What Is Corporate Social Responsibility?

Corporate social responsibility is part of good corporate governance. It is the accountability and commitment of a company to contribute to the well-being of stakeholders, communities, and society as a whole through various ethical, social, and environmental measures.

Some of the methods that a company can embrace corporate social responsibility in the Philippines include engaging in philanthropic community activities, maximizing profits to positively impact society, promoting environmentally friendly operations, and ensuring ethically-oriented business decisions.

Importance of Having Corporate Social Responsibility In The Philippines

The Philippine government is implementing policies toward a sustainable future, while businesses are continuously developing their corporate social responsibility plans.

Corporate social responsibility in the Philippines plays a critical role in reducing poverty rates and improving employment generation. It also addresses complex issues essential to sustainable development, such as climate change, poor educational system, and inequality. From a business perspective, launching initiatives for corporate social responsibility goes beyond improved profit margins, brand perception, and investment opportunities. Corporate social responsibility in the Philippines create a chance for companies to connect with customers and contribute to the well-being of society.

The Aboitiz Group’s Corporate Social Responsibility in the Philippines

At Aboitiz, our purpose is to drive change for a better world by advancing business and communities. We are committed to delivering value to stakeholders while creating safe, empowered, and sustainable communities.

In 1988, the Aboitiz Foundation (then referred to as Aboitiz Group Foundation, Inc.) was established as the Group’s corporate foundation to address the social and economic development needs of marginalized members of society. Our CSR initiatives have since evolved from simple philanthropic activities to projects that are more sustainable for our beneficiaries while at the same time aligned to the Group’s businesses.

Today, through the Foundation, we focus our efforts on education, enterprise development, and environment (including disaster response). Our CSR strategies go beyond doing good to building good communities together.

The Aboitiz Foundation continues to invest heavily on quality education-related projects including the Purposive College Scholarship, and technical-vocational scholarships. For decades, we have been working closely with the Department of Education, schools, and training institutions. We support the youth in becoming productive workforce members.

Some of our other projects include Classroom Rewiring, Mahalin Pagkain Natin, and the Community-Based Disaster Risk Reduction and Management Training. We continuously spearhead post-disaster relief programs, including for COVID-19 response, Taal Volcano eruption, and Typhoons Odette, Rolly and Ulysses. Our online crowdfunding platform, KINDer by Aboitiz, enables individuals to participate in various social campaigns, promote CSR projects, and share opportunities to help create a kinder world.

People: To Partner With Stakeholders To Create Shared Value

As part of our corporate social responsibility initiatives in the Philippines, the Aboitiz Group continuously responds to the evolving needs of different groups of people.

We continuously nurture our human capital. So for our team members, we provide employment and ensure each grows career-wise both within and outside the Aboitiz organization. Today, we are grateful to have more than 37,000 team members.

In addition, we enter into partnerships to create more disaster-resilient and sustainable communities. We heavily invest in quality education-related programs in the Philippines. Since the creation of the Aboitiz Foundation back in 1988, we have been working closely with the Department of Education, schools, and training institutions. At Aboitiz, we support the Philippine youth in becoming productive workforce members.

Some of our CSR projects include the Mahalin Pagkaing Atin, Classroom Rewiring, and Purposive College Scholarship.

Resilience has to do with having the ability to prepare and bounce back from disasters. We launched community-based disaster risk management and reduction training to build disaster-resilient communities. On top of that, we continuously spearhead post-disaster relief programs, including the COVID-19 response, Taal Volcano eruption, Masbate earthquake, and the Typhoon Rolly and Ulysses.

Lastly, we provide a sustainable customer experience and deliver on our promises as a company.

Planet: To Minimize Environmental Impact

At Aboitiz, we answer the call to minimize environmental impact. Climate change is a growing concern that must be prioritized to protect the welfare of livelihoods, society, and future generations.

A significant part of our corporate social responsibility in the Philippines is taking accountability for the environmental impact of our business operations. Wherever we work, we aim to reduce carbon emissions across our facilities, manage our natural capital efficiently, reuse and recycle waste, and tap renewable energy sources. We also conduct tree-planting drives nationwide.

Profit: To Achieve Financial Growth Through Ethical Business Practices

Proactive leadership and business innovation are at the helm of the Aboitiz Group’s corporate governance framework. We aim to transform the Philippine business landscape positively. So, while strengthening our core competencies, we always adhere to ethical practices in the workforce and promote the interest of our stakeholders.

Partner With The Aboitiz Group For Better Corporate Social Responsibility In The Philippines!

For over a century, the Aboitiz Group has committed to driving change for a better world. Every action and decision we make is anchored on advancing the communities and society we serve.

Be part of something truly bigger. Partner with the Aboitiz Group on our corporate social responsibility initiatives. Together, we can do so much to help improve lives and address our nation’s social problems. Send us a message today to learn more!