About Us

Aboitiz Equity Ventures (AEV) listed in the Philippine Stock Exchange (PSE) in 1994 as the public-held holding company of the Aboitiz Family. Since its IPO, AEV has been recognized by various local and international surveys and publications as among the Philippines’ best managed companies. AEV has likewise received numerous awards for its corporate governance practices.

AEV has three business groups, namely: power, financial services and food.

Power business

AEV’s holdings in the power business are consolidated into Aboitiz Power Corp. (AboitizPower), which listed at the PSE in 2007.

AboitizPower is a leader in the Philippine renewable generation industry with investments in geothermal and hydroelectric generation assets located throughout the Philippines. AboitizPower also pioneered the systematic development of small hydroelectric generation plants back in late 1980’s. The development of greenfield or new renewable generation capacity remains a primary focus, as evidenced by the commissioning in 1Q 2010 of the 43-MW Sibulan hydro plant in Sta. Cruz, Davao del Sur.

AboitizPower also has investments in non-renewable generation assets similarly located throughout the Philippines. These facilities are run using the very latest in operating and emission-mitigating technology, ensuring the least possible impact on the environment.

AboitizPower also has investments in seven power distribution utilities, again located throughout the Philippines. These utilities are recognized for being innovative and customer-focused.

As the power industry prepares for full deregulation and open access, AboitizPower also has a strong presence in the retail and power services businesses catering to current and future customers’ needs.

Financial services business

AEV’s holdings in the financial services business comprise majority shareholdings in UnionBank of the Philippines (UnionBank) and City Savings Bank (CitySavings).

UnionBank is among the largest universal banks in the Philippines and has consistently high profitability, solvency and liquidity ratios. It listed on the PSE in 1992.

City Savings Bank is a thrift bank operating predominantly in Visayas and Mindanao which serves a very specialized niche market of creditworthy civil servants. Just like UnionBank, CitySavings boasts very high profitability, solvency and liquidity indicators. Expansion into Luzon has already begun with branches opened in Tarlac and Laguna.

Food business

AEV’s holdings in the food business are through its 100% ownership of Pilmico Foods Corp.
Pilmico is a trusted Philippine manufacturer and marketer of flour and other baking products, feeds and is also engaged in swine growing. Pilmico has facilities located in Tarlac, Luzon and Iligan, Mindanao to serve a distribution network covering the entire country.

Corporate Social Responsibility and Sustainability

The Aboitiz Foundation incorporated in 1989 and spearheads the CSR actuations of the Aboitiz Group. In 2012 alone, the Aboitiz Group undertook P523 million worth of projects in areas where Aboitiz business units operate. These efforts are focused in the areas of education, enterprise development and primary health and child care.

The Aboitiz Group employs a triple bottom line approach where the three Ps—people, planet and profit—are considered with every business decision.

The sustainability approach of the Aboitiz Group is anchored upon five pillars, namely: rejuvenate nature, reduce consumption, recycle or re-use, recharge communities and use of renewable energy wherever possible.

The Aboitiz Group celebrated its 90th year as a corporation in 2010, having withstood many trials and tribulations throughout all those years. What best embodies the Aboitiz spirit is our brand promise of Passion for Better Ways. This has led to Aboitiz companies, our 31,000 team members, and products distinguishing themselves by having an intense customer focus, a propensity for innovation and continuous improvement, and employing world-class standards to produce quality in everything we do.