To drive sustainability throughout its business, Aboitiz focuses on three key areas based on the triple bottom line approach of people, planet, and profit where it believes it can make the greatest difference to the Group and its stakeholders.
Moreover, our commitment to sustainability is demonstrated through our brand promise of advancing business and communities. As our business grows, our stakeholder communities should equally gain. We define sustainable development as inclusive growth that is reflected in the dimensions of ESG:
Environment – The Aboitiz Group minimizes competition for limited resources in the communities we operate and ensures that these can be replenished for future generations.
Social – The Aboitiz Group understands the basic premise that no business shall succeed in failing communities. As such, we implement sound labor practices in the workforce and responsible operations in our host communities.
Governance – The Aboitiz Group operates and manages the interest of its stakeholders, including checks and balances, that enable the Board of Directors to exercise appropriate control and oversight responsibilities on the environmental and social aspects of the business.
Aboitiz Power will measure its success based on increasing its renewable energy capacity and making progress towards achieving the 50:50 balance between thermal and renewable capacity by 2030.
Aboitiz Power will measure its success based on not adding any new coal capacity and making progress towards achieving the 50:50 balance between thermal and renewable capacity by 2030.
Aboitiz will measure its success based on equitability and price reasonableness of the deacabonization solutions from a financial perspective and stakholder needs. We will continue to implement innovation management in the group and monitor the transcendence of ideation to implementation and the revenues generated from innovative and sustainable solutions.
Aboitiz Power will measure success based on the number of new ideas tested and moved through our innovation pipeline.
Aboitiz Power will measure its success based on making progress towards achieving the 50:50 balance between thermal and renewable capacity by 2030.
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.