Tag Archives: Petron

Corporate Sustainability Video Series: Spotlight on Ayala Corporation


Manila Water Company, an Ayala-led corporation was the very first listed company to publish a sustainability report in the Philippines. In 2007, Manila Water was also the Client Leadership Awardee of the International Finance Corporation.

It’s experience is inspiring the other Ayala companies to embark on a sustainability journey. A little blue bird tells me that in 2013, the Ayala group will be publishing its GRI-based sustainability report with an assurance statement, and probably at A level of application. It’s about time. For a moment, I thought they were lagging in sustainability leadership as energy giants Energy Development Corporation of the Lopez Group and Petron Corporation of the San Miguel Group have been shaping the practice in the Philippines.

In the next blog, we feature the sustainability video of Energy Development Corporation. Stay tuned.

Disclaimer: This blog post reflects the personal view of the author and not of the companies mentioned herein.


Great Expectations from the 2nd National Sustainability Reporting Conference (Philippines)


It’s a wrap for tonight. Looking forward to participating in tomorrow’s by-invitation only event at the University of Asia and the Pacific. Companies who are intensifying their efforts in sustainability reporting can be compared to the “marchers”. A friend and fellow sustainability enthusiast refers to them as the sustainability lions. A pretty apt moniker to match the glowing ratings of the country considered to be an emerging economy by rating agencies like JP Morgan and Moody’s. Talk about parallelisms. What do I expect from the sustainability lions as they strut their swagger. Will the form be substantiated? I got hold of the list of presentors and here’s what the conference has to offer:

Perspectives from a Non-reporting Organization
Ms. Cynthia V. Pantonal
Executive Director
AES Philippines Foundation

Business Case for Sustainability Reporting:

1. Strategic Decision Making & Enhanced Business
Operations; Stakeholder Responsiveness
Mr. Tommy T. Valdez
Vice President for CSR
San Roque Power Corporation

2. Supply Chain Sustainability Management:
A panel discussion on crafting a sustainability agenda
and developing a supply chain roadmap
Ms. Marilou G. Erni
General Manager
Petron Foundation

Tools & Best Practices on Writing a Sustainability Report:

1. Materiality Testing and Disclosure on Management Approach
Ms. Agnes De Jesus
Senior VP for Environment & External Relations
Energy Development Corporation

2. Applying for A-level GRI-Checked Report
Mr. Roderick De Castro
Executive Director
Team Energy Foundation

An open forum follows after the presentations. The lead organizer of this event, Prof. Colin Hubo tells me that the conference was intended to be a small gathering of like-minded people. A small group of passionate sustainability practitioners will indeed make for a potent cauldron of discourse and maybe a little debate to spice up the conversations.

A wise sage once told me that a sustainability report does not indicate that the reporter is a responsible organization. What the sustainability reporting framework (predominantly GRI) offers is a comparable platform for understanding and disclosing of actions and measures that are tied to various bottomlines (the three-pronged spear of John Elkington).

Let’s see how the lions roar tomorrow.

Follow @davedevilles for real-time updates of tomorrow’s exciting event.

 

 


Philippine Sustainability Reporting Bulletin – Maiden Issue


The University of Asia and the Pacific through its Center for Social Responsibility launches a pioneering bulletin that aims to promote sustainability reporting in the Philippines. The maiden issue features geothermal giant Energy Development Corporation, which has been producing its integrated sustainability report using the Global Reporting Initiative Framework for Electric Utilities Sector. At B+, EDC has recently reported on 82 out of the 104 key performance indicators (KPIs).
In the Philippines, sustainability reporting is a nascent activity. Manila Water Corporation, an Ayala-led utility company, was the first business to do a sustainability report in the late 90s.  Soon after, its parent company and subsidiaries followed suit. Recently, however, there was a decline in enthusiasm as Manila Water remained using a self-declared GRI-based report. The slack was picked up by companies in the energy sector. Today, the most active reporters are Petron Corporation (San Miguel-owned), Team Energy and Energy Development Corporation (Lopez-owned). All three companies seem to be advancing the practice of corporate reporting by including assurance in its report aside from using the GRI 3.1 framework.  Team Energy and Energy Development Corporation are using the Electric Utilities Sector Supplement which has more set of parameters specific to power generating companies. Aboitiz Power joined the fold publishing its maiden report at B-level, self-declared.

 

With the launching of UA&P-CSR’s Sustainability Bulletin, it is expected that the practice of sustainability reporting will be promoted.

 

 

To download a copy, click on the link below:

CSR Project Bulletin 1 – UA&P and EDC Partnerships for AA1000