SM Retail

The country’s leading retailer with a nationwide portfolio of department stores, supermarkets, and specialty stores.

Promoting Sustainable Lifestyles

THE SM STORE strives to balance providing customers with access to global brands and ensuring a platform for local products to gain wider reach.

We help local manufacturers be competitive by:

conducting market research and providing advice to suppliers on trending designs, fabrics and materials, including eco-friendly options, that they can use in their products

facilitating access to business solutions to help them grow

automatically engaging key suppliers of house brands as SM expands

training suppliers’ sales assistants to effectively promote their products

SM Bags and Shoes

14local manufacturers engaged

347%increase in number of employees hired by local manufacturers

184%increase in production volume

Customer Service Rewards Program

We provide excellent shopping experiences to our customers with each employee living out our service mantra.

We imbibe the SM culture of service into every team member and motivate them through our annual Customer Service Rewards Program. This program is the platform we use to create long-term career paths and leadership development for THE SM STORE.

“We are your PERSONAL EXPERT,
FRIEND AND CHEERLEADER.”

139CSRP awardees who have risen to senior management roles since program inception

31promoted to Senior Manager

72promoted to Manager

36Promoted to Supervisor

Unique Filipino Lifestyle

As a store for all things uniquely Filipino, we bring together specialties from the different regions of the Philippines. The heart and mission of Kultura is to instill more pride in our identity, embracing our traditions and keeping them relevant to everyday living. We also champion and support communities, local talent, artistry and craftsmanship.

Heritage and Living Traditions

We promote products that are made through individual tradition weaving techniques using indigenous materials in modern, functional designs for daily use.

T'nalakThe tradition of T’nalak designs, considered a sacred fabric woven by the T’boli people in the communities around Lake Sebu, Mindanao, have been passed down through generations, coming to the best weavers in dreams brought to them by their ancestors. T’nalak is used for clothing, wedding dowries, and gifts for special occasions.

Piña Silk WeavingProduced primarily in the Aklan region, the scraping and weaving process for piña is laborious and intensive with each step done mostly by hand.

YakanKnown for their remarkable technicolor geometric weaves, the Yakan people in Mindanao embody a non-materialistic culture and live in close-knit communities. Through the years, their traditional textile designs have been enhanced with vivid colored cottons.

Through strong partnerships with NGOs and supporters, Gifts and Graces helps communities and individuals reach their full potential and break free from poverty.

Crafts for a Cause

We support social enterprises by promoting products that have direct benefits to communities and the environment.

GTGB TradingEnables the women artisans of Tondo to gain sustainable livelihood and showcase their handmade upcycled bags in the process.

GKonomicsAdopts a community development model that seeks to alleviate the effects of poverty and restore dignity to the poor.

Local Ingredients

We help provide sustainable livelihood by promoting products that use local ingredients.

MangoFair trade practices toward mango farmers underscore the dried mango products we promote. This encourages greater mango production and allows world-wide distribution.

Pili OilDirectly sourced from Bicol farmers, these products are made using earth-friendly materials with no harmful chemicals used to grow trees or induce harvests. This provides farmers a sustainable livelihood and improved quality of life.

CacaoWe purchase chocolates sourced from cacao plantations in Davao. This provides livelihood to the poorest communities and supports the education of farmers’ children.

Local Talent

We support local artistry and craftsmanship.

IbarraEstablished with the inspiration and passion for the art of watchmakingDesigned in Manila with world-class materials, each timepiece showcases the skill and ingenuity of Filipinos.

Casa MercedesThe oldest bespoke fan maker in the PhilippinesA handmade tradition beginning 1951 and has been the choice of Manila’s fan-using public since, Casa Mercedes fans have been a favorite of Manila society, from designers to First Ladies and had the honor of providing Queen Sofia of Spain a bespoke fan as a gift from the Philippine government.

Happy to Serve

Behind the carefully organized aisles, stock-filled shelves and numerous checkout counters of every SM Markets store are stories of long-term relationships sharing the same passion for excellence and service.

A Relationship Built on Trust

“When people ask me why I stayed with SM, it is because SM treated me like a member of the family. I was only 43 when I was promoted to President and I am not even Chinese.”

