Aboitiz Group fosters inclusive economic growth; drives progress in ABAC’s commitment to Equity, Sustainability, and Opportunity
(Top Photo) INCLUSIVE GROWTH DRIVES PROGRESS. Aboitiz Group drives Philippine development through inclusive growth. In Cebu City, their reliable power empowers the town, improving lives, and supporting economic growth and trade among APEC economies. Union Bank of the Philippines, led by Aboitiz, promotes financial inclusion through digital banking nationwide. With innovation and sustainability, Aboitiz Group contributes to nation-building.
(Below Photo) The Aboitiz Cleanergy Park is an iconic ecological preserve and biodiversity conservation site in an urban setting. The eight-hectare Aboitiz Cleanergy Park is located at the tip coast of Punta Dumalag, Matina Aplaya, Davao City, and is part of the Marine Protected Area certified by the local government unit of Davao City. (Aboitiz Group File Photos)
With a steadfast commitment to comprehensive economic and sustainable development, the Aboitiz Group steps up its strategies to advocate and drive progress in ABAC’s theme of Equality, Sustainability, and Opportunity. By incorporating these principles into their operations and initiatives, Aboitiz is actively contributing towards a more prosperous ASEAN region.
As the Philippines looks forward to hosting the ABAC 3 meeting in Cebu, the Aboitiz group acts as a key driver in advancing the shared goals of equity, sustainability, and opportunity. The invaluable expertise of Aboitiz President and CEO, and ABAC PH member Sabin Aboitiz, contribute significantly to the Aboitiz Group’s endeavors and enhance the alignment between ABAC’s vision and the strategies.
Sabin Aboitiz demonstrates the Aboitiz Group’s unwavering commitment to sustainability. The focus on exploring the viability of Nuclear Energy via Small Modular Reactors highlights the Group’s interest in advancing clean and efficient energy sources, aiming to reduce carbon emissions and mitigate climate change. Additionally, the integration of Climate Risk Scenarios underscores the Group’s proactive approach to understanding and addressing the potential risks and challenges posed by climate change.
“At Aboitiz, we believe that businesses have a crucial role to play in promoting equity, sustainability, and opportunity,” Aboitiz Group President and CEO Sabin Aboitiz said. “Through our collective efforts, we are committed to making a positive impact on society and fostering a better future for all,” he added.
Apart from being the pioneer of renewable energy in the Philippines with 1249.17MW of total net sellable renewable energy capacity, AboitizPower, the energy arm of the Aboitiz Group, has shown commitment to promoting equity and inclusion within the company. Testament to that is the Diversity, Equity, Inclusion, and Belonging (DEIB) program which aims to push the envelope further in creating a safe and welcoming workplace for all. The DEIB program includes the establishment of resource networks for LGBT+, women at work, and “special life” team members, which include single parents and differently-abled workers.
Group wide, Aboitiz also implements several initiatives that further celebrate diversity and maintain an inclusive workplace. Among them are info sessions and people stories for Women’s Month, Pride Month, and Mental Health Month. Aboitiz also recognized the significance of showcasing the demographics within its workforce. The company boasts a balanced representation of male and female team members, fostering an environment that values gender equality and provides equal opportunities for all.
Aboitiz Equity Ventures, AboitizPower, and Aboitiz InfraCapital are also proud member companies of the Philippine Business Coalition for Women Empowerment, a nonprofit organization advocating for workplace gender equality. Aboitiz understands that the overall success of the company also depends on the individual success of the team members. And by creating a culture where everyone feels valued, respected, and included, the Aboitiz group makes sure that no one is left behind on the journey toward progress.
Furthermore, the Aboitiz-led UnionBank of the Philippines plays an important role in the group’s digitalization path. Driven by its dedication to “Tech-Up Pilipinas” and fostering widespread economic growth, UnionBank remains unwavering in its assurance that nobody, be it its clients, employees, or fellow citizens, will get left behind.
Environmental stewardship also lies at the core of Aboitiz’s efforts, as the company actively pursues environmentally responsible practices and solutions that meet the sustainable development goals (SDGs) set by the United Nations. Aboitiz Equity Ventures (AEV), the holding company of the Aboitiz Group, has placed sustainability at the forefront of its business strategy. The Aboitiz Cleanergy Park, which is located at the tip coast of Punta Dumalag, Matina Aplaya, Davao City, is a huge part of Aboitiz’s sustainability efforts. The eight-hectare biodiversity park serves as a haven for migratory and local birds, various mangrove species, a pawikan rescue center facility, and a nesting ground for critically endangered sea turtles.
By partnering with the Department of Environment and Natural Resources (DENR), Aboitiz continues to live out its sustainability efforts by also spearheading the protection and rehabilitation of the Boracay Wetland No.4. As a linear urban park, the Boracay Wetland will offer a range of recreational activities that incorporate eco-friendly tourism designs, ensuring minimal environmental impact.
Apart from biodiversity conservation, Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, advocates for better water resource management via corporations like Apo Agua Infrastructura, Inc. (Apo Agua) and LIMA Water Corporation (LWC). Apo Agua is building one of the Philippines’ largest private bulk water supply facilities in Davao City, which harnesses sustainable water sources and provides reliable water supply to the growing population of Davao City. The project not only ensures access to clean water but also supports the local economy and promotes environmental stewardship.
Through strategic partnerships and collaborations, Aboitiz continues to create opportunities for growth and economic progress. By empowering individuals and communities, the company is sowing the seeds for sustainable economic progress and shared prosperity, helping to advance the business and the community that they serve.
As ABAC continues to champion the themes of equity, sustainability, and opportunity, the Aboitiz Group remains steadfast in its commitment to being a catalyst for inclusive economic growth. By fostering an atmosphere that values diversity, advocating sustainable actions, and channelizing investments into projects that empower communities; the Aboitiz Group is taking the initiative in leading the way towards a more equitable and ecologically responsible ASEAN region. ### (PR)