Datasets:
WHATX
/
ESG_Report

Dataset card Data Studio Files
xet
 Community
text
stringlengths
0
7.73k
AC Energy also supported the La Salle group as they launched their Safe Shelter project and opened their doors to provide a temporary home for COVID-19 frontliners.
AC Energy, together with the Ayala Group, was at the forefront of nationwide response. The company launched a series of social investment and support initiatives to mitigate the impact of the community quarantine, raising over ₱64 million that was cascaded to electricity, health and food relief, medical supplies, cash donations, and employ ee wages and emergency funds, with the priority to keep the employees, host communities and customers safe.
We ensured uninterrupted access to power while providing aid to as many Filipinos as possible.
Our Response to the Pandemic.
Pandemic Response Fund ₱64M.
Brigada ng Ayala Through the Brigada ng Ayala program, AC Energy’s power plants responded to the needs of teachers and learners by providing aid for the new normal in education. From Pagudpud, Ilocos Norte to Guimaras, Western Visayas, the company’s various plants distributed close to 2,000 “Educare” hygiene kits to 24 schools, with each one containing 150mL of alcohol, two bars of soap, face masks, and one face shield, among other items. The plants also distributed over 3,000 reams of bond paper to more than 200 schools across the nation.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 38 37.
MESSAGE INTRODUCTION GOVERNANCE ANNEXES 2020 HIGHLIGHTS CREATING VALUE
Ensuring health and wellness of employees For its own employees, AC Energy ensured the health and safety of its workforce through company-wide initiatives aimed to protect their overall well-being. Apart from the continuing provision of employee wages and allocation for emergency funds, the company spearheaded innovative weekly health checks, periodic updates about the crisis, a dedicated h otline for COVID emergencies, tele-psychological consultation services and online engagement activities.
For the swift transition to remote working for its headquarter-based employees and provide essential business continuity amidst the crisis, AC Energy immediately established various systems alongside a solid ICT infrastructure. Collaboration tools, internal communication apps, provision for access to wifi and other measures were put in place.
AC Energy recognizes the unprecedented crisis that the country and the whole world is facing right now, and these programs are a testament of what can be achieved if we all work together to aid the most vulnerable. The company will continue to lend support to help the country recover, and reinforces its strong commitment to invest in much needed energy investments in the Philippines as access to stable power is critical now more than ever.
Supporting host communities Together with the Ayala Group, AC Energy took part in Project Ugnayan, a fund-raising initiative together with more than 30 conglomerates and in partnership with the Philippine Disaster Resilience Foundation and Caritas Manila.
The project raised a total of ₱1.37 billion in support of families that have been economically displaced by the community quarantine in Metro Manila. AC Energy raised over ₱6 million in contribution to the project, and another ₱6 million as food reserve fund.
For its host communities and their frontliners, AC Energy, through its power plants, allotted ₱13 million and mobilized local teams to donate cash, medical supplies, as well as food supplies.
The company donated over 2,000 sacks of rice as aid to the locals of Norzagaray, Bulacan, Bacnotan, La Union, and Bangui and Pagudpud, Ilocos Norte.
Meanwhile, in Iloilo and Guimaras, AC Energy extended aid to communities to provide critical relief for strained healthcare systems, educational support for the communities, and environmental rehabilitation.
COMMUNITY INVESTMENTS.
Medical aid to the most vulnerable AC Energy assisted in the conversion of Qualimed in Nuvali into a COVID-19 dedicated hospital, and the HOPE project in Quezon City, a 175-bed capacity quarantine center. The projects were valued at ₱7 million.
AC Energy’s subsidiary, South Luzon Thermal Energy Corp, donated funds to support the UP PGH AO project to develop venti masks, a breakthrough mask that aims to lower the risk of COVID-19 patients to be intubated and sedated, thereby allowing patients to remain conscious and fight for life.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 40 39.
MESSAGE INTRODUCTION GOVERNANCE ANNEXES 2020 HIGHLIGHTS CREATING VALUE
Our multi-capital approach in the implementation of our business model allows us to identify valuable levers for value creation anchored on sustainability. This chart presents the management approach to our capitals, and their corresponding highlights for the year 2020.
VALUE CREATION.
Value Creation.
To maintain our strong balance sheet, we are disciplined and strategic in allocating our financial capital, and we strive to raise value through sustainable growth.
We derive energy from our renewable assets that are complemented by thermal energy, and we continuously invest on plant optimization and reliability while ensuring the health and safety of our employees.
We strive for excellence in the conservation and protection of natural resources within and beyond our host communities, while mitigating our ecological footprint.
Our people are the core of our business. Apart from competency enhancement to drive excellence in their performance, we continue to invest in the welfare of our employees, ensuring their health, safety and overall well-being.
