AboitizPower is the Philippines’ leading provider of renewable energy, advancing business and communities towards A Better Future.
Every Business Decision We Make is Anchored on Good Corporate Governance
AboitizPower’s corporate actions are based only on good governance policies that safeguard the welfare of the company, the environment, its employees, and our partner stakeholders.
AboitizPower’s organizational structure ensures the efficient and high-quality business output of our vast operations across the country. This is aligned with our goal to uphold the highest ethical business standards throughout all our corporate decisions.
We also practice updated ethical guidelines to meet the current demands for action in forwarding sustainability worldwide.
We strive to achieve a better future through the integrity of our initiatives both as a business enterprise and as an environmental partner.
Integrated Management System (IMS) Policy
AboitizPower commits to providing reliable power supply to enhance customer satisfaction. To do this, we embody high P.E.R.F.O.R.M.A.N.C.E. by:
Providing a venue for our employees to develop skills and strengthen collaboration;
Ensuring to protect the environment by minimizing the negative impact of our activities and;
Reducing OH&S risks and eliminating hazards to provide a safe and healthy work environment for our people and partners;
Facilitating the management of the whole lifecycle of power assets;
Operating and maintaining power systems to optimize the overall economic return of our investment;
Regularly reviewing, testing, and updating business continuity plans to ensure continuity of our operations;
Managing risks and opportunities, and implementing controls in our processes and systems;
Assuring the availability, confidentiality, integrity, and protection of information assets and information processing systems;
Nurturing, protecting, and continuously building relationships with our stakeholders;
Complying with the organization’s obligations and managing its compliance risk, and;
Ensuring that we continually improve our processes and systems.
AboitizPower upholds the high P.E.R.F.O.R.M.A.N.C.E. principle to achieve and sustain Business Results, Operational Excellence, Service Excellence, and Employee Development.
The IMS policy shall be periodically reviewed to ensure adequacy and applicability. Furthermore, the policy will be communicated within the organization and will be made available to interested parties.
Click here to see other IMS policy of AboitizPower's subsidiary.
We remain committed to growing our business in a manner that has the least adverse effect on our people, environment and communities. Our operations abide extensively to various safety, health, and environmental laws and regulations. We adhere to strict international standards and continuously improve the conduct of our operations to ensure a safe workplace and improve efficiency.
In 2022, operationally controlled subsidiaries within AboitizPower obtained 96% certification with ISO 9001:2015 Quality Management Systems, ISO 45001 Occupational Health & Safety Management System, and ISO 14001 Environmental Management System. These certifications exemplify our unwavering dedication to quality, occupational health and safety, and environmental stewardship.
By aligning with these internationally recognized standards, we demonstrate our commitment to excellence and continuous improvement in all aspects of our operations. We believe that by integrating these principles into our daily practices, we can create a safer and more sustainable future for our employees, stakeholders, and the communities we operate in.
See below the summary of the ISO certification status of AboitizPower’s operational-controlled subsidiaries in 2022.
|Quality Management Systems
|Occupational Health & Safety
|Environmental Management Systems
|Information Security Management ISO 27001:2013||Business Continuity Management Systems
|Energy Management System
|% Certified in Power Generation||100%||100%||100%|
|GEO||AP Renewables, Inc. (MakBan)||AP Renewables, Inc. (MakBan)||AP Renewables, Inc. (MakBan)||AP Renewables, Inc. (MakBan)|
|AP Renewables, Inc. (Tiwi)||AP Renewables, Inc. (Tiwi)||AP Renewables, Inc. (Tiwi)|
|Solar||San Carlos Sun Power, Inc.||San Carlos Sun Power, Inc.||San Carlos Sun Power, Inc.|
|Hydro||Hedcor, Inc.||Hedcor, Inc.||Hedcor, Inc.||Hedcor, Inc.||Hedcor, Inc.|
|Hedcor Sibulan, Inc.||Hedcor Sibulan, Inc.||Hedcor Sibulan, Inc.||Hedcor Sibulan, Inc.||Hedcor Sibulan, Inc.||Hedcor Sibulan, Inc.|
|Hedcor Tudaya, Inc.||Hedcor Tudaya, Inc.||Hedcor Tudaya, Inc.||Hedcor Tudaya, Inc.||Hedcor Tudaya, Inc.||Hedcor Tudaya, Inc.|
|Hedcor Sabangan, Inc.||Hedcor Sabangan, Inc.||Hedcor Sabangan, Inc.||Hedcor Sabangan, Inc.||Hedcor Sabangan, Inc.|
|Hedcor Bukidnon, Inc.||Hedcor Bukidnon, Inc.||Hedcor Bukidnon, Inc.||Hedcor Bukidnon, Inc.||Hedcor Bukidnon, Inc.|
|Luzon Hydro Corporation||Luzon Hydro Corporation||Luzon Hydro Corporation||Luzon Hydro Corporation||Luzon Hydro Corporation||Luzon Hydro Corporation|
|SN Aboitiz Power, Inc. - Magat||SN Aboitiz Power, Inc. - Magat||SN Aboitiz Power, Inc. - Magat||SN Aboitiz Power, Inc. - Magat|
|SN Aboitiz Power, Inc. - Benguet||SN Aboitiz Power, Inc. - Benguet||SN Aboitiz Power, Inc. - Benguet||SN Aboitiz Power, Inc. - Benguet|
|Oil||Therma Mobile, Inc.||Therma Mobile, Inc.||Therma Mobile, Inc.||Therma Mobile, Inc.|
|Therma Marine, Inc. (Maco)||Therma Marine, Inc. (Maco)||Therma Marine, Inc. (Maco)||Therma Marine, Inc. (Maco)|
|Therma Marine, Inc. (Nasipit)||Therma Marine, Inc. (Nasipit)||Therma Marine, Inc. (Nasipit)||Therma Marine, Inc. (Nasipit)|
|Therma Power Visayas, Inc.||Therma Power Visayas, Inc.||Therma Power Visayas, Inc.||Therma Power Visayas, Inc.|
