2007 ANNUAL REPORT Power Corporation - Aboitiz Equity Ventures

CORPORATE SOCIAL RESPONSIBILITY
Empowering communities
The strong
commitment to
corporate social
responsibility and
the deep sense
of sharing and
belongingness
in a community
propel Aboitiz
Power companies
to support and
assist their host
communities.
The strong commitment to corporate social responsibility and the
deep sense of sharing and belongingness in a community propel
companies of Aboitiz Power Corporation (AP) to support and
assist their host communities. AP companies actively implement
CSR programs and projects in areas where they operate.
The fulfillment of sharing the fruits of their company’s operations
and improve the quality of life of residents in their host
communities goes far beyond the company’s bottomline figures.
As a group, AP companies allocated a total of 86 million for
various social development initiatives in 2007.
The bulk of the different interventions conducted by the
companies are in the area of community development wherein
a percentage of company revenues is shared with the host
communities for use in various social development projects.
Continuing projects that are specific to power companies like rural
electrification were also implemented.
Further, the allocation of a special fund as mandated by the
Department of Energy ER 1-94 has helped communities in
alleviating poverty in their respective areas. ER 1-94 is a program
in partnership with the generation facilities/private sector
wherein the generation facility allocates one centavo for every
kilowatt hour of total electricity sales as financial benefits to the
communities hosting the power plants.
The funds are used to finance community projects proposed by
the host communities. The projects should show potential for
enhancing progress, provide a decent source of livelihood, and uplift
the community’s general economic conditions.
AP companies also supported education-related activities such as
infrastructure building, computerization programs, values formation
training, scholarships and financial assistance programs. They also
undertook initiatives in environment and enterprise development.
46 • ABOITIZ POWER CORPORATION ANNUAL REPORT 2007