We actively pursue open dialogue and consistent collaboration in engaging our host communities. We strive to understand their needs, involve them in our business process, and communicate our sustainability strategy in order to create long- term shared value.
Total Shareholder's Equity Return on Equity ₱21.35B 20.76%
Revenue.
Net Income ₱20.44B ₱3.75B 27% 65x 30% 45x.
Market Capitalization.
Share Price ₱110.48B ₱8.06/share 7x 4x.
Total Attributable Capacity Land and Biodiversity Protected.
Attributable Energy Output.
Seedlings Produced.
Renewable Energy Capacity.
Investment on Environment.
Attributable Output from Renewable Sources.
Trees Planted.
CO2 GHG Emissions Avoided 1,034 MW 910 hectares 2,165 GWh 67,500 491 MW ₱34.87M 520 GWh 59,027 349,437 MT CO2e 94% survival rate from 2018 - 2020.
Financial Manufactured Natural.
Human Social.
In our power plants, the adoption of emerging technologies play a prominent role in our renewables expansion. For our home-based workforce, the company’s enhanced IT infrastructure are mission-critical assets that give us competitive edge.
Intellectual.
Indirect Hires 762.
Jobs Created in Host Communities 3,200.
Safe Man Hours 7,256,162.
Direct Hires 649.
Retention Rate 96%
Investment in Employee Training and Development ₱2.68M.
R&D Spend ₱483.90M.
COVID-19 Response Fund Community Investment.
Lives Reached Through Programs Families Reached ₱64M ₱116.63M 35,994 40,609 from 2018 - 2020.
Ensuring efficient use of our resources.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 42 41.
MESSAGE INTRODUCTION GOVERNANCE ANNEXES 2020 HIGHLIGHTS CREATING VALUE
Stakeholder Engagement.
Fostering and nurturing bonds with our partners in sustainability.
We engage with our stakeholders actively and effectively through open dialogue and consistent collaboration.
By understanding our stakeholders' needs, involving them in our business process and communicating our sustainability strategy, we create long term shared value.
Our Objective To maximize shareholder value.
Their Value As our ultimate “customer”, they sharpen our focus on sustainability and help shape our renewables expansion.
How We Engage ■ Through an active and engaged Investor Relations team ■ Regular investor and analyst briefings ■ Dedicated corporate website ■ Regular social media updates ■ Timely press releases ■ Responsive email correspondences.
Our Objective To be a long-term partner in sustainability.
Their Value The heart of the energy transition, providing opportunities to expand the renewables industry.
How We Engage ■ Regular client meetings ■ Organized interactive webinars ■ Regular email updates ■ Engaging retail electricity website ■ Active group messaging apps.
Our Objective To be a catalyst for growth.
Their Value Springboard to success by providing operational leverage.
How We Engage ■ Regular one-on-one interactions ■ Timely compliance and monitoring checks ■ Regular vendor briefings and accreditation updates.
Investors and Shareholders Business Partners Customers.
Our Objective To be a steadfast partner in policy formulation and adherence.
Their Value Provider of regulatory framework to enable business and ensure business continuity.
How We Engage ■ Engaged routine and timely filings of required reports ■ Regular consultation sessions ■ Collaborative interactions ■ Participative regulatory audits ■ Active participation in organized online dialogue on regulations, policty and market outlook.
Our Objective To maintain a safe and rewarding work environment.
Their Value The bloodline of the business and the key to its success.
How We Engage ■ Active communication channels ■ Monthly e-newsletters ■ Collaborative employee engagement committee ■ Organized townhalls ■ Timely engagement surveys ■ Regular provision of wellness consultation services ■ Timely boot camps on operational health and safety.
Our Objective To enable socio-economic progress.
Their Value Partners in making projects real, successful and sustainable.
How We Engage ■ Regular dialogues with local communi ty leaders ■ Regular capacity enhancement trainings ■ Timely community needs assessments ■ Active community welfare and other support programs.
Government and Regulators Community Employees.
STAKEHOLDER ENGAGEMENT.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT Enabling Sustainable Recovery 44 43.
MESSAGE INTRODUCTION GOVERNANCE ANNEXES 2020 HIGHLIGHTS CREATING VALUE
GOVERNANCE AND LEADERSHIP TEAM 47.
Corporate Governance 65 73.
Our Board of Directors Our Management Team.
Governance and Leadership Team.
Enabling Sustainable Recovery 46.
MESSAGE INTRODUCTION GOVERNANCE ANNEXES CREATING VALUE.
AC ENERGY CORPORATION 2020 INTEGRATED REPORT 45 2020 HIGHLIGHTS