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Banking and Financial Services

PERA HUB Honors Its Outstanding Remit Partners In Very First Business Partners’ Awards

Aboitiz Foundation Teams Up With Armed Forces In Its #BangonVisMin Relief Efforts

Structure, Quality, Debriefings, And Adaptation To Win

SMA's New Year Message 2022

Aboitiz Group Advisory to External Stakeholders regarding COVID-19

2019 Bankers’ Night

2019 Brigada Eskwela Cebu

Aboitiz Eyes

UnionBank President and CEO Edwin Bautista discusses the Bank's groundbreaking
acquisition of Citigroup's consumer banking business in the Philippines. Watch
the full interview with ANC here:

WATCH: UnionBank CEO Edwin Bautista On Citibank Acquisition

Earl Gio Manuel

Aboitiz Construction was recently awarded the rehabilitation of the piers 1 & 2
and threshold facilities of Mariveles Grains Corporation (MGC) located in
Mariveles, Bataan.
In line with the commitment to building a better future, Aboitiz Construction
has started with the early stages of pier rehabilitation for Mariveles Grains
Corporation in Bataan. Once completed, the project will ensure stability of the
logistics of imported grain products.The rehabilitation project kicked off last
November 2021 and is expected to be completed in the fourth quarter of this
year. As part of Aboitiz Construction’s commitment to helping other businesses
to thrive, the project is intended to prolong the stability of piers—the main
structures in loading and unloading of grain products in the area.

MGC is one of the subsidiaries of La Filipina Uy Gongco Corporation, a highly
diversified food, agribusiness, and livestock company. MGC operates a grain and
commodities terminal that offers a range of services, including handling,
storage and distribution of imported bulk grains.

The terminal under MGC handles deliveries from Panamax vessels at a rate of
8,000 metric tons to 10,000 metric tons per day.

> “Through this project, we aim to help in improving the logistics of grain
products and contribute to our local food industry. This project also highlights
our expertise in building infrastructures that involve different areas of civil
works,” 

—Levi B. Agoncillo, Vice President for Business Development, Tender Planning,
Engineering, and Design, Aboitiz Construction.
Aboitiz Construction is also involved in various infrastructure projects
nationwide that include construction of substations, transmission lines,
warehouses, mooring dolphins, and land development works.

Construction

Aboitiz Construction Builds For a Local Storage and Grains Distribution Company

As efforts to restore power supply in most parts of Metro Cebu continue,
AboitizPower subsidiary Cebu Private Power Corporation (CPPC) provided free
charging to e-trike operators in Cebu City’s Barangay Ermita, its host
community, to aid them in their livelihood.
Electric tricycle drivers wait to have their vehicles charged at the facility of
Cebu Private Power Corp. (CPPC) in Brgy. Ermita, Cebu City.CPPC’s free charging
for electric tricycles or e-trikes started last December 23 in the aftermath of
Typhoon Odette and has since been used for a total of 344 charging cycles by
around 80 drivers as of 6 a.m. Friday, January 14.

"Mas makatabang kini sa panginabuhian sa atong mga driver tungod kay dili na
makuhaan ang ilang income kay libre man ang charging. Sa kani nga pamaagi, mas
mapadali ilang recovery (This really helps the livelihood of our drivers
income-wise because the charging is free. This also aids them in their
recovery),” Barangay Ermita Captain Mark Miral said.

Normally, e-trike drivers would pay P250 to charge their vehicles for three to
four hours, which would last them a day. CPPC's e-trike charging station can
accommodate up to four vehicles at a given time.

An electric tricycle or e-trike is being charged outside the facility of Cebu
Private Power Corp. (CPPC) in Brgy. Ermita, Cebu City.E-trikes are among the
primary modes of transportation around the Carbon Market in Cebu City and its
nearby communities, giving locals an income-generating livelihood while helping
in mobility within the public market.

CPPC will continue to offer its free charging station until about 50 percent of
Ermita’s households will be energized. As of January 10, Brgy. Ermita estimates
that only three out of the nine sitios in the area have been energized.

CPPC’s free charging initiative was launched after the company met with the
barangay’s officials and found that what the Ermita community needed during the
typhoon’s aftermath was a charging station for e-trikes.

Ermita, CPPC's host community, has scarce sources for charging stations, CPPC’s
free charging station gives e-trike owners much-needed access to electricity and
more income opportunities as they no longer have to pay for charging fees in the
meantime.

CPPC operates and manages an oil-fired power plant located in the heart of Cebu
City, embedded within the franchise area of Visayan Electric Company, and has
the unique capability to deliver power directly to the distribution utility’s
circuits and its customers.To recall, CPPC went online last Dec. 18 to serve
Visayan Electric, helping the distribution utility prioritize the energization
of hospitals, water providers, and other vital institutions in Cebu City. CPPC
was the first source of power in Cebu since the main transmission lines were
down and power was not flowing into the city from generation facilities. When
CPPC was operated, power was sent to the area of Vicente Sotto Memorial Medical
Center, the largest government-owned hospital and vaccine storage facility in
the city. Because CPPC is embedded in the utility’s franchise area, the power it
produces does not pass through transmission lines but rather goes straight to
the circuits and customers of Visayan Electric.

Aside from providing free charging, CPPC also delivered 2,000 10-liter bottles
of distilled water worth P250,000 to the northern Cebu municipality of Liloan
last December 29 as part of its post-calamity Corporate Social Responsibility
(CSR) programs. CPPC continues to extend more help through its CSR efforts to
typhoon-hit areas in Cebu.

Power

AboitizPower Unit Offers Free Charging To Cebu E-trike Operators

PERA HUB recognized its top remit partners during the first virtual Business
Partners’ Awards Ceremony last December 16, 2021. The awards honored partners
nationwide that delivered outstanding performance throughout the year. 

Now in its 23rd year of servicing Filipinos with remittance and other financial
services, PERA HUB has over 200 remit partners and has been helping businesses
thrive by providing a fast and efficient cash remittance system and a
comprehensive range of financial services with its partners including Western
Union and several other remittance brands. 

The awards ceremony honored its sub-agents and their tellers for championing
their commitment and excellence in extending PERA HUB’s remittance services and
products in different regions.


> “These past two years have been tough in terms of mobility and reaching our
customers, so our partners’ hard work and commitment to keep the locations
operational allowed us to extend our services to more Filipinos in different
parts of the country.” - PETNET President and CEO Ian T. Ocampo 

“It has been challenging for us players in remittance and payments, especially
in this pandemic. This is why our partners are a very important part of PERA
HUB’s progress as we continue to create a more competitive landscape,” he added. 


> “Today, we already have over 200 Remit Partners, 12 international remittance,
and 5 domestic remittance partners. We didn’t imagine that we would grow this
much at this point but we’re grateful that we did.” - PERA HUB Head of Business
Development for Remittance and Sub-Agents Jun Mallo 

Mallo, one of the pioneers in expanding PERA HUB’s sub-agent network since the
beginning of its operations, added that he is grateful that the collaborations
with different businesses have reached greater heights. PERA HUB’s Remit
Partners vary from pawnshops, rural banks, courier outlets, and the like. 


This year, PERA HUB will continue its transformation to improve efficient retail
network management and provide marketing programs to its key business partners.
It will also embark on training programs to enhance customer service, create
better POS systems, and roll out more added-value products for customers. 


Additionally, the company will also launch a sub-brand for its sub-agent network
to strengthen and grow its network of remit partners. 


Among PERA HUB’s Partner Branch Awardees are LBC Express Inc. - Ubay Branch;
Jackie’s Foreign Exchange and Money Transfer; High Lane Money Transfer - San
Quintin Pangasinan Branch; Tacloban Fortune Money Changer - Sogod Branch; and
Mindoreñas Pawnshop - Poblacion Branch.


Meanwhile, the awardees from the Business Partner category are Sinag Pawnshop
Corporation; JTG Easy Money - East Corp.; SMJ Pawnshop; and Trivault Four Gems
Pawnshop Corp.

Innovation, Disruption, And Rebels
Enrique Aboitiz Mendieta
01 04 2022
--------------------------------------------------------------------------------

May I start by wishing everyone a very happy new year. Our journey up the
mountain towards the plateau of openness, agility and remix continues as it
evolves. I guess that our journey with travel, reading, argument, reflection is
one of evolution — the evolution of how we think.

I think that perhaps the role that governance has in GMT is morphing from
oversight and supervision to THOUGHT LEADERSHIP.

> One cannot just will creative destruction without creating the conditions for
its flourish.
I am reading this book on creative disruption by Philippe Aghion. He speaks of
the origins of creative destruction. It apparently begins a little further back
than I thought. What was needed for innovation to flourish and unleash the power
of creative disruption? This author argues that without both rent protection
through intellectual property rights protection, competition and innovation, in
tandem, creative disruption cannot flourish.

In the similar vein, I was challenged by a curious friend to associate creative
disruption with the culture of fostering rebels and their limits. One cannot
just will creative destruction without creating the conditions for its flourish.
Without intellectual property right protection in the USA we might still be with
an abacus — probably an exaggeration.




--------------------------------------------------------------------------------

We, I am sure, all appreciate the onslaught of accelerating, accelerating change
which is going to destroy as it creates. What is the role of a rebel? What is
the role of those who question and challenge? Unpredictability is predictable.
We are almost sure of this. How do we evolve to adapt?

We want to be challenged? Authority and vested, anchored interests and thinking
will prevent innovation and creative destruction if not challenged by rebels. We
are Filipinos and we follow one of the greatest rebels of history — Christ. His
rebellion changed the world. The movement may have morphed into a form that may
not have been as envisioned but a rebel for increased humanity, nevertheless. 

> Rebels who question — not rebels who are saboteurs — is the breed we are after.
Rebels who have dreams for a better us.
What role do rebels play in our institution, Aboitiz Family and Firm? We need
challenge. We need questioning. We need persistent query at all levels,
everywhere and always. This questioning has to add. If it subtracts then we do
not move forward adding value. Our Filipino culture’s gravity keeps questioning
from floating so this is our challenge.

Rebels who question — not rebels who are saboteurs — is the breed we are after.
Rebels who have dreams for a better us. Saboteurs are not rebels. Saboteurs are
mutineers that use our venue to pursue their missions, their perspectives, and
their gods that are contrary to ours. Them, we must cull and send packing for
new voyages to foreign lands. 

“Bayanihan” by National Artist Botong FranciscoWe want to ride the winds of
accelerating, accelerating change and not be waylaid in contrast as the forces
that hold us from innovating and adapting may do more damage than ever.

When we are out to move a bahay kubo from one lot to another, we can argue the
how and the better way before we move it. Forward thinking and planning are
prevention strategies. When we decide together, we all use our varied strengths
to lift the bahay kubo and take it to our neighbor's new landing lot. Rebels
that are saboteurs want to sit on the bahay kubo because they do not like the
‘how’ that all of us may have agreed. Hearts can be reason’s foe. I guess it
depends on intent.

> History is loaded with the incompetent hiding under the wool of process and of
form 
To answer the question of the role of rebels, one might say that rebels are
welcome but saboteurs are not. Often saboteurs are aggressive and anger-driven
so they are difficult to challenge so it probably takes more than one to cull
the saboteurs from the rebellious so we are able to leave room and space for the
rebels that foster creative destruction. Rebels without which our future is put
to the  risk of being swamped by that lava from the volcano called change —
accelerating, accelerating change.

My experience and that of many of us who rode the journey of WG&A know that some
saboteurs come in rebel’s clothing! In our journey towards openness, agility,
dynamism, remix, being evergreen, and adapting, we will run into those who think
they know but really do not. History is loaded with the incompetent hiding under
the wool of process and of form versus content to further an agenda that may not
be to our long term interest. 

How much noise is holding us back?

A&E 24x60x60 996
May the forces of evolution be with you!!



FIFTEEN YEARS AGO, MODERN SMARTPHONES DID NOT EXIST.
A LITTLE WIND AND A CREW NOT ON A&E 24 x 60 x 60 997
[https://aboitizeyes.aboitiz.com/post/notes-by-ema-on-attention-engagement-24-x-60-x-60-and-the-996-work-ethic] 
(Read about it here
[https://aboitizeyes.aboitiz.com/post/notes-by-ema-on-attention-engagement-24-x-60-x-60-and-the-996-work-ethic]
) AND THE WHOLE WORLD IS KEPT TO WAIT.
ACCELERATING CHANGES THAT WERE INCIPIENT.
THE WORLD NEEDS REBELS, NOT SABOTEURS!
LET US WELCOME REBELS AS WE SHOW SABOTEURS THE DOOR!

Test Article

Victor Silva

By Ritchelle Drilon

> Ang kahayag sa unang panahon pangitaunon, pero sa pagkakaron, kahayag na ang
muduol sa matag sitio pinaagi sa programa sa Davao Light... nga diin gihatag ug
isuporta sa atong mga katawhan diri sa barangay (Back then, access to
electricity was hard to find. But now, electricity has come to us through the
Davao Light program that was given to us here in our barangay to provide support
to our residents). 

– Brgy. Councilor Romeldo Barwado, Paradise Embak, Davao City 
Electricity has been and will always be an integral part in the modern world's
progress. Since its discovery, it has played an essential role in improving the
quality of lives of millions of people across the globe. It is fundamental in
the field of livelihood, transportation, medicine and education. Economically,
it opens up opportunities for business creation and city growth and development,
generating jobs for  people living in the area as well.

With this, the government, under the supervision of the Department of Energy,
sees the need to extend the benefits of electricity to the marginalized sector,
which includes fisherfolk and farmers living in remote, far-flung areas, and
un-electrified barangays to provide opportunities of having a better quality of
life. This is actualized through the Sitio Electrification Program (SEP) to
which Davao Light rightfully obliged.

Since 2018, Davao Light has extended energy services to remote communities. As
of December 13, 2021, a 99.02% hit mark was achieved out of around 3,868 target
sitios to be energized within its franchise area covering Davao City, Panabo
City, and the Municipalities of Carmen, Dujali, and Sto. Tomas.

One of the program beneficiaries is Paquibato District, which used to be known
as for incidents of insurgency. The electrification project helped in
maintaining peace and order in the area and opened many opportunities to its
residents.

Captain Alfredo Balansag of Brgy. Paradise Embak said that with the installation
of lights came  improved peace and order as well as economic growth of the
community.

“Dako kaayo akong pasalamat kay dako kaayo ning tabang sa mga tao. Sauna, akong
mga tao diri lisod kaayo kay tungod sa kalisod sa dalan, wala man diri mga
proyekto, wala pa kaayo’y musulod nga mga negosyo ba. Karon halos among mga tao
niasenso tungod sa naa nay kuryente, unya maka-negosyo na sila og tarong (I'm
grateful as this [electricity] is very helpful to our people. We used to
struggle due to the difficulties of the road, lack of projects, and few
businesses coming in. Now, majority of our people have improved lives, they are
able to conduct their business effectively)," he said.

He also mentioned that since electrification, the barangay became host to
various projects, including telecommunications towers, more school buildings,
and roads, among others.

Residents of Purok 4-a and Purok 8 in Brgy. Paradise Embak were grateful to have
their area included in the program and now fully enjoy the benefits of
electricity. The barangay officers’ reminded the community to take care of it,
not only for themselves but more so for future generations.

“Atong proteksyonan ang kinaiyahan nga diin karon pagahayagan pinaagi sa
kompanya sa Davao Light nga kini isa gyud nga atong gipangandoy sa kinabuhi nga
muabot ni sa atong tagsa-tagsang panimalay. Hinaot unta nga ang tanang katawhan
nga makadawat niini, ato jud ning tagaan og dakong bili sa atong kinabuhi dili
lang para sa atong kaugalingon apan alang sab sa sumusunod nga kabataan.
Madasigon ug malaumon kita kay kita ang gihatagan niini, kita ang muproteksyon
niini, kita usab ang mabulahan niini alang kanatong tanan (Let us protect our
environment that is now given light through the program of Davao Light… We have
been longing for electricity in our houses for a very long time. Let’s put
importance on this not only for ourselves but for the future youth as well. We
are elated and hopeful because we are given the opportunity, we must preserve it
as we will greatly benefit from it)," Brgy. Councilor Romeldo Baruado said.

To further promote safety, Davao Light personnel have also oