Metro Pacific Investments Corporation (MPIC) recently threw its support behind two alliances, geared towards strengthening global standards of monitoring the sustainability initiatives of corporations.
MPIC confirmed participation in both the United Nations Global Compact (UNGC), the largest corporate sustainability initiative aimed to align strategies and operations with universal principles on good governance and ethical business practices; and the Sustainable Accounting Board Alliance (SASB), a program for organizations and individuals that support the need for more cost-effective sustainability disclosure.
MPIC president and chief executive officer Jose Ma. K. Lim, affirmed its responsibility to the UNGC’s ten principles to meet fundamental responsibilities in the four areas: human rights, labor, environment, and anti-corruption; and to take strategic actions to advance broader societal goals.
“Metro Pacific’s businesses aim to create shared value between us and our stakeholders, with ESG involvement chiefly becoming a priority,” explained MPIC Chairman Manuel V. Pangilinan.
“Our commitment to SASB attributes more credibility to the corporation in the interest of new and existing investors.”
Shown in photo is the MPIC sustainability team headed by CFO Chaye Cabal-Revilla with the SASB membership and engagement team.