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enabling sustainability - Aboitiz Power

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Corporate<br />

Social<br />

Responsibility<br />

The <strong>Aboitiz</strong><br />

Foundation, Inc.<br />

is the catalyst for corporate social responsibility in the group . For over 20 years, the<br />

Foundation has proven its success in focusing on education, enterprise development,<br />

primary health and child care, and other corporate donations. The Foundation is also<br />

putting in more focus on such environmental concerns as issues of global warming and<br />

climate change.<br />

In 2010, the <strong>Aboitiz</strong> Group CS R initiatives allotted an estimated P 245 million for various<br />

projects in education, corporate and other donations, primary health and child care,<br />

enterprise development and environment. Fifty three percent (53%) of the amount<br />

donated were allocated for education.<br />

Most of our projects require beneficiary inputs<br />

as we hope to see our communities grow as<br />

our business grows. We want our beneficiaries<br />

to be rightfully called our partners in social<br />

development.<br />

Erramon I. <strong>Aboitiz</strong>, President and CEO of <strong>Aboitiz</strong> Equity Ventures and Chairman of<br />

<strong>Aboitiz</strong> Foundation.<br />

In 2011, <strong>Aboitiz</strong> Foundation is set to implement more projects in the community with its<br />

budget allocation growing from P 106 million in 2010 to P 250 million for 2011.<br />

ABOITIZ SUSTAINABILITY REPORT 2010<br />

25

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