Articles worth reading
Quezon City Mayor Joy Belmonte / QC PIO

Quezon City mayor wants better crowd management

account_balanceQuezon City access_time5 days ago

Quezon City government officials will meet with officers of the Quezon City Police District, barangays, QC Department of Public Order and Safety, QCDRRMO and other relevant agencies to discuss how crowding in encounter sites, like what happened in Co...

Photo coutesy of: Isko Moreno Domagoso Facebook page

Manila simulates vaccine transport 

account_balanceManila access_time5 days ago

The city government of Manila conducted its own simulation exercise of transporting the coronavirus disease (Covid-19) vaccines from its central storage facility at the Sta. Ana Hospital to 18 identified target vaccination sites in the city, acc...

PNP-PDEA shootout leaves four dead

account_balanceMetro Manila access_time5 days ago

Four people were killed in Wednesday's controversial shootout between anti-drug operatives of the Philippine National Police and the Philippine Drug Enforcement Agency, authorities said in a report by CNN Philippines. Aside from the two pol...

Metro News

MPIC Sustainability Team headed by CFO and CSO Chaye Cabal-Revilla with SASB Membership and Engagement Team

Metro Pacific commits to UNGC

account_balanceMetro News account_circleAmihan Reyes chat_bubble_outline0 Comments

Metro Pacific Investments Corporation (MPIC) committed to two sustainability alliances, geared towards perpetuating the global standards of monitoring the sustainability initiatives of corporations. 

MPIC has confirmed participation in both the United Nations Global Compact (UNGC), the largest corporate sustainability initiative aimed to align strategies and operations with universal principles on good governance and ethical business practices; and the Sustainable Accounting Board Alliance (SASB), a program for organizations and individuals that support the need for more decision-useful, cost-effective sustainability disclosure.

In a letter signed by its President and Chief Executive Officer Jose Ma. K. Lim, MPIC affirms its responsibility to the UNGC’s ten principles to meet fundamental responsibilities in the four areas: human rights, labour, environment and anti-corruption; and to take strategic actions to advance broader societal goals, such as the UN Sustainable Development Goals (SDGs), with an emphasis on collaboration and innovation.

“MPIC’s commitment to the UNGC further reinforces the responsibilities we have already undertaken in terms of championing a sustainable future and a supportive working environment within our corporation,” says Lim. “We have been operating our businesses, guided by these principles, as they are key elements in ensuring we create the most value for us and our stakeholders.”

 

Embodying Core Principles

Prior to its participation, MPIC implements the ten core principles, instilled in its existing company policies, sustainability initiatives, and corporate social responsibility programs. Outlined in implementing policies and procedures such as the Policy on the Respect for and Protection of the Rights of the People, Suppliers Assessment Policy, Environmental and Social Impact Assessment Policy, and the Code of Business Conduct and Ethics, this commitment further solidifies the corporation’s dedication to involve these principles in its strategy, corporate culture, and day-to-day operations.

Beyond written policies, MPIC embodies this participation within its company values of Teamwork and Empowerment, Integrity and Transparency, Entrepreneurship, and Financial Discipline and Accountability. Moreover, several of the UN SDGs align closely with the pillars of MPIC’s Sustainable Development Framework: Operational Efficiency, Service Excellence, Engaged and Safe Workforce, Social Responsibility, and Environmental Stewardship. 

 

Supporting the Global Movement

Through MPIC’s commitment to participate in the UNGC, the corporation obliges to disclose any relevant policies, procedures, activities that the company has taken or plans to undertake to implement these principles in each of the four issue areas, as well as provide a measurement of the initiatives’ outcomes.

Primarily, MPIC’s businesses contribute significantly in achieving the Philippines 2030 development targets, being an integral player in the improvement and expansion of the delivery of essential services in power, transport, water, and healthcare. MPIC’s investments and their corresponding programs directly address twelve SDGs, particularly: No Poverty (One Meralco Foundation’s rural electrification program, MPIF’s calamity and other social development programs); Good Health and Well-Being (MPHHI’s provision of best-in-class in-patient and out-patient services and senior wellness program, GBP’s health, scholarships, and social development programs in adopted communities); Quality Education (MPIF’s Mano Amiga Annual Excellence Fund, OMF’s school electrification programs); Clean Water and Sanitation (Light Rail Manila Corp.’s Ginhawash Program, Pag-asa sa Patubig Partnership); Affordable and Clean Energy (MERALCO’s electrification programs for outlying islands, MPTC’s solar panels in major toll plazas, CCTV’s callboxes, and roadway lighting); Decent Work and Economic Growth (Employment, occupational health and safety, compliance with the Labor Code across all businesses; Maynilad’s Kapwa and Sining Ipo, providing livelihood support to the women of STM-Tondo and indigenous craftsmen in Ipo watershed respectively); Industry, Innovation, and Infrastructure (MPTC’s expansion of national road network, LRT-1’s expansion project), Sustainable Cities and Communities (Power sector’s disaster recovery and business continuity plans, Tollroads sector’s disaster relief operations), Responsible Consumption and Production (responsible waste management across all businesses, progressive ban on single use plastics); Climate Action (Meralco’s e-jeepneys, LRMC’s plans to install regenerative technology in its tracks that stores power generated by the LRVs; Life Below Water (MPIF’s Shore It Up! program); and  Life on Land (GBP Malubog, Lambunao, and mangrove reforestation projects).
 

First conglomerate in the world, second SASB global alliance member in the PH

With MPIC’s recent commitment as the first conglomerate in the world and the second global SASB alliance member in the Philippines, the corporation strengthens its goal to build capacity among their staff, identify best practices and explore the use of material sustainability information.

“Metro Pacific’s businesses aim to create shared value between us and our stakeholders, with ESG involvement chiefly becoming a priority,” says MPIC Chairman Manuel V. Pangilinan. “Our commitment to SASB not only reaffirms our intent, but also attributes more credibility to the corporation in the interest of new and existing investors.”

“Through its participation in SASB, MPIC joins the ranks of global companies that support the need for standardized sustainability disclosures that meets the needs of its investors,” says MPIC Chief Finance Officer & Chief Sustainability Officer Chaye Cabal – Revilla.


date_rangeDate Published
1 month ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Photo Courtesy of Manila PIO

UDM posts 100% passing rate in social worker licensure exam

account_balanceManila chrome_reader_mode1 week ago

Namayagpag ang BS Social Work Batch 2020 ng Universidad de Manila (UdM) sa February 2021 Social Worker Licensure Examination nang makapagtala ng 100% passing rate sa naturang board exam.  Sa pangkalahatan, kasama ng mga iba pang batch ng UdM gr...

Pasay toughens health protocols 

account_balancePasay chrome_reader_mode6 days ago

A total of 1,714 individuals were issued citation tickets in violation of health protocols and curfew hours following Pasay City Mayor Emi Calixto-Rubiano’s directive to the police to be on guard due to the spike of coronavirus (COVID-19) in th...

Hubalde to headline Talisay in Super Cup 

account_balanceMetro Manila chrome_reader_mode7 hours ago

A stacked Talisay lineup could pose a tough challenge for the rest of the teams in the inaugural staging of the VisMin Super Cup, according to a report by Philippine News Agency. Paulo Hubalde, a veteran in the game of basketball with stints in the ...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode5 months ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature