AboitizPower impressive market performance cited

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Aboitiz Power Corporation (AboitizPower) has maintained its spot in the FTSE4Good Index Series for the fifth year, underscoring its drive to uphold corporate sustainability practices.

AboitizPower maintained its overall rating of 3.1 out of a rating scale of 5.0, mainly due to its performance in the social and governance themes, highlighting its dedication to people and integrity as a partner in good governance.

“We are honored to be recognized again in this index. This external recognition affirms progress in our continuing sustainability journey. Our inclusion in the index over the past five years provides us insights on how we as a company can do better and deliver more value to society and the planet,” AboitizPower President and Chief Executive Officer Emmanuel V. Rubio said.

AboitizPower team members engaging with members of an IP group in Davao del Sur.

Created by global index provider FTSE Russell, the FTSE4Good Index Series measures the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices. A wide variety of market participants use these indices to create and assess responsible investment funds and other products.

AboitizPower has been independently assessed according to the FTSE4Good criteria and has satisfied the requirements to become a FTSE4Good Index Series constituent, keeping its place on the list since 2018.

The company gathered maximum ratings of 5.0 in Anti-Corruption and Risk Management, bringing the aggregate Governance theme score to 4.7. In 2021, the company revised its Code of Ethics and Business Conduct to reflect its adherence to sustainable business practices, prevention of bribery, corruption, and money laundering, and compliance with relevant international trade and data privacy laws.

AboitizPower’s social theme score increased, driven by improvements in the company’s labor standards. Last year, the company released its Human Rights principles on its website to strengthen its position on addressing its operations’ potential impact on various stakeholders’ rights.

The company has als formally institutionalized the Anti-Sexual Harassment and Safe Spaces Acts to prevent all forms of harassment in the workplace. | PR