enabling sustainability - Aboitiz Power

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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
Aboitiz Group 2010 AboitizPower COAL THERMAL SERVICES RENEWABLE DISTRIBUTION LUZON Aboitiz Equity Ventures AboitizPower Aboitiz Jebsen Aboitiz Foundation City Savings Bank Pilmico Animal Nutrition UnionBank MANILA VISAYAS Aboitiz Equity Ventures Aboitiz and Company AboitizPower Aboitiz Construction Group Aboitiz Foundation City Savings Bank UnionBank CEBU MINDANAO AboitizPower Aboitiz Foundation City Savings Bank Pilmico Food UnionBank DAVAO ABOITIZ SUSTAINABILITY REPORT 2010 7
Page 1 and 2: Enabling Sustainability enabling su
Page 3 and 4: GRI G3 Level C Disclosures 1.1. STR
Page 5: On the supply side, AboitizPower ge
Page 9 and 10: Business at a Glance Our businesses
Page 11 and 12: RECHARGE COMMUNITIES RENEWABLE ENER
Page 13 and 14: Our Stakeholders STAKEHOLDERS WHAT
Page 15 and 16: Simultaneous tree planting To prote
Page 17 and 18: Race to Reduce run Sustainability i
Page 19 and 20: Waste is unavoidable. However, wast
Page 21 and 22: A thousand hours for the planet For
Page 23 and 24: ABOITIZ SUSTAINABILITY REPORT 2010
Page 25 and 26: Corporate Social Responsibility The
Page 27 and 28: About the artist ALMUN REY LOGRONIO

enabling sustainability - Aboitiz Power

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