Among the many employees who blossomed at SM is no less than the president of Savemore Market. From his humble beginnings as a student from a small public school in Lucena, Jojo has risen from the ranks and built a career in SM Markets. Under the tutelage of Mr. Herbert Sy, whom he recognizes as his greatest mentor, Jojo mastered the ins and outs of food retailing, perfectly preparing him to become the leader of SM Markets’ fastest growing retail brand.

Jojo R. TagboPresident, Savemore

The Commitment to Work

“The best thing about SM is that we are treated like family.”

“It is not my decision to hire you. It is up to you to decide whether you want to work with us or not.” Those were the closing words during Liza’s interview. Already, she knew that she was going to be part of something special. Her career began as a cashier at SM Supermarket North EDSA. Today, Liza manages numerous stores including Super Sale Club, SM Marketplace Podium, SM Supermarket Makati, Savemore Market Broadway and more.

Liza San JuanOperations Manager, SM Supermarket

Learning Never Ends

Jonathan built his career anchored on his willingness and capacity to learn. From doing everything manually, he saw the evolution in stock management and service when technology evolved. But more important is the learning he received from interacting with people as he was assigned to different branches all over the country.

Jonathan NievoOperations Manager, SM Supermarket

AutiSM @ WorkA Special Place to Work

In partnership with Autism Society Philippines, SM Markets is a place where adults in the autism spectrum can work and be productive. From its pilot program at Savemore Market Light Residences in 2016, AutiSM@Work has expanded to 17 SM Markets branches with 63 exceptional individuals in the program.

KalvinKnown to always accomplish his tasks with a positive attitude, Kalvin is a busy guy balancing SM Markets, his studies and his hobbies.

BrainardWhen Brainard is off duty from Savemore, he plays ball or bakes pastries.

KerstianKerstian is well-versed in assisting customers with his extraordinary patience.

SM Prime Holdings, Inc.

One of the largest integrated property developers in Southeast Asia that develops innovative and sustainable lifestyle cities, comprising malls, residences, offices, hotels, and convention centers

Read SM Prime’s Sustainability Report 2018

Sustainability Approach

SM Prime’s sustainability approach is at the core of the company’s business strategy. The company ensures that it works within the four sustainability pillars to achieve operational goals and address the needs of its stakeholders.

PeopleSM Prime recognizes the valuable contributions of employees to the Company’s success. Hence, the Company puts great importance to their professional growth and well-being. The Company invests through developmental programs to improve the employee’s knowledge and skills. SM Prime institutionalized programs on health and wellness. Employee volunteerism is highly encouraged as it helps develop and strengthen relationships internally and with the communities served by the Company and its people.

CommunitySM Prime’s property development brings about a significant ripple effect on the communities where it has situated its businesses. Cognizant of this opportunity to serve millions of customers daily, the Company ensures that its facilities foster inclusivity and accommodate the needs of its various stakeholders. The Company creates a strong relationship not only with its local communities but also with the LGUs, NGOs, International Organizations and other interest groups. The communities are then transformed and grow with SM Prime.

EconomicSM Prime acknowledges that it plays a significant role as a catalyst of economic growth in the Philippine economy. The Company’s mission includes the enhancement of shareholder value of its investors. Integral in maximizing the shareholders’ return of investment is SM Prime’s strict adherence to good corporate governance. Further, SM Prime’s businesses create a multiplier effect in the communities where it operates, thereby resulting to increased economic activity and improvement in the lives of its customers and stakeholders.

EnvironmentSM Prime, as a key player in the Philippine property development industry, is aware that it needs to build and manage lifestyle cities sustainably. Thus, various innovations and technological advancements for the protection of natural capital have been adapted by the Company. It has also entered into partnerships with local and international environmental and disaster risk resilient organizations as a sign of its serious commitment to being environmentally responsible and resilient across all aspects of its operations.

