News

In a meeting with President Ferdinand Marcos Jr., the Private Sector Advisory Council (PSAC) Healthcare Sector placed a strong emphasis on building capability and capacity within the healthcare system of the Philippines. This meeting highlighted the council’s commitment to collaborating with the government to enhance the country’s healthcare infrastructure and workforce.

To expand financial inclusion and support human capital development in the Philippines, the International Finance Corporation (IFC) is investing $100 million in a social bond issued by City Savings Bank, Inc. (CitySavings), the first thrift bank to issue a social bond in the country. The social bond follows ICMA’s Social Bond Principles and the ASEAN Social Bond Standard.

Aboitiz Equity Ventures (AEV) and Union Bank of the Philippines (UBP) have been recognized by Fortune, a global multi-platform media company, as two of the best performing companies, a testament to the Group’s transformation initiatives to become the country’s first techglomerate. On June 18, Fortune announced its newest category of business ranking, Southeast Asia 500, citing AEV among the top businesses in the region. Firms included in the list join an elite group of companies recognized under the Fortune 500 franchise.

Aboitiz Construction, in partnership with the Bureau of Jail Management and Penology (BJMP) Region 10, Technical Education and Skills Development Authority (TESDA) Bukidnon, and MACES Skills Training Institute, Inc. has embarked on an initiative aimed at providing opportunities for Persons Deprived of Liberty (PDLs). A partnership signing ceremony was held in Malaybalay City District Jail Reformatory System last May 29.

Aboitiz Construction, in collaboration with Aboitiz Foundation turns over a Material Recovery Facility (MRF) for the local government of Barangay Bagong Pook in Malvar, Batangas. This initiative reflects the commitment of the Aboitiz Group to fostering environmental responsibility and promoting sustainable development. In photos, from L to R: Aboitiz Construction Team: Alex Rubis, Project Manager and Kervy Datay, Project Director for Construction; Hon. Lilibeth Lat, Brgy. Captain of Bagong Pook; Aboitiz Foundation, Inc. Team: Ginggay Hontiveros, Aboitiz Group Chief Reputation Officer and Sustainability Officer and Aboitiz Foundation Presidentand Impact Lead for Climate Action Welfredo Dalumpines.

Participants gained practical knowledge in understanding the concepts and impacts of transition finance, its contributions to national policy development, and what would be the actionable strategies to overcome the barriers and how each industry can drive sustainable finance at scale. GT Capital and the Aboitiz Group remain committed to fostering collaboration and innovation in sustainability efforts, with outcomes from this event contributing significantly to creating a resilient, inclusive, and sustainable low-carbon economy.