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
Our Sustainability Initiatives
Sustainability at a Glance (2022)
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, 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 such as 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 presence in ESG Ratings and Indices
ESG Ratings are the independent assessments conducted at AboitizPower based on different ESG criteria and frameworks. This helps us objectively measure the company’s sustainability performance and serves as one of the inputs to the continuous improvement of our operations.
S&P Global Corporate Sustainability Assessment
S&P Global has assessed Aboitiz Power Corporation through the Corporate Sustainability Assessment (CSA) which incorporates a hundred points of analysis linked to sustainability, ranging from economic and governance to environmental and social data points. S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices that focuses on sustainability criteria that are both industry-specific and financially material.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an absolute assessment of ESG risk which is measured in five levels - Negligible, Low, Medium, High, and Severe risk.
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
Under the memorandum of understanding, the parties will leverage their respective new-generation technologies and expertise to optimize renewable energy development in the Philippines while contributing to energy cost savings and grid stability.Read More
Responsible for designing and implementing approved protection and control systems of Davao Light’s power systems, Engineer Nesvelle “Nes” Mae Pascua-Amper takes the lead in improving the digital substations of the power utility.Read More
The company maintained its overall rating of 3.1 out of a rating scale of 5.0, mainly due to its performance in the social and governance themes, highlighting its dedication to people and integrity as a partner in good governance.Read More