Aboitiz declares its commitment to charting an action plan for a climate-resilient Philippines by joining the local business sector in signing the 2015 Manila Declaration and joining the Water Alliance.
The Manila Declaration is the private sector’s statement of solidarity to lower emissions, to help increase the resiliency of communities against the consequences of a changing climate, and to address collective sustainable development challenges while embedding sustainability into business processes. Signatories to the Declaration are: Philippine Business for Social Progress (PBSP), Philippine Business for the Environment (PBE), Philippine Chamber of Commerce and Industry (PCCI), Management Association of the Philippines (MAP), Federation of Philippines Industries (FPI), and the Financial Executives of the Philippines (FEP).
Meanwhile, the Water Alliance is the sector’s response to addressing the adverse impact of the El Nino phenomenon. Water scarcity is being experienced in many parts of the country, as water withdrawal per person per year has more than doubled in recent years. To better address this problem, the Alliance will develop a roadmap with target and metrics, monitor progress, and evaluate its effectiveness. The other members of the Alliance are: Shell, Coca-Cola FEMSA, LafargeHolcim, Dow Chemical Pacific Ltd., HSBC, Meralco, Lopez Group, Maynilad Water, Manila Water, Unilever, Pepsi Cola Products Philippines, Roxas Holdings, Nestlé, Smart Communications and Splash.