TeaM Energy Corp. received the highest possible rating after an external validation audit conducted by the Integrity Initiative on the internal and external business processes of the power firm in dealing with employees and external stakeholders, including government regulators and host communities.
“With the Advanced rating given by the Integrity Initiative, we are only one of 14 private firms in the Philippines to receive such a distinction from among over 2,600 signatories to the integrity pledge,” said TeaM chairman and chief executive John Alcordo.
The II is a private sector organization formed by the Makati Business Club and European Chamber of Commerce in the Philippines that began in 2010. It reviews and validates the ethical business practices of private and public entities with the intention of uplifting ethical standards among private companies and government institutions.
TEC scored a total of 270 points in the audit, well within the 223 to 296 points required in order to be recognized at the advanced level by the II.