enabling sustainability - Aboitiz Power

Aboitiz Equity Ventures’ mission is
“To create long-term value for all its stakeholders”.
The Aboitiz Group has businesses in seven major areas: power,
banking, transport, food, land development, construction and
shipbuilding.
Aboitiz & Company, Inc. is the private holding company of the
Aboitiz Group in the Philippines. To fund growth opportunities,
Aboitiz & Company enlisted the Aboitiz Equity Ventures (AEV)
1994 at the Philippine Stock Exchange as the holding company for
its power, banking, food and transport businesses.
Aboitiz Equity Ventures’ mission is “To create long-term value
for all its stakeholders”. In 2007, AEV listed its wholly owned
subsidiary Aboitiz Power Corporation (AboitizPower) at the
Philippine Stock Exchange to provide the company with the
financial flexibility to take advantage of growth opportunities in
the local power sector.
In Banking, AEV is the largest shareholder of UnionBank, a
publicly-listed universal bank that consistently ranks among the
top banks with key performance ratios in profitability, liquidity,
solvency and efficiency. It is a pioneer in the application of
information technology in banking services.
AEV, AboitizPower and UnionBank have been recognized as among
Asia’s best-managed companies.
AEV also owns City Savings Bank, a leading thrift bank based in
Central Philippines.
Other core investments under Aboitiz & Company are in land
development, construction and shipbuilding.
An integral part of the Aboitiz corporate philosophy is its
commitment to Corporate Social Responsibility. Through the
Aboitiz Foundation, Inc., all Aboitiz companies contribute yearly a
percentage of their profits to the foundation. Its projects focus on
education, enterprise development, primary health and childcare,
and the environment.
In 2010, the international financial magazine Asiamoney
recognized AboitizPower as Best Large Cap Company in the
Philippines and AEV president and CEO Erramon I. Aboitiz as Top
Executive for the year.
The group’s sustainability program, Race To Reduce Challenge
was also recognized as the winner in the Environmental Excellence
category of the Asian CSR Awards 2010 in Kuala Lumpur, Malaysia.
The same program also garnered an Anvil Award of Merit given by
the Public Relations Society of the Philippines.
Today, with over a century of service to the Filipino nation, the
Aboitiz Group is stronger than ever, moving as one across 7
industries, relentless in their collective pursuit of one vision, fueled
by the enduring legacy of a trusted brand name that resonates the
Aboitiz way.
In Food, Pilmico Foods Corporation is among the country’s top
three flour milling companies, and leads in operating efficiency.
Its wholly owned subsidiary Pilmico Animal Nutrition Corporation
operates a feed milling and swine growing business.
6 ENABLING SUSTAINABILITY