- Board of Directors
- Code of Ethics and Business Conduct
- Board Committees
- Board Policies
- Performance Assessment Forms
- Trading Policies
- Information Security Management
- Sustainability Policy
- Shareholder's Benefit
AboitizPower promotes environmental awareness to foster sustainable development
Wednesday, April 18, 2012
MANILA, Phils.: April xx, 2012 – AboitizPower (PSE ticker symbol: AP) has strengthened its commitment to spur economic growth in the Philippines while promoting sustainability. Through its various generation and distribution subsidiaries, AboitizPower initiated sustainability projects ranging from reforestations, tree-plantings, clean-up drives, and mangrove plantings, to educational activities to lessen power consumption, promote recycling and the use of sustainable materials, and encourage efficient water use.
The group invested over P29 million on environmental sustainability efforts last year.
AboitizPower’s sustainable efforts are fueled by 5 pillars: Rejuvenate Nature, Reduce, Re-use/Recycle, Renewable Energy and Recharge Communities.
Under the Rejuvenate Nature pillar, AboitizPower has initiated several projects to enhance the natural environment.
Through the pillar’s flagship program A-PARK (Aboitiz Passion for Agroforest and Reforest to Keep), Aboitiz Group companies hold simultaneous tree planting and other sustainability-related activities yearly as a biodiversity enhancement program that seeks to plant 3 million trees by the year 2015. As of 2011, 2 million trees have already been planted.
AboitizPower's distribution subsidiary Visayan Electric Co. (VECO) initiated a P19.4 million five-year project in partnership with the Philippine Business for Social Progress in 2010 to plant 1 million trees. The VECO Reforestation Park Project aims to reforest 540 hectares in Central Cebu Protected Landscape and 10 hectares in Mactan Island by 2015.
The Aboitiz Group has been known to actively support the Billion Tree Campaign of the United Nations.
For Re-use/Recycle, the group recycles used tarpaulin streamers and sacks, and transform them into bags, vanity cases, and raincoats under its ART or Aboitiz Recycled Trash Project.
AboitizPower is also a producer of Cleanergy, its brand of clean and renewable energy.
Under the same Renewable Energy pillar, AboitizPower and Aboitiz Foundation, the social development arm of the Aboitiz Group, has partnered with AMORE or Alliance for Mindanao Off-grid Renewable Energy Program to power off-grid communities in Mindanao by providing solar panels and recharging stations.
One of AboitizPower’s key initiatives under the Reduce pillar is its Race to Reduce program where various business units learn to prudently manage their consumption of energy, water and paper.
AboitizPower has also been a staunch supporter of Earth Hour since 2009, going beyond switching off lights by encouraging households and other businesses to do the same.
AboitizPower in Cebu is a recognized Earth Hour partner that holds a public event annually. This year, it became the corporate partner of WWF for the Cebu leg of Earth Hour together with the Cebu City government.
Recharge Communities addresses how communities benefit from business success and, in the process, become better stewards of the planet.
Many 2011 projects of AboitizPower were aimed to provide additional source of income and livelihood for communities. SNAP-Magat conducted a deforestation project of the Magat Watershed to convert grasslands into productive lands while Hedcor Inc. hosted an Eco-Market Day, where recyclable items were collected and sold, giving students additional funds for classroom needs.
“With our passion for a better world, we choose to be part of this global advocacy because it is aligned with our strong commitment to sustainability. We are committed to explore ways on how we can strike the triple bottom line balance or 3Ps -- People, Profit and Planet -- in our business operations,” said AboitizPower CEO Erramon I. Aboitiz.
“Sustainability has been key to AboitizPower’s growth. This is why it is our priority to spearhead initiatives that allow communities to benefit from environmentally responsible and energy efficient solutions that, eventually, will lead to economic growth."
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It is a major producer of Cleanergy, its brand for clean and renewable energy in the Philippines with several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country. The company owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao. For more details, please visit: www.aboitizpower.com and www.cleanergy.com.ph
For more information, please contact:
Ria Calleja, AVP, Branding
Tel: +632 7932863 Mobile: +63917 8825835
|GREEN BULB PR
Andrea Ignacio, Sr. Account Manager
Tel: +632 6386973 Mobile: +63918 9120522