A Better World – in pursuit of exceptional organizational governance in the Philippines, AboitizPower puts accountability, responsibility, and transparency at the heart of its operations.
AboitizPower’s corporate actions are based on ethical governance policies that safeguard the company's welfare, the environment, its employees, and our partner stakeholders.
AboitizPower’s organizational structure ensures the efficient and high-quality business output of our vast operations nationwide. This is aligned with our goal to uphold the highest ethical business standards throughout all our corporate decisions.
We also practice updated ethical guidelines to meet the current demands for action in forwarding sustainability worldwide.
We strive to achieve a better future through our initiatives' integrity as a business enterprise and as an environmental partner.
[GRI 2-23 (2021)] AboitizPower commits to providing reliable power supply to enhance customer satisfaction. To do this, we embody high P.E.R.F.O.R.M.A.N.C.E. by:
Providing a venue for our employees to develop skills and strengthen collaboration;
Ensuring to protect the environment by minimizing the negative impact of our activities and;
Reducing OH&S risks and eliminating hazards to provide a safe and healthy work environment for our people and partners;
Facilitating the management of the whole lifecycle of power assets;
Operating and maintaining power systems to optimize the overall economic return of our investment;
Regularly reviewing, testing, and updating business continuity plans to ensure continuity of our operations;
Managing risks and opportunities, and implementing controls in our processes and systems;
Assuring the availability, confidentiality, integrity, and protection of information assets and information processing systems;
Nurturing, protecting, and continuously building relationships with our stakeholders;
Complying with the organization’s obligations and managing its compliance risk, and;
Ensuring that we continually improve our processes and systems.
AboitizPower upholds the high P.E.R.F.O.R.M.A.N.C.E. principle to achieve and sustain Business Results, Operational Excellence, Service Excellence, and Employee Development.
The IMS policy shall be periodically reviewed to ensure adequacy and applicability. Furthermore, the policy will be communicated within the organization and will be made available to interested parties.
Click here to see other IMS policy of AboitizPower's subsidiary.
We remain committed to growing our business with the least adverse effect on our people, environment, and communities. Our operations abide extensively by various safety, health, and environmental laws and regulations. We adhere to strict international standards and continuously improve the conduct of our operations to ensure a safe workplace and improve efficiency.
In 2023, operationally controlled subsidiaries within AboitizPower obtained 96% certification with ISO 9001:2015 Quality Management Systems, ISO 45001 Occupational Health & Safety Management System, and ISO 14001 Environmental Management System. These certifications exemplify our unwavering dedication to quality, occupational health and safety, and environmental stewardship.
By aligning with these internationally recognized standards, we demonstrate our commitment to excellence and continuous improvement in all aspects of our operations. We believe that by integrating these principles into our daily practices, we can create a safer and more sustainable future for our employees, stakeholders, and communities.
|
Quality Management Systems 96% |
Occupational Health & Safety 96% |
Environmental Management Systems 96% |
Asset Management ISO 55001:2014 |
Information Security Management ISO 27001:2013 | Business Continuity Management Systems ISO 22301:2012 |
Energy Management System ISO 50001:2018 |
|
|---|---|---|---|---|---|---|---|
| % Certified in Power Generation | 100% | 100% | 100% | ||||
| GEO | AP Renewables, Inc. (MakBan) | AP Renewables, Inc. (MakBan) | AP Renewables, Inc. (MakBan) | AP Renewables, Inc. (MakBan) | |||
| AP Renewables, Inc. (Tiwi) | AP Renewables, Inc. (Tiwi) | AP Renewables, Inc. (Tiwi) | |||||
| Solar | San Carlos Sun Power, Inc. | San Carlos Sun Power, Inc. | San Carlos Sun Power, Inc. | ||||
| Hydro | Hedcor, Inc. | Hedcor, Inc. | Hedcor, Inc. | Hedcor, Inc. | Hedcor, Inc. | ||
| Hedcor Sibulan, Inc. | Hedcor Sibulan, Inc. | Hedcor Sibulan, Inc. | Hedcor Sibulan, Inc. | Hedcor Sibulan, Inc. | Hedcor Sibulan, Inc. | ||
| Hedcor Tudaya, Inc. | Hedcor Tudaya, Inc. | Hedcor Tudaya, Inc. | Hedcor Tudaya, Inc. | Hedcor Tudaya, Inc. | Hedcor Tudaya, Inc. | ||
| Hedcor Sabangan, Inc. | Hedcor Sabangan, Inc. | Hedcor Sabangan, Inc. | Hedcor Sabangan, Inc. | Hedcor Sabangan, Inc. | |||
| Hedcor Bukidnon, Inc. | Hedcor Bukidnon, Inc. | Hedcor Bukidnon, Inc. | Hedcor Bukidnon, Inc. | Hedcor Bukidnon, Inc. | |||
| Luzon Hydro Corporation | Luzon Hydro Corporation | Luzon Hydro Corporation | Luzon Hydro Corporation | Luzon Hydro Corporation | Luzon Hydro Corporation | ||
| SN Aboitiz Power, Inc. - Magat | SN Aboitiz Power, Inc. - Magat | SN Aboitiz Power, Inc. - Magat | SN Aboitiz Power, Inc. - Magat | ||||
| SN Aboitiz Power, Inc. - Benguet | SN Aboitiz Power, Inc. - Benguet | SN Aboitiz Power, Inc. - Benguet | SN Aboitiz Power, Inc. - Benguet | ||||
| Oil | Therma Mobile, Inc. | Therma Mobile, Inc. | Therma Mobile, Inc. | Therma Mobile, Inc. | |||
| Therma Marine, Inc. (Maco) | Therma Marine, Inc. (Maco) | Therma Marine, Inc. (Maco) | Therma Marine, Inc. (Maco) | ||||
| Therma Marine, Inc. (Nasipit) | Therma Marine, Inc. (Nasipit) | Therma Marine, Inc. (Nasipit) | Therma Marine, Inc. (Nasipit) | ||||
| Therma Power Visayas, Inc. | Therma Power Visayas, Inc. | Therma Power Visayas, Inc. | Therma Power Visayas, Inc. | ||||
| East Asia Utilities Corporation | East Asia Utilities Corporation | East Asia Utilities Corporation | |||||
| Cebu Private Power Corporation | Cebu Private Power Corporation | Cebu Private Power Corporation | Cebu Private Power Corporation | ||||
| Coal | Therma South, Inc. | Therma South, Inc. | Therma South, Inc. | ||||
| Therma Visayas, Inc. | Therma Visayas, Inc. | Therma Visayas, Inc. | |||||
| % Certified in Power Distribution | 100% | 100% | 100% | ||||
| Visayan Electric company, Inc. | Visayan Electric company, Inc. | Visayan Electric company, Inc. | Visayan Electric Company, Inc. | ||||
| Davao Light and Power Company, Inc. | Davao Light and Power Company, Inc. | Davao Light and Power Company, Inc. | Davao Light and Power Company, Inc. | ||||
| Cotabato light and Power Company | Cotabato light and Power Company | Cotabato light and Power Company | Cotabato Light and Power Company | ||||
| Subic Enerzone Corporation | Subic Enerzone Corporation | Subic Enerzone Corporation | Subic Enerzone Corporation | ||||
| Balamban Enerzone Corporation | Balamban Enerzone Corporation | Balamban Enerzone Corporation | |||||
| Mactan Enerzone Corporation | Mactan Enerzone Corporation | Mactan Enerzone Corporation | |||||
| Lima Enerzone Corporation | Lima Enerzone Corporation | Lima Enerzone Corporation | |||||
| Malvar Enerzone Corporation* | Malvar Enerzone Corporation* | Malvar Enerzone Corporation* | |||||
| Other Facilities | 100% | ||||||
| Aboitiz Power Corporation - Corporate Office | |||||||
| AP Renewables, Inc. (Corporate Office) |
Notes on Data Transparency:
1. Companies are operationally controlled by AboitizPower
2. Companies listed are operational facilities as of end 2021
3. Malvar Enerzone is still in the process of an internal audit for certifications.
[GRI 207-1 (2019)] The Aboitiz Group (the “Group) believes in, and adheres to the fundamental principles of good governance in the Philippines.
