2010 Annual Report - Aboitiz Equity Ventures

sustainability statementHelping create a better planetIn AboitizPower, we believe in striking a balance among sustainable profits, a healthyecosystem, empowered employees and involved communities. Your company is committedto create a socially responsible and environment-friendly business that we can pass on to thenext generation.Our five sustainability pillars—Rejuvenate Nature, Reduce, Re-use/Recycle, RenewableEnergy and Recharge Communities—guide our sustainability efforts. We hope to achieve the3P balance of profit, people and planet through these elements.Our first pillar is Rejuvenate Nature, where we engage in programs that will enable better carefor our natural landscape and promote biodiversity enhancement.1. Earth Hour 2010 celebration in Cebu2. Pinning a pledge for the mother Earth onthe cleanergy commitment tree1AboitizPower is at the forefront of propagating the Aboitiz Group’s inventory of 1.15 milliontrees that thrive in different locations nationwide. Our business units (BUs) in generation anddistribution have adopted hectares of land to plant the trees on. Hedcor has committed tomanage 1,000 hectares in the Sibulan Watershed and the Visayan Electric Company (VECO)has partnered with a non-government organization to reforest about 500 hectares in theupland area. Watershed management is a commitment of your company and we recognizethat the integrity of the natural resources we utilize in power generation and distributiondepends on how well we maintain these resources.Of the 20 companies that joined in the 2010 Aboitiz Group simultaneoustree planting activity, nine were from AboitizPower. The simultaneousevent enabled the planting of 35,000 indigenous and fruit-bearing trees.For Reduce, your company looks for ways to better conserve resourcesor minimize waste. We actively participate in the Aboitiz Group’s Race ToReduce program, a campaign that aims to increase awareness on betterresource consumption in energy, water and paper. Of the 17 companiesthat enrolled in the program, nine are from AboitizPower. Group-wideresults of the program were encouraging. By December 2010, the threecategories registered decreases compared to previous months.2In 2010, we continued to uphold our commitment to participate in EarthHour. We joined the global community in shutting off lights for an hourin our offices and homes.Our BUs also practice resource conservation efforts ranging fromcarpooling to turning lights off when not in use and during lunchtime.Davao Light imposed an interdepartmental program to reduceelectricity consumption by making sure that temperature levels of airconditioning units do not go below 22 o C. Mactan EnerZone, BalambanEnerZone, and Hedcor practice carpooling to save on fuel and emissions.For the Re-use/Re-cycle pillar, we are aggressively promoting the use ofCleanergy, AboitizPower’s core brand of clean and renewable energy,which is harnessed from hydroelectric and geothermal sources.In 2010, AboitizPower generated 4.4 billion kWh of energy from ourgeothermal and hydroelectric power plants. This accounted for 45% of48Aboitiz Power Corporation