AboitizPower is the Philippines’ leading provider of renewable energy, advancing business and communities towards A Better Future.
Our strategic directions are geared towards ensuring that sustainability remains at the core of AboitizPower. We are committed to sustainable business operations, guided by our strong environmental, social, and governance standards and practices. Over the next decade, we are set to conquer bolder targets to better serve our customers and communities. We are looking to increase our generation portfolio to 9,200 MW by 2030, of which 50% or 4,600 MW will be sourced from more environmentally sustainable energy sources.
Today, AboitizPower together with our partners is the Philippines’ largest owner and operator of renewable energy based on installed capacity. The exponential growth of our Cleanergy portfolio in the next 10 years will reinforce our contribution to the country’s renewable energy aspirations, as well as to global sustainability goals.
Emmanuel V. Rubio
President and CEO, AboitizPower
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.
Sustainability at a Glance (2021)
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 the holistic and 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, planet, and profit, anchored on our Group purpose and brand promise “to drive change for a better world by advancing business and communities.”
We have made progress in the following focus areas: 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.
Through the years, the company has communicated its commitment and initiatives on corporate governance and sustainability to engage team members and external stakeholders.
Our Sustainability Initiatives
Our Sustainability Policy
We can do well by always doing good and making the right long-term decisions that balance the interests of people, planet, and profit.
We are guided by the following principles:
- Stakeholders must be treated with fairness.
- Corporate Social Responsibility is an integral part of doing business.
- Decisions are made with the highest regard for their long-term impact.
- We safeguard our core values of integrity, teamwork, innovation, responsibility, and service excellence.
We make decisions based on our objectives to:
- Partner with communities in promoting inclusive growth.
- Provide a commercially sustainable customer experience.
- Attract, retain, and empower A-People.
- Build, protect, and enhance our reputation.
- Minimize our environmental impact.
- Enhance the overall long-term effectiveness of the organization.
- Grow profitably.
We are committed to making Aboitiz a truly sustainable enterprise that we can entrust to future generations. We can do well by doing good, by always making the right long-term decisions that balance the interests of people, planet, and profit.
Our Sustainability Framework
In support of the triple bottom line, the Group identified focus areas where it can make the biggest difference with the intent of establishing measurable objectives, defining and setting achievable targets, and tracking them year on year.
The Group promotes inclusive growth by enriching people’s lives especially in communities where its businesses operate as part of its mission of creating long-term value for all its stakeholders. Balancing growth with a strong social component and healthy environmental practices are key elements to building a sustainable business that will last for generations.
Stories on Sustainability
Aboitiz Power Corporation recently signed an agreement with the International Finance Corporation (IFC) for an in-depth joint study to assess the viability of renewable energy (RE) as a source of baseload power for the Philippines, a step seen to help the company navigate the country’s transition towards a cleaner energy future.Read More
Aboitiz Power Corporation (AboitizPower) has been recognized as a constituent company in the FTSE4Good Index Series for the fourth consecutive year and has managed to get a higher overall rating in the latest assessmentRead More
Aboitiz Power Corporation, the largest owner and operator of renewable energy in the Philippines, is aiming to hit a 50:50 balance between its renewable and thermal portfolios by 2030 in support of the global movement for clean energy.Read More