|East Asia Utilities Corporation||East Asia Utilities Corporation||East Asia Utilities Corporation|
|Cebu Private Power Corporation||Cebu Private Power Corporation||Cebu Private Power Corporation||Cebu Private Power Corporation|
|Coal||Therma South, Inc.||Therma South, Inc.||Therma South, Inc.|
|Therma Visayas, Inc.||Therma Visayas, Inc.||Therma Visayas, Inc.|
|% Certified in Power Distribution||100%||100%||100%|
|Visayan Electric company, Inc.||Visayan Electric company, Inc.||Visayan Electric company, Inc.||Visayan Electric Company, Inc.|
|Davao Light and Power Company, Inc.||Davao Light and Power Company, Inc.||Davao Light and Power Company, Inc.||Davao Light and Power Company, Inc.|
|Cotabato light and Power Company||Cotabato light and Power Company||Cotabato light and Power Company||Cotabato Light and Power Company|
|Subic Enerzone Corporation||Subic Enerzone Corporation||Subic Enerzone Corporation||Subic Enerzone Corporation|
|Balamban Enerzone Corporation||Balamban Enerzone Corporation||Balamban Enerzone Corporation|
|Mactan Enerzone Corporation||Mactan Enerzone Corporation||Mactan Enerzone Corporation|
|Lima Enerzone Corporation||Lima Enerzone Corporation||Lima Enerzone Corporation|
|Malvar Enerzone Corporation*||Malvar Enerzone Corporation*||Malvar Enerzone Corporation*|
|Aboitiz Power Corporation - Corporate Office|
|AP Renewables, Inc. (Corporate Office)|
Notes on Data Transparency:
1. Companies are operationally controlled by AboitizPower
2. Companies listed are operational facilities as of end 2021
The Aboitiz Group (the “Group) believes in, and adheres to the fundamental principles of good governance. We believe in paying the correct taxes on time and complying with all administrative and reportorial requirements. We recognize that the transparent engagement with our stakeholders is critical to the sustainability, as well as the creation of long-term value of our business.
As a responsible corporate citizen living in the value of integrity, guided on tax matters by the Tax Committee chaired by the Group Chief Finance Officer, the Group commits to:
- Contribute our share to the country’s economic development efforts by paying the correct taxes on time;
- Create, implement, review, and enhance business processes to efficiently comply with applicable tax regulatory requirements;
- Adopt sustainable tax principles, philosophies, and best practices that are aligned with the overall Group’s goals and strategies;
- Engage with stakeholders with transparency and establish a cooperative relationship with tax authorities in jurisdictions where we operate; and
- Keep our business partners’ trust and confidence by operating with transparency and accountability.
We monitor and function as an added layer of checks and balances in respect of the Group’s compliance with tax filings, payments, as well as of records retention and management. There are periodic discussions to ensure and promote uniformity of best practices and position across the group.
We continuously educate ourselves to keep up with tax, legal, and business developments in the industries as well as tax jurisdictions applicable to the Group’s portfolio. To ensure that the Group is updated and compliant with the new tax rules and regulations, we actively identify and immediately address competency gaps, consistently advocate for continuous learning & development, review existing policies & controls, and where appropriate, consult our external advisors.
The company abides by the applicable laws on lobbying interests in accordance with: Republic Act No. 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 company prohibits the influence of any legislators or committees of Congress, to pass or defeat legislation that may be beneficial or in favor of the company, in exchange for money or property. The company in its conduct of business does not provide any monetary contributions for the following activities:
- Political campaigns, ballots measures or referendums.
- Political organizations whose role is to influence political campaigns or legislative activities
- Policy Lobbying Groups.
Supply Chain Management
With the growing needs of the company, AboitizPower ensures that it partners with suppliers that will not only be able to deliver their products or services accordingly, but will also give importance to sustainability and doing sustainable business practices. The company recently released its Supplier Code of Conduct (the “Code”) which aims to align our company values with our suppliers, and to strengthen our supplier’s standard on doing business with the company.
This Code ensures that all of our suppliers will uphold and share the same values and sustainability principles when doing business with the Company, and adhere to our compliance, ethical, social, labor, environmental and quality standards and requirements.
The Company urges its suppliers to promote the same sustainable standards and commitments expected from the Code to their respective supply chain.
Stories on Sustainability
The AboitizPower Oil Business Unit (BU) marked a milestone in 2021 for being the first in the AboitizPower Group to be conferred with the ISO 50001:2018 “Energy Management Systems (EnMS)” certification.
True to its commitment to be a world-class electric utility, AboitizPower subsidiary Visayan Electric Co., Inc. (Visayan Electric) successfully maintained its Integrated Management System (IMS) certifications for several categories.
Integrated Management System of Aboitiz Solar and Geothermal Business Units obtain Zero Non-Conformity for 5 consecutive years
AP Renewables Inc. (APRI) and San Carlos Sun Power Inc. (SacaSun), both renewable energy generation subsidiaries of the AboitizPower, passed the second surveillance audit for the Integrated Management System (IMS) last February 8-11, 2021.