Aboitiz Equity Ventures Inc.

The Aboitiz Group began in the late 1800s as a hemp trading business in Ormoc, Leyte before becoming a shipping and transport powerhouse in the 1900s. Today, the Group has a diversified portfolio of major investments in power, banking and financial services, food, infrastructure, land, construction, shipbuilding, and data science and artificial intelligence (DSAI). 


Through its publicly-listed holding company, Aboitiz Equity Ventures Inc. (AEV), the Aboitiz Group is widely recognized as one of the best-managed companies in the Philippines and ASEAN region, consistently cited for its commitment to good governance and corporate social responsibility. With five generations of success and innovation behind it, and its Great Transformation currently underway, Aboitiz continues to move forward and pursue its vision of becoming a truly sustainable techglomerate of the future.

Purpose

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.

Sabin Aboitiz

Group President & Chief Executive Officer, Aboitiz Equity Ventures Inc.

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We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

Aboitiz Group is committed to exploring decarbonization pathways while ensuring affordable and reliable supply of growing energy needs in the Philippines by 2030. It is currently exploring how to eventually shift its baseload focus from coal to gas.

Activities & Initiatives

Aboitiz Power will assess the need and opportunity for building new LNG-to-power projects.

Measures & Targets

Aboitiz Power will measure its success based on making progress towards achieving the 50:50 balance between thermal and renewable capacity by 2030.

SDG Focus Area(s):

Summary

Aboitiz Group, through Aboitiz Power, is committed to reaching a 50:50 balance between its renewable and thermal capacities by 2030. In addition to increasing renewable energy in our portfolio, Aboitiz Power will not invest in any new coal capacity.

Activities & Initiatives

Aboitiz Power will not add any coal capacity to its portfolio.

Measures & Targets

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.

SDG Focus Area(s):

Summary

Aboitiz Group, through Aboitiz Power, is committed to increase its renewable energy capacity to achieve a balanced 50:50 renewable and thermal energy portfolio by 2030. This is part of the group’s transition plans and climate strategy.

Activities & Initiatives

Aboitiz Power plans to develop additional 3,700 MW Renewable Energy capacity to double its net attributable sellable capacity to 9,200MW by 2030. Aboitiz Power also 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.

Measures & Targets

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.

SDG Focus Area(s):

Summary

Aboitiz Group, through Aboitiz Power, is committed to reaching a 50:50 balance between its renewable and thermal capacities by 2030. In addition to increasing renewable energy in our portfolio, Aboitiz Power will not invest in any new coal capacity.

Activities & Initiatives

Aboitiz Power will not add any coal capacity to its portfolio.

Measures & Targets

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.

SDG Focus Area(s):

Summary

Aboitiz Group commits to exploring decarbonization solutions that will balance society's demand for equitable products and services and environmental impacts.

Activities & Initiatives

Our Great Transformation journey will lead us to exploring management approaches on innovation and technology while amplifying ESG outcomes in our initiaves for integrating decarbonization solutions. We will also commit in utilizing data science and artificial intelligence in making sound decisions for the environment and the society.

Aboitiz Power is partnering with global innovation platform Plug and Play to collaborate on new ideas and relationships towards Decarbonization, Digitalization, Decentralization and Democratization. Some of the key focus areas this year include Hydrogen, DERs & Virtual Power Plants, Energy Marketplace Platform, Carbon Capture & Storage and EV/EV Infrastructure. 

Measures & Targets

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 our innovative solutions.

Aboitiz Power will measure success based on the number of new ideas tested and moved through our innovation pipeline.

SDG Focus Area(s):

Summary

Aboitiz Group, through Aboitiz Power, is committed to reaching a 50:50 balance between its renewable and thermal capacities by 2030. In addition to increasing renewable energy in our portfolio, Aboitiz Power will not invest in any new coal capacity.

Activities & Initiatives

Aboitiz Power will not add any coal capacity to its portfolio.

Measures & Targets

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.

SDG Focus Area(s):

Summary

Aboitiz Group commits to exploring decarbonization solutions that will balance society's demand for equitable products and services and environmental impacts by 2030.

Activities & Initiatives

Our Great Transformation journey will lead us to exploring management approaches on innovation and technology while amplifying ESG outcomes in our initiaves for integrating decarbonization solutions. We will also commit in utilizing data science and artificial intelligence in making sound decisions for the environment and the society.

Aboitiz Power is partnering with global innovation platform Plug and Play to collaborate on new ideas and relationships towards Decarbonization, Digitalization, Decentralization and Democratization. Some of the key focus areas this year include Hydrogen, DERs & Virtual Power Plants, Energy Marketplace Platform, Carbon Capture & Storage and EV/EV Infrastructure.

Measures & Targets

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.

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