one input to continuously improving our operations.

S&P Global Corporate Sustainability Assessment

 
S&P Global has assessed Aboitiz Power Corporation through the Corporate Sustainability Assessment (CSA), which comprises 100 sustainability analysis points across economic, governance, environmental, and social areas. The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices, focusing on sustainability criteria that are both industry-specific and financially material.

FTSE Russell


FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Aboitiz Power Corporation has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products. Learn more about the FTSE4Good Index here.

Our Sustainability Policy

We recognize the critical importance of aligning our pillars with the United Nations’ Sustainable Development Goals (UN SDGs) to identify where our actions can meaningfully impact global sustainability outcomes. AboitizPower has identified SDGs 7 (Clean and Affordable Energy), 8 (Decent Work and Economic Growth), and 12 (Responsible Consumption and Production) as our priority SDGs, where we create the greatest impact.

Our key initiatives on those SDGs are as follows:

Additionally, AboitizPower ensures that its ESG initiatives help achieve balance across the three pillars of sustainability, thereby contributing, directly or indirectly, to other SDGs.

AboitizPower champions ethical practices and sustainability in the Philippines, anchoring our practices on the tenets of ESG leadership: accountability, transparency, and fairness. Our sustainability initiatives will benefit every stakeholder, including shareholders, partner communities, and employees.

We’re passionate about empowering a nation, nurturing our employees, and protecting the environment. Discover more about AboitizPower’s initiatives and how they are the product of our ESG leadership practices in the Philippines.

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Environmental Initiatives

Our growing renewable energy assets reflect our commitment as a partner to the environment.

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Social

Our commitment to nurturing the welfare of our members and the community shows our dedication as a partner to people.

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Governance

Our corporate transparency and quality assurance of business output uphold our integrity as a partner in good governance.

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Communities

Empowering the hopes and dreams of the nation’s people through our projects is what drives us to be an unwavering partner to the community.

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AboitizPower scores a four-peat in Golden Arrow 2025

Aboitiz Power Corporation (AboitizPower) received its fourth Golden Arrow Award in a row, improving to a 4-arrow recognition after scoring 105.52 out of 130 in the 2024 ASEAN Corporate Governance Scorecard (ACGS). The assessment measures a publicly-listed company’s performance with respect to the rights and equitable treatment of shareholders, sustainability and resilience, disclosure and transparency, and board responsibility.

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Aboitiz Renewables receives ASEAN safety recognition

Aboitiz Renewables, Inc., through its geothermal arm AP Renewables Inc., was given the prestigious ASEAN Occupational Safety and Health Award, making it the only Philippine organization recognized this year.

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AboitizPower among Manila Times’ sustainability champions

AboitizPower was recognized as a sustainability champion by publishing company The Manila Times. The criteria for selection considered initiative, impact, inclusiveness, and integration of “environmental, social and governance initiatives and circular economy efforts”, as well as compliance with the United Nations Sustainable Development Goals or UN SDGs.

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What We Do

As one of the Philippines’ largest energy producers, we are committed to providing the nation with reliable, affordable, and sustainable power sources.

Learn more about our businesses
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Investors

Our investment and shareholder relations reports are available online to get a glimpse of how we address people, planet, and profit. 

Visit our investor relations
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Careers

A productive career awaits you at AboitizPower. Look through our job listings and join us in transforming energy for a better world today! 

See available careers