In Support of the Sustainable Development Goals

13,385third-party service providers, e.g., janitors, security guards, were hired from the localities where SM Prime’s businesses are located

1,410beneficiaries of four Feeding Programs spearheaded by the Customer Relations Services Division in 18 malls nationwide

6,000estimated breastfeeding mothers, together with their children and family members, participated at the Hakab Na! Breastfeeding month celebration

1,000women joined in the Pink Ribbon Day and Power in Pink advocacy events for Breast Cancer

500seafarers present during the Seafarer’s Mental Health Awareness celebration

70+retainer doctors

70+company-owned clinics

11,000+employees with health insurance

0incident of employee intoxication and substance abuse

NOsmoking policy implemented in all business units

Free Annual Physical Exam for all employees

Random Drug Testing conducted yearly

92public school buildings and

296classrooms with complete facilities and fixtures donated by SM Prime

482employees and tenants underwent Company sponsored training for Pollution Control Officer (PCO)

2,748beneficiaries of educational campaigns on environmental protection and waste management by Hamilo Coast in partnership with World Wide Fund for Nature (WWF) Philippines

2companies have female Presidents

55%women in managerial and executive positions

Policies on gender equality are in place and reported cases of discrimination/harassment, if any, are acted upon

PHP 3.5Mdonated to UNICEF Healthier Kids in School: Scaling Up WASH in Public Elementary Schools in the Philippines

77,000elementary school children beneficiaries of UNICEF Healthier Kids in School Program

35%waste water treated equivalent to

2,044Olympic-sized pool

4.2Mmall goers have access to hand-washing facilities in SM Prime establishments

9.245Total MW capacity of solar energy generated from solar panels installed in malls in Philippines and China

1,704Senior Citizens involved in the Community Service Program for Senior Citizens

5,572Small and Medium Enterprises (SMEs) are doing business in the malls

236interns hired

284employees underwent OSHS/BOSH Training

4.2Mdaily mall goers provided with free Wi-Fi access

2 Malls: SM Aura Premier and S Maison LEED® Gold Certified Buildings

60%female: 40% male employees

100%rank and file employees receiving minimum or above minimum wage

2,643elderly recipients of Serve More Love for the Elderly Program

24,021participated in Angels Walk for Autism

5,000participated in Happy Walk for Down Syndrome

1,000housing donated to Yolanda (Typhoon Haiyan) victims

600PWD participated in Emergency Preparedness Forum

8malls have disaster-resilient features such as water catchment, built on stilts

All SM Prime establishments with specially designed ramps and comfort rooms for PWDs and Senior Citizens

166,549seven-year old trees saved while

9,500employees, community residents participated in Trash to Cash Program

20,421students participated in the Green Film Festival quarterly film showing

19 out of 21SMDC Residences are completely fitted with LED lighting in all common areas

234tenants oriented on SM Business Continuity Planning (SM BCP)

50Managers attended the Incident Command System (ICS) for disaster preparedness and response

8Local Government Units partnered with National Resilience Council (NRC) for Resilience Leadership Program

7,000participants collected

572,254.14 kgsof waste during Coastal Clean-Up in SM By the Bay

100participants collected

298 kgsof trash during Hamilo Coast coastal and underwater clean up

3Marine Protected Areas (MPAs) in Hamilo Coast regularly patrolled to prevent illegal fishing

139,924various tree species planted by SM Supermalls employees in Cordillera Administrative Region (CAR), Central Luzon, and CALABARZON Regions

400trees planted by SMDC employees at La Mesa Dam Ecopark

100participants planted 200 propagules in the Pico de Loro mangrove area

0reported cases of bribery and discrimination

Philippine secretariat of the UNISDR ARISE

64ARISE Philippine members

SM Prime partners with various organizations:

  • United Nations Children’s Fund (UNICEF)
  • World Wide Fund for Nature (WWF) Philippines
  • National Resilience Council (NRC)
  • UN Global Compact (UNGC)

Disaster Risk Reduction Makes Good Business Sense

Investing in disaster risk reduction and resilience has become an indispensible component of our strategic objectives. It is an investment that not only translates to immeasurable business returns but also safeguards the lives and interests of our stakeholders. In SM, we have a three-pronged approach to disaster resilience.

We integrate disaster risk reduction into our infrastructure design.

“By investing in resilience, we minimize vulnerability, better safeguard our physical assets, reduce recovery expense and contribute to local government efforts.” - Hans Sy

SM City Marikina

Built on246Stilts

SM Mall of Asia

Built 4.5 meters above the meanlower water level

SM Center Muntinlupa

built on a suspended two-way slab system placed further outside the recommended distance from the fissure line in the event of seismic activity

We help develop the resilience of our stakeholders during times of calamities.

“It is in this spirit that I have taken an active role in UNISDR’s ARISE, a Private Sector Alliance that promotes collaboration towards disaster risk reduction.” - Hans Sy

We launched disaster preparedness programs like the Green Retail Agenda as capacity building programs for our tenants and suppliers.

We also encourage recycling among our customers through programs like Trash to Cash.

During calamities, we open our malls and parking areas to serve as safe haven to those affected

built1,000disaster-resilient homes that can withstand winds up to 250 km/h for the families affected by Typhoon Haiyan

Investing in disaster risk reduction and resilience has become an indispensable component of our strategic objectives. It is an investment that not only translates to immeasurable business returns but also safeguards the lives and interests of our stakeholders. In SM, we have a three-pronged approach to disaster resilience:

We integrate disaster risk reduction into our infrastructure design.

“By investing in resilience, we minimize vulnerability, better safeguard our physical assets, reduce recovery expense and contribute to local government efforts.” - Hans Sy

SM City Marikina

Built on246stilts, situated 20 meters farther than the standard regulations for buildings or 90 meters away from the Marikina River centerline

SM Mall of Asia

Built 4.5 meters above the mean lower water level

SM Center Muntinlupa

built on a suspended two-way slab system placed further outside the recommended distance from the fissure line in the event of seismic activity

We help develop the resilience of our stakeholders during times of calamities.

“It is in this spirit that I have taken an active role in UNISDR’s ARISE, a Private Sector Alliance that promotes collaboration towards disaster risk reduction.” - Hans Sy

We launched disaster preparedness programs like the Green Retail Agenda as capacity building programs for our tenants and suppliers.

We also encourage recycling among our customers through programs like Trash to Cash.

During calamities, we open our malls and parking areas to serve as safe haven to those affected.

We help address extreme poverty. The poorest communities remain the most vulnerable groups during times of natural disasters. We recognize that giving them access to basic social services and safety nets helps them have a more resilient foundation.

Built1,000disaster-resilient homes that can withstand winds up to 250 km/h for the families affected by Typhoon Haiyan

Promoting Sustainable Tourism

The Sustainable Diner Pico Sands Hotel

We strive to promote sustainable dining options for our guests as they enjoy sumptuous local and international cuisine. In partnership with World Wide Fund for Nature (WWF) Philippines, Pico Sands Hotel launched THE SUSTAINABLE DINER program with the objective of reducing food waste and promoting sustainable consumption and production during buffet meals.

Reduce Food Waste

We trained the kitchen crew and service staff to monitor, measure and segregate waste generated by the restaurant during food preparation, cooking and serving phases as part of overall responsible restaurant operations.

48employees trained

6training hours per employee

Promote Sustainable Choices

We do the following to ensure the success of our program:

Customer requirement

Strict implementation of minimum diners for buffet

Proper labeling for responsible consumption

Travel With Purpose Conrad Manila

We are committed to creating positive impact through Travel with Purpose, Hilton’s corporate responsibility strategy to redefine and advance sustainable travel and tourism.

Social Impact

We focus on promoting inclusive growth, human rights, local investment and disaster relief.

Good Food GrocerWe help educate and demonstrate healthy cooking to local communities.

Soap 4 HopeWe have donated more than 60 kilograms of used soap for recycling to provide livelihood to the women of Barangay Ususan, Taguig.

Rise Against Hunger Meal Packing Volunteers packed 150 meal boxes, equivalent to 5,400 meal packs and 64,800 food servings, to feed the identified communities of Rise Against Hunger.

Environment Impact

We preserve our planet for future generations by reducing our environmental footprint through energy and carbon management, water stewardship, waste reduction and responsible sourcing.

Earth HourConrad Manila’s guests and team members celebrated Earth Hour with a symbolic formation of an expansive candlelit “60”, staying true to the annual switching off of lights.

The
Good Life

SM Development Corporation (SMDC)

SM Development Corporation (SMDC) meets the aspirations of the modern Filipino professionals and young families of upscale yet affordable living at the heart of an integrated lifestyle city. By reinventing the use of space, allocating more to resort-like common areas while optimizing the residential units, we redefined the condominium living in the Philippines.

In all our properties, we encourage a strong sense of community by having generous pool areas, gyms, social halls, basketball courts, and even karaoke centers. We promote social inclusion through our intergenerational social activities, PWD-friendly access, and child-friendly designs. We also promote eco-friendly living, encouraging our residents to take more steps with the convenience of the mall just within walking distance.

By understanding the evolving needs of the Filipino, we have created a delicate mix of luxurious yet practical urban living solutions in the country.

Green Residences
Student Lounge

Jazz Residences

Light Mall
at Light Residences

Mezza II Residences
Sky Lounge

Sea Residences

Shell Residences

Shine Residences

Wind Residences

Banking on Sustainability

Read BDO’s Sustainability Report 2018

BDO Unibank, Inc.

The largest bank in the Philippines in terms of market capitalization, consolidated resources, assets under management and capital

Sustainability Framework

The Bank’s Sustainability Framework defines the strategies that serve as guideposts in its journey towards sustainability.

Product
Sustainability
Strategy

Sustainability
Contribution
Strategy

Human Capital
Sustainability
Strategy

Disaster Response
Sustainability
Strategy

Governance-based
Sustainability
Strategy

In Support of the Sustainable Development Goals

Target 1.1:By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than US$1.25 a day

P22.7 billionin Government taxes in 2018

Target 2.1:By 2030, end hunger and ensure access by all people, in particular the poor and people in vulnerable situations, including infants, to safe, nutritious and sufficient food all year round

471,199 Relief packs distributed

Target 3.3:By 2030, end the epidemics of AIDS, tuberculosis, malaria and neglected tropical diseases and combat hepatitis, water-borne diseases and other communicable diseases

69Rural health units rehabilitated

Target 4.1:By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant effective learning outcomes

116Classrooms built

Target 5.5:Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

60%of Leadership roles is held by women in 2018

Target 6.4:By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity

P2.1 billionLoan disbursement for water treatment facilities

Target 7.2:By 2030, increase substantially the share of renewable energy in the global energy mix

569 MWRenewable Energy Projects funded by SEF

Target 8.5:By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities and equal pay for work of equal value

49%of employees are part of Collective Bargaining Agreement

Target 9.4:By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities

P36.9 billionTotal SEF Projects funded to date

Target 10.2:By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status

P9.43 millionFunding released for teachers in Mindanao

Target 11.3:By 2030, enhance inclusive and sustainable urbanization and capacity for participatory, integrated and sustainable human settlement planning and management in all countries

9Housing projects with

576shelter units built

Target 12.6:Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle

Publication of 2018 BDO Sustainability Report

Target 13.2:Integrate climate change measures into national policies, strategies and planning

US$150 million

Green Bond issuance with IFC as sole investor

Green Facility with JBIC

Target 14.2:By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans

P20.2 millionFunds raised for World Wide Fund for Nature (WWF) through ATM donations to date

Target 15.2:By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally

P147.8 millionSavings on paper costs through digital banking transactions

7,242Trees saved from being cut down through digital banking

Target 16.6:Develop effective, accountable and transparent institutions at all levels

ESG Platinum AwardThe Asset

Among the Top 20 publicly listed companies in the country with the highest corporate governance scores based on the ASEAN Corporate Governance Scorecard

Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries

GRI Sustainability Summit PhilippinesCo-Lead Presenter

PRINCIPLE 1

Product Sustainability Strategy

We create products and services that anticipate the evolving needs of our customers and support sustainable development goals.

We develop our capabilities to understand our customers and reach the underserved markets with relevant products and services that meet their unique needs and ways of doing business.

Reaching the Underserved Market

BDO CASH AGAD allows all BDO debit and cash cardholders to perform banking transactions through the use of Point of Sale (POS) terminals deployed with partner merchants.

Over25Mcardholders nationwide
to date

7,452partner merchants
nationwide to date

Over12.5Mtransactions
made to date

More thanPHP53.6bntotal cash withdrawn
to date

Empowering the Filipino Consumer

BDO modified banking products and services and forged tie-ups with car dealerships, home developers, and retail stores to give customers more flexible options at competitive rates.

19%5-year CAGR*
in auto financing

35,900first time car buyers who
availed of BDO services

18%5-year CAGR*
in home loan financing

17,700first time home owners
who availed of BDO services

2Mcredit cards

23,600retail partners in 0%
interest schemes

PRINCIPLE 2

Sustainability Contribution Strategy

We support the achievement of national economic goals through financial inclusion and impact financing in infrastructure, eco-friendly solutions, green facilities and disaster resilience initiatives.

Boosting Philippine Tourism
through Infrastructure Development

BDO facilitated the redevelopment and expansion of the Mactan-Cebu International Airport through a PHP12.4 billion Term Loan Facility. With the recent opening of Terminal 2, the airport’s capacity has more than tripled to 12.5 million passengers a year and is now connected to 32 domestic and 22 international destinations.

PHP12.4bn Term Loan Facility disbursed

Over10Madditional passengers served

Harnessing Renewable Sources of Energy

BDO partnered with the International Finance Corporation for its Sustainable Energy Finance program to help address environmental concerns. To reinforce its Social and Environmental Management Systems Policy in lending operations, BDO integrated its environmental risk management systems with responsible financing to accelerate low carbon energy projects through its Green Finance initiatives.

PHP36.9bntotal funding for SEF
projects funded to date

34SEF projects
funded to date

PHP8bnfunding for SEF projects
funded in 2018

7SEF projects funded
in 2018

PRINCIPLE 3

Human Capital Sustainability Strategy

We develop leaders in the sustainability movement. We aim to grow a “can lead” workforce that is able to adapt and thrive with a sustainability mind-set driven by a customer-focused attitude and out of the box thinking.

Cultivating the “Can Lead” Culture of Excellence and Innovation

The capacity of BDO to innovate and anticipate transformations in the banking industry starts from our people’s passion for excellence and innovation.

5,195recipients of the
Smart Frontliner
Award since 2014

1,001recipients of the
Product Excellence
Award since 2014

PRINCIPLE 4

Disaster Response Sustainability Strategy

We leverage our resources towards the relief, rehabilitation and recovery of disaster-stricken communities.

BDO Foundation

240relief operations
conducted to date

69rural health
units rehabilitated
to date

34school buildings
constructed to
date

150,000students and 3,000 teachers
engaged by our financial inclusion
program

PRINCIPLE 5

Governance-Based Sustainability Strategy

We continuously enhance our corporate governance framework to sustain superior business performance anchored on the principles of accountability, transparency, integrity and fairness, together with our partners.

Among the Top 20 publicly listed companies with the highest corporate governance scores based on the ASEAN Corporate Governance Scorecard

BDO’s Path in Creating Shared Value

Banking on Relationships Tested through Time

Read China Bank’s Sustainability Report 2018

China Banking Corporation

Incorporated in 1920 as the first privately owned local commercial bank in the Philippines

Sustainability Strategy and Roadmap

China Bank’s sustainability is underpinned by the enduring relationships of trust we have built with our stakeholders. We are driven to continuously create value by delivering on our role to our stakeholders and contributing to the achievement of the Sustainable Development Goals.

In Support of the Sustainable Development Goals

Tested through Time

“In a crisis, we know who are our real friends.”

The Ong Family of Pacific Paint (Boysen) Philippines had a relationship with China Bank since the 50s. In 1963, Vicente Ong Sue got a licensing agreement with Boysen. Today, Pacific Paint controls over 90% of the local premium paint market. Their initial challenge was to make the brand stand out, followed by the challenge of distribution as it required capital. Vicente’s son, Willy Ong narrates, “We would not be here today without the help of China Bank. I will always remember the support China Bank extended to us, especially during the big crisis in the 80s.”

– Willy Ong

Building the Future

“China Bank is not like other banks.”

Founded in 1950, DMCI is one of the biggest construction companies in the country today. Through the years, China Bank has come to the aid of DMCI in critical times. First was in 1984 when the Insular Bank of Asia and America was being sold by its owners and its debtors were being required to pay their loans. DMCI, which owed the bank several million pesos, was forced to look for another bank that would loan them the amount. David Consunji, the owner, approached China Bank with whom it had not dealt with before and received a loan. Second was in 1997 when DMCI Holdings bought Semirara Mining Corporation. “We really needed money to get going. China Bank’s officers firmly believed in our capacity to pay our obligations, probably because we had a good track record with them,” David says. The relationship between China Bank and DMCI flourishes to this day; it has now passed on from David to his sons.

– David M. Consunji

Sustainability is the Way2GO

Read 2GO’s Sustainability Report 2018

2GO Group, Inc.

The largest end-to-end logistics solutions provider in the Philippines

Responsible Stewardship

The 2GO sustainability framework serves as the backbone of our services—improving economic value generated for the industry, economic value distributed to key stakeholders and economic value retained for the company. We achieve this while creating shared value to our stakeholders and mitigating our environmental impact.

In Support of the Sustainable Development Goals

Target 1.1By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than US$1.25 a day

PHP108mntaxes paid in 2018

Target 1.2By 2030, reduce at least by half the proportion of men, women, and children of all ages living in poverty in all its dimensions according to national definitions

15%higher average entry level wage than mandated minimum wage

Target 4.3By 2030, ensure equal access for all women and men to affordable and quality technical, vocational and tertiary education, including university

1.3Mstudent visitors of the Traveling Science Centrum to date

Target 5.1End all forms of leadership roles are held by women and girls everywhere

37%in 2GO’s workforce are women

Target 5.5Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

41%of leadership roles are held by women

Target 8.1Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% gross domestic product growth per annum in the least developed countries

5,344indirect jobs supported through 2GO’s third party logistics

Target 12.6Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle

Publication of 2GO’s 2018 Sustainability Report in accordance with the GRI Standards

Target 15.2By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally

more than950tree saplings planted

Target 16.6Develop effective, accountable and transparent institutions at all levels

Promoting good corporate governance

Target 17.14Enhance policy coherence for sustainable development

Participant at the GRI Sustainability Summit

In Support of the Sustainable Development Goals

Target 1.1By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than US$1.25 a day

PHP108mntaxes paid in 2018

Target 1.2By 2030, reduce at least by half the proportion of men, women, and children of all ages living in poverty in all its dimensions according to national definitions

15%higher average entry level wage than mandated minimum wage

Target 4.3By 2030, ensure equal access for all women and men to affordable and quality technical, vocational and tertiary education, including university

1.3Mstudent visitors of the Traveling Science Centrum to date

Target 5.1End all forms of discrimination against all women and girls everywhere

37%in 2GO’s workforce are women

Target 5.5Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

41%leadership roles held by women

Target 8.1Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% gross domestic product growth per annum in the least developed countries

5,344indirect jobs supported through 2GO’s third party logistics

Target 12.6Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle

Publication of 2GO’s 2018 Sustainability Report in accordance with the GRI Standards

Target 15.2By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally

More than950tree saplings planted

Target 16.6Develop effective, accountable and transparent institutions at all levels

Promoting good corporate governance

Target 17.14Enhance policy coherence for sustainable development

Participant at the GRI Sustainability Summit

Sustainable Logistics System

We make capital investments in assets and capabilities to support economic activity through the movement of goods and services nationwide. We optimize our technology and implement seamless business processes to reinforce our capabilities and capitalize on e-commerce growth worldwide. We are working on providing accurate real time information as part of our excellent customer service standards. Lastly, we take into account the societal value we generate for our employees, third party providers and the communities we serve.

Atlas Consolidated Mining and Development Corporation

One of the largest producers of copper concentrate in the Philippines

Delivering Sustained Value Through Responsible Stewardship

Read Atlas Mining’s Sustainability Report 2018

Responsible Stewardship

Carmen Copper is committed to responsible mining. We adhere to global standards of human rights aligned to the United Nations Global Compact Principles. As a company, we:

  • support and respect the protection of internationally proclaimed human rights;
  • support the elimination of all forms of forced and compulsory labor and the abolition of child labor;
  • support the precautionary approach to environmental challenges and encourage the use of environmentally friendly technologies; and
  • support all forms of anti-corruption, anti-extortion and anti-bribery.

In Support of the Sustainable Development Goals

Target 1.1By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than US$1.25 a day

PHP169mnspent on various social development projects

Target 2.1By 2030, end hunger and ensure access by all people, in particular the poor and people in vulnerable situations, including infants, to safe, nutritious and sufficient food all year round

2,400farmers engaged in the Carmen Copper Integrated Farm

Target 3.3By 2030, end the epidemics of AIDS, tuberculosis, malaria and neglected tropical diseases and combat hepatitis, water-borne diseases and other communicable diseases

Carmen Copper Hospitala PhilHealth TB-DOTS* accredited health facility, served 72 tuberculosis patients in 2018

Target 4.3By 2030, end hunger and ensure access by all people, in particular the poor and people in vulnerable situations, including infants, to safe, nutritious and sufficient food all year round

553technical-vocational and college scholars to date

Target 5.1End all forms of discrimination against all women and girls everywhere

24%of newly-hired employees are women

Target 6.1 By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity

51%of water consumed per year is recycled

Target 9.4By 2030 upgrade infrastructure and retrofit industries to make them sustainable, with increased resource use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, all countries taking action in accordance with their respective capabilities

PHP193mnspent on environmental protection and enhancement projects

Target 12.6Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle

Publication of the 2nd Sustainability Report aligned to the GRI Standards, UN SDGs and UNGC Principles

Target 13.1Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

Air emissionsbelow DENR limits

Target 15.2By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally

2.24Mseedlings planted to date on 1,370 hectares of land

Target 17.14Enhance policy coherence for sustainable development

GRI-SM Partnership for the first GRI Sustainability Summit in the country

Creating Sustained Value

Creating a Sustainable Tomorrow

Read Belle Corp.’s Sustainability Report 2018

Belle Corporation

A developer of premium tourism and leisure destinations in the Philippines

Sustainability Framework

In Support of the Sustainable Development Goals

It is our mission to build world-class leisure destinations that promote socio-economic growth and environmental sustainability. In pursuing this, we support the United Nations Sustainable Development Goals by working with our stakeholders in building capabilities that enable self-sufficiency and ensure a more sustainable future

Target 1.1By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than US$1.25 a day

PHP 627 mnBelle Corporation and PLC

Target 4.1By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant effective learning outcomes

10,459students benefiting from

99classrooms refurbished to date

Target 4.3By 2030, ensure equal access for all women and men to affordable and quality technical, vocational and tertiary education, including university

10 college scholars

Target 5.1End all forms of discrimination against all women and girls everywhere

54%of the Belle Group workforce are women

63%of new hires in the Belle Group are women

Target 5.5Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

55%of leadership roles are held by women

18%women in Belle’s Board

22%women in POSC’s Board

Target 8.1Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% gross domestic product growth per annum in the least developed countries

PHP10.5bntotal economic value distributed by Belle Corporation and PLC

Target 8.5By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities and equal pay for work of equal value

7

average years of tenure among Belle Group employees

46%of Tagaytay Highlands’ workforce is covered by a collective bargaining agreement

Target 9.3Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets

PHP221,745total revenue earned by farmers in Tagaytay Highlands in 2018

786%

increase since it started in 2016

Target 10.2By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status

24,311participants to date in activities for persons with special needs supported by Belle Corporation

Target 11.1By 2030, ensure access for all to adequate, safe and affordable housing and basic services and upgrade s

PHP6.8mn

trees planted by the Belle Group to date

Target 12.2By 2030, achieve the sustainable management and efficient use of natural resources

361m3

of recycled waste collected in Tagaytay Highlands and Belle Head Office

Target 12.6Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.

Publication of maiden Sustainability Report aligned to the GRI Standards

Target 13.1Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

2,328 tonnesCO2 reduction through energy efficiency programs

Target 15.2By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally

490,747

trees planted by the Belle Group to date

Target 16.6By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally

Among the top publicly listed companies with highest corporate governance scores based on the 2017 ASEAN Corporate Governance Scorecard

Target 17.14Enhance policy coherence for sustainable development

GRI-SM Group Partnership for the first GRI Sustainability Summit in the country