Making a better world through #PositiveEnergy

Nowadays, most successful companies strive not just to make a profit but to use the power of their businesses to help solve cultural, social, and environmental problems. Climate change is one such issue that businesses try to address, as it can have a huge impact on both people and the economy. From adopting more sustainable business practices to monetary contributions, these companies worked hard to spread some positive energy even during challenging times.

Building a sustainable business

Corporate social responsibility is important today because it can positively affect the way companies operate. With it, businesses are guided to different initiatives like environmentally friendly practices, product or financial donations, or community service. With sustainable business practices like these, companies can build a good reputation, attract more consumers and investors, strengthen their connections, and protect their bottom line of people, planet, and profit.

 

Wildlife continues to thrive within Therma South Inc.’s baseload power plant in Davao, as several species

of flora and fauna have been spotted living comfortably inside the compound.

 

A worthwhile investment

Being socially responsible as a company is a great investment, not only for the business but also for the people it serves. The way consumers see businesses have changed over the years. They now expect companies to act on making the world a better place. They tend to favor those who seem to share their own values and beliefs. Employees also want to see their company engage in more humanitarian projects. Climate action and philanthropic efforts by corporations can have a powerful effect not only on the planet but also on the businesses’ reputation and employees’ morale.

 

In 2020, AboitizPower run-of-river hydropower arm Hedcor celebrated the second anniversary of its zero single-use plastic campaign, encouraging environmental awareness and collective sustainability practices.

 

Making a difference with #PositiveEnergy

 

Beyond seeking the approval of its stakeholders, AboitizPower aspires to create meaningful partnerships with its communities to make sure they grow as the business grows.

 

For energy giant AboitizPower, the country’s leading source of clean and sustainable energy, the commitment to its corporate social responsibilities has led to more promising greener initiatives. AboitizPower is a pioneer of renewable energy in the Philippines, having established its Cleanergy portfolio as early as the 1970s. Within the next 10 years, AboitizPower is set to further expand its Cleanergy portfolio to achieve an almost 50:50 thermal and Cleanergy capacity mix. Cleanergy is AboitizPower’s brand of sustainable energy sources like hydro, geothermal, and solar. This energy transition will significantly contribute to the country’s and even to the global renewable energy and sustainability goals, while ensuring the stability and affordability of energy supply.

Positive energy can also assist in times of crisis. In 2020, AboitizPower, together with the Department of Energy (DOE), has turned over more than PHP 670 million to its host communities to help fund their COVID-relief efforts. This was done through the Energy Regulations 1-94 (ER 1-94) Program, a policy from the DOE that gives host communities a share of the profits from the power plants in its area. The generated fund has been used to provide food packs and prime commodities to affected families, deliver medical supplies and equipment to hospitals and frontliners, and even organize livelihood projects for no-income families, among others.

Doing good can help people connect and relate to the business more, strengthening and building brand loyalty. Moreover, bringing in #PositiveEnergy in times of need can make the world a better place for everyone.

Find out more about AboitizPower by visiting their official website here.