There was no time wasted at the APEC Business Advisory Council (ABAC) meetings held last November 14 to 16 in Bangkok, Thailand. On the heels of fruitful discussions and action-oriented plans, the council of industry mavericks and business leaders continued on their forward-looking agenda. It was on the final day of the ABAC meetings that it was announced Aboitiz Group President and Chief Executive Officer (CEO) and ABAC PH member Sabin Aboitiz would be the 2023 ABAC Sustainable Growth Working Group Vice-Chair. Working with Aboitiz is 2023 ABAC Sustainable Growth Working Group Chair ABAC China member Ning Gaoning.
“I look forward to my new role with optimism and enthusiasm as we continue to work closely together towards achieving our shared goals for the region and delivering more sustainable and meaningful outcomes for the world,” said Aboitiz.
The initial areas of focus for the 2023 ABAC Sustainable Growth Working Group include promoting an effective response to climate change and transition to a low-carbon economy, advancing realistic energy transitions towards low carbon in the region, and supporting efficient and sustainable processes across the food value chain of the region.
Aboitiz will be able to draw on the continuing success of the Group’s Great Transformation growth strategy, which has thrust the century-old conglomerate towards becoming the Philippines’ first techglomerate. By leveraging technology and a renewed entrepreneurial mindset, the Aboitiz Group is able to tackle the challenges that plague the region, from energy to food insecurity, in a sustainable and inclusive manner.
AboitizPower has been building its clean energy portfolio while helping meet the country’s energy security needs. Currently, one out of five megawatts of installed renewable energy capacity in the Philippines comes from AboitizPower. The company aspires to a 50:50 balance between its renewable and thermal assets by 2030 with run-of-river, large hydro, solar, geothermal and wind sources. Recently, AboitizPower entered a joint venture with global renewable energy company Mainstream Renewable Power (Mainstream) to build a 90-MW onshore wind project in Libmanan, Camarines Sur.
The Aboitiz Group has also risen to the continuing challenges that the food industry faces through Pilmico and Gold Coin Group, its integrated agribusiness and food unit. Addressing the threat posed by African Swine Fever and other harmful animal diseases, Pilmico increased facilities and capacities across the region, recognizing the importance of a region-wide food value chain. Locally, a new breed and nursery farm in Nueva Ecija was completed this October to support and augment swine production. Regionally, Gold Coin, as part of the unified Food Group, is expanding their capacity operations in China and Vietnam, to be completed by 2023, and their research and development capabilities across the region, contributing to the United Nations’ “zero hunger” sustainable development goal.
About Aboitiz Equity Ventures
Aboitiz Equity Ventures, Inc. (AEV) is the public holding company of the Aboitiz Group with major investments in power, banking and financial services, food, infrastructure, land, and data science and artificial intelligence. Today, AEV is recognized as one of the best-managed companies in the Philippines and in the region, consistently cited for its commitment to good corporate governance and corporate social responsibility. With five generations of Aboitiz Group business success behind it, AEV continues to drive change for a better world by advancing business and communities.
The Aboitiz Group is a member of the Global Compact Network Philippines Board of Trustees and helps champion the Philippines’ sustainability initiatives on an international level through policies, advocacies, and initiatives that align with the United Nations Global Compact (UNGC). The company has also launched its #OneAboitizSustainability Framework which aims to transform its life-essential businesses into having improved sustainable practices and positively impact the environment and society.
To know more about the #OneAboitizSustainability programs, please visit: https://sustainability.aboitiz.com/.