On January 17, the Philippines achieved a significant milestone with the Carbon PH meeting, where major industry players joined forces to support the nation’s transition to a lower carbon economy. This collaborative effort involved investments in nature-based solutions, capacity building, and active participation in policy development.
Participating companies included Aboitiz Equity Ventures, UnionDigital Bank, Aboitiz Data Innovation, GT Capital Holdings, Foundation for Economic Freedom, Ramon Aboitiz Foundation, SM Investments Corporation, Jollibee Group Foundation, Sibol, SGV, Filinvest Development Utilities, Chroma Hospitality, Lucio Tan Group, JG Summit Holdings, Cebu Pacific, Research Triangle Institute International, and Coca-Cola Foundation.
At its core, this partnership is grounded in a shared commitment to sustainable development, addressing climate change through practical solutions and policy advocacy. The Carbon PH initiative recognizes the crucial role of the private sector, acknowledging their contributions of resources, expertise, and innovation to implement nature-based solutions.
Ginggay Hontiveros-Malvar, Chief Reputation and Sustainability Officer of Aboitiz Group and a key project contributor, stressed the importance of private sector involvement: “The private sector plays a crucial role in implementing nature-based solutions. These companies bring forth the necessary resources, expertise, and innovation needed to drive and contribute to sustainable development.”
Top companies lead the charge for collaboration and a greener economy in the Philippines and beyond.
Private sector collaboration strategically enhances the scale and effectiveness of nature-based solutions. Drawing on their vast experience in sustainability initiatives, these companies are poised to shape a supportive environment with policy recommendations for nature-based solutions.
Carbon PH marks a historic stride for the Philippines, signaling a shift towards a sustainable and environmentally conscious future. The partnership of these leading companies establishes a powerful precedent for corporate responsibility, collaboration, and the pursuit of a greener economy, extending beyond the Philippines.