We believe in paying the correct taxes on time and complying with all administrative and reportorial requirements. We recognize that transparent engagement with our stakeholders is critical to sustainability and the creation of long-term value of our business.
As a responsible corporate citizen living in the value of integrity, guided on tax matters by the Tax Committee chaired by the Group Chief Finance Officer, the Group commits to:
We monitor and function as an added layer of security regarding the Group’s compliance with tax filings and payments as well as records retention and management. There are periodic discussions to ensure uniformity of best practices and positions across the group.
We continuously educate ourselves to keep up with tax, legal, and business developments in the industries and tax jurisdictions applicable to the Group’s portfolio. To ensure that the Group is updated and compliant with the new tax rules and regulations, we actively identify and address competency gaps, consistently advocate for continuous learning & development, review existing policies & controls, and consult our external advisors where appropriate.
| Distribution Utility Performance | Unit | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Technical distribution losses* | % | 6.61 | 7.21 | 7.31 |
| System Average Interruption Duration Index (SAIDI)** | hours | 6.36 | 4.32 | 5.00 |
| Smart Meter Penetration*** | % | 4.83 |
Note:
* The data is represented by Davao Light & Power Company (Davao Light) as it has the highest network length among the distribution utilities of AboitizPower. The average network length over the last three years (in km) is 4,455.
** The data is represented by Visayan Electric Company (Visayan Electric) as it has the highest number of customers among the distribution utilities of AboitizPower.
*** Smart Meter Penetration is the percentage of metering devices of AboitizPower’s operationally controlled Distribution Utilities that have already been converted to smart meters.
[GRI 415-1 (2016)] The company abides by the applicable laws on lobbying interests in accordance with: Republic Act No. 1827 “An Act to Regulate Lobbying in the Congress of the Philippines and in the Commission on Appointments”, Republic Act 11232 “Act Providing for the Revised Corporation Code of the Philippines” and the Omnibus Election Code of the Philippines.
The company prohibits the influence of any legislators or committees of Congress, to pass or defeat legislation that may be beneficial or in favor of the company, in exchange for money or property. The company in its conduct of business does not provide any monetary contributions for the following activities:
With the growing needs of the company, AboitizPower ensures that it partners with suppliers that will not only be able to deliver their products or services accordingly, but also gives importance to sustainability and are implementing sustainable business practices. The company recently released its Supplier Code of Conduct (the “Code”) which aims to align our company values with our suppliers, and to strengthen our supplier’s standard on doing business with the company.
This Code ensures that all of our suppliers will uphold and share the same values and sustainability principles when doing business with the Company, and adhere to our compliance, ethical, social, labor, environmental and quality standards and requirements.
The Company urges its suppliers to promote the same sustainable standards and commitments expected from the Code to their respective supply chain.
The AboitizPower Oil Business Unit (BU) marked a milestone in 2021 for being the first in the AboitizPower Group to be conferred with the ISO 50001:2018 “Energy Management Systems (EnMS)” certification.
True to its commitment to be a world-class electric utility, AboitizPower subsidiary Visayan Electric Co., Inc. (Visayan Electric) successfully maintained its Integrated Management System (IMS) certifications for several categories.
AP Renewables Inc. (APRI) and San Carlos Sun Power Inc. (SacaSun), both renewable energy generation subsidiaries of the AboitizPower, passed the second surveillance audit for the Integrated Management System (IMS) last February 8-11, 2021.
As one of the Philippines’ largest energy producers, we are committed to providing the nation with reliable, affordable, and sustainable power sources.
Our investment and shareholder relations reports are available online to get a glimpse of how we address people, planet, and profit.
A productive career awaits you at AboitizPower. Look through our job listings and join us in transforming energy for a better world today!