Aboitiz bags Golden Arrow Award 3 Years in a Row

2024 marks the milestone three-peat of Aboitiz Power Corporation for the Golden Arrow Award, recognizing its commitment to surpassing corporate government standards and status among international best practices.

The company now boasts of 3 arrows following its impressive score of 107.11 out of 140 total points in the 2023 ASEAN Corporate Governance Scorecard assessment for publicly-listed companies. 

The Aboitiz group has long valued environmental, social, and corporate governance (ESG) ever since its foundation, and is now finally reaping the rewards of their decades of relentless commitment and ambition towards environmental stewardship, corporate social responsibility, good governance and citizenship, serving as the exemplar for all corporations to follow.

The reward was given to Suiee Suarez, VP for Corporate Affairs, who accepted the award along with Aboitiz Equity Ventures (AEV) VP – Governance & Compliance Mailene De La Torre,  AEV Chief Legal & Compliance Officer Connie Chu, and UnionBank of the Philippines Lead Independent Director Roberto Manabat.

About AboitizPower 

Aboitiz Power Corporation (AboitizPower) is Aboitiz Group’s holding company for their investments in power generation, distribution, and retail electricity.

The company aims to empower Filipinos and provide a brighter future for the world, achieved by their social contributions.

Among the largest power producers in the country, AboitizPower maintains a comprehensive portfolio of nationwide assets, and is a major contributor of renewable energy. The company has erected various solar, geothermal, and hydroelectric power generation plants. It has also expanded its generation portfolio to thermal power plants to meet the country’s ever-rising peak energy and baseload demands.

Its diverse distribution utilities power the economies of Luzon, Visayas, and Mindanao, with stakes in the second and third-largest private utilities nationwide.

AboitizPower is determined to reach the government’s goal od a 35% share of renewable energy in the power generation mix by 2030. In lieu of this, Aboitiz relentlessly invests in renewable energy assets with a target of 4,600 MW. It has already achieved nearly 1,000 MW of disclosed projects from indigenous energy sources, with an ample 6 years remaining to expand its solar, hydroelectric and geothermal portfolio, together with energy storage systems for a constant and reliable power supply. Aboitiz and its partners is the leading provider of renewable energy in the Philippines based on its portfolio of installed capacity under its operational control.