In pursuit of exceptional organizational governance in the Philippines, AboitizPower centers its operations on accountability, responsibility, and transparency.
AboitizPower’s corporate actions are based on ethical governance policies that safeguard the company's welfare, the environment, employees, and partner stakeholders.
AboitizPower’s organizational structure ensures the efficient and high-quality business output of our vast operations nationwide. This is aligned with our goal to uphold the highest ethical business standards in 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 as a business enterprise and as an environmental partner.
[GRI 2-23 (2021)]
AboitizPower commits to providing a 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:
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 made available to interested parties.
We remain committed to growing our business with the least adverse effect on our people, environment, and communities. Our operations abide extensively by 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 2025, operationally controlled subsidiaries within AboitizPower obtained 87% certification for both ISO 9001:2015 Quality Management Systems and ISO 14001 Environmental Management System, and 93% certification with ISO 45001 Occupational Health & Safety Management System. These certifications, issued by an external third party, 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. By integrating these principles into our daily practices, we can create a safer and more sustainable future for our employees, stakeholders, and communities.
See below the summary of the ISO certification status of AboitizPower’s operational-controlled subsidiaries in 2025.
|
Quality Management Systems 87% |
Occupational Health & Safety 93% |
Environmental Management Systems 87% |
Asset Management ISO 55001:2014 |
Information Security Management ISO 27001:2013 | Business Continuity Management Systems ISO 22301:2012 |
Energy Management System ISO 50001:2018 |
|
|---|---|---|---|---|---|---|---|
| % Certified in Power Generation | 83% | 96% | 91% | ||||
| GEO | 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. | ||||
| PV Sinag | PV Sinag | PV Sinag | |||||
| 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 Sabangan, Inc. | ||
| Hedcor Bukidnon, 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 | |||||
| TBG | Therma Mobile, Inc. (Malabon) | Therma Mobile, Inc. (Malabon) | Therma Mobile, Inc. (Malabon) | Therma Mobile, Inc. (Malabon) | Therma Mobile, Inc. (Malabon) | Therma Mobile, Inc. (Malabon) | Therma Mobile, Inc. (Malabon) |
| Therma Mobile, Inc. (Navotas) | Therma Mobile, Inc. (Navotas) | Therma Mobile, Inc. (Navotas) | Therma Mobile, Inc. (Navotas) | Therma Mobile, Inc. (Navotas) | Therma Mobile, Inc. (Navotas) | Therma Mobile, Inc. (Navotas) | |
| Therma Marine, Inc. (Maco) | Therma Marine, Inc. (Maco) | Therma Marine, Inc. (Maco) | 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 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. | Therma Power Visayas, Inc. | |||
| East Asia Utilities Corporation | East Asia Utilities Corporation | East Asia Utilities Corporation | East Asia Utilities Corporation | ||||
| Therma Luzon, Inc. | Therma Luzon, Inc. | Therma Luzon, Inc. | |||||
| Therma South, Inc. | Therma South, Inc. | Therma South, Inc. | Therma South, Inc. | Therma South, Inc. | Therma South, Inc. | ||
| Therma Visayas, Inc. | Therma Visayas, Inc. | Therma Visayas, Inc. | Therma Visayas, Inc. | Therma Visayas, Inc. | Therma Visayas, Inc. | ||
| GNPower Mariveles Coal Plant Ltd. Co. | GNPower Mariveles Coal Plant Ltd. Co. | GNPower Mariveles Coal Plant Ltd. Co. | |||||
| GNPower Dinginin Ltd. Co | GNPower Dinginin Ltd. Co | GNPower Dinginin Ltd. Co | |||||
| % Certified in Power Distribution | 88% | 88% | 88% | ||||
| 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 |
Notes on Data Transparency:
1. Companies are operationally controlled by AboitizPower as of year-end 2025.
[GRI 207-1 (2019)]
The Aboitiz Group (the “Group) believes in and adheres to the fundamental principles of good governance in the Philippines.
We believe in paying the correct taxes on time and complying with all administrative and reportorial requirements. We recognize that transparent engagement with our stakeholders is critical to sustainability and the creation of long-term business value.
As a responsible corporate citizen living by the value of integrity, guided on tax matters by the Tax Committee chaired by the Group Chief Finance Officer, the Group commits to:
We monitor and function as an added layer of security regarding the Group’s compliance with tax filings and payments, as well as records retention and management. There are periodic discussions to ensure uniformity of best practices and positions across the group.
We continuously educate ourselves to keep up with tax, legal, and business developments in the industries and 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 address competency gaps, consistently advocate for continuous learning and development, review existing policies and controls, and consult our external advisors where appropriate.
| Distribution Utility Performance | Unit | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Technical distribution losses¹ | % | 6.61 | 7.21 | 7.31 | 8.12%⁴ | 8.13% |
| System Average Interruption Duration Index (SAIDI)² | hours | 6.36 | 4.32 | 5.00 | 1.73⁵ | 1.56 |
| Smart Meter Penetration³ | % | -- | -- | 4.83 | 5.13% | 5.03% |
Note:
1. The data is represented by Davao Light & Power Company (Davao Light) as it has the highest network length among the distribution utilities of AboitizPower. The average network length over the last three years (in km) is 4,455.
2. The data is represented by Visayan Electric Company (Visayan Electric) as it has the highest number of customers among the distribution utilities of AboitizPower.
3. Smart Meter Penetration is the percentage of metering devices of AboitizPower’s operationally controlled Distribution Utilities that have already been converted to smart meters.
4. The value that AboitizPower has been providing includes the technical loss for sub-transmission and distribution. The jump in value from 7.31% in 2023 to 8.13% in 2024 is attributed to the increase in residential customer kWh sales in 2024.
5. The value that AboitizPower has been reporting to ERC until 2023 is the total SAIDI (includes planned and unplanned interruptions). In 2024, AboitizPower changed its submission to include only the unplanned interruptions, resulting in a significant drop from 5 hours in 2023 to 1.73 hours in 2024.
[GRI 415-1 (2016)]
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 benefit or favor 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:
With the company's growing needs, AboitizPower ensures that it partners with suppliers who deliver products and services effectively, prioritize sustainability, and implement responsible business practices. In 2021, the company released its Supplier Code of Conduct (SCOC), which aims to align supplier practices with AboitizPower’s values and strengthen standards for conducting business.
The Code ensures all suppliers uphold and share the same values and sustainability principles when engaging with AboitizPower. It also requires adherence to the company’s standards on compliance, ethics, social responsibility, labor practices, environmental stewardship, and quality. Access a copy of the Supplier Code HERE.
AboitizPower encourages suppliers to cascade these same sustainable standards and commitments throughout their supply chains.
Safety Banding Assessment
AboitizPower is committed to ensuring that Safety, Health, and Environmental (SHE) standards are upheld and that its supply chain does not negatively impact the environment. This commitment is demonstrated through the company’s Safety Banding Assessment, in which potential and current suppliers are evaluated based on their adherence to SHE practices and the accuracy of the information they provide.
Based on the results, suppliers are classified into three categories—green, amber, and red—reflecting their compliance with SHE standards. This assessment process is integrated into AboitizPower’s existing Supply Chain Management (SCM) accreditation framework and supports the implementation of the Contractor Safety Management System (CSMS).
Supply Chain Metrics
In 2025, AboitizPower had a total of 2,062 suppliers, with 225 being classified as critical suppliers.
| Total Suppliers | 2062 |
| Total Suppliers (Critical) | 225 |
AboitizPower (“the Company”) is fully committed to safeguarding the Philippines’ energy infrastructure. We recognize that delivering reliable power goes hand in hand with protecting the digital systems that support our operations, from corporate technology to the critical control systems that help ensure energy for Filipino homes, communities, and businesses.
Our Cyber and Information Security Program is designed to protect both Information Technology (IT) and Operational Technology (OT) environments from evolving threats. This includes ensuring the confidentiality, integrity, and availability of our systems, in alignment with national cybersecurity regulations and mandates from energy regulating bodies.
Through continuous improvements, we work to strengthen defenses, manage security risks, and enhance resilience across all levels of the organization. Our key priorities include:
Security is a shared responsibility, and by embedding it into key aspects of our operations, we help ensure the reliability of energy assets that are essential to national development.
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.
AboitizPower hosted its annual Data Privacy Learning Session with the theme “Embedding Privacy by Design: Empowering Process Owners to Safeguard Personal Data in a Borderless Digital World.” The event brought together employees, advocates, external legal experts, and guest speakers from the National Privacy Commission (NPC) to reinforce compliance with the Data Privacy Act of 2012 and strengthen a culture of accountability and trust.
AboitizPower was named the gold winner for “Governance, Reporting and Transparency” in recognition of its effective systems for corporate governance, sustainability performance tracking and audit, and transparency. It was also acknowledged as the silver winner for “Relations with local communities”, owing to its sitio electrification efforts in Davao City through its distribution utility Davao Light and Power Company.
As one of the Philippines’ largest energy producers, we are committed to providing the nation with reliable, affordable, and sustainable power sources.
Our investment and shareholder relations reports are available online to get a glimpse of how we address people, planet, and profit.
A productive career awaits you at AboitizPower. Look through our job listings and join us in transforming energy for a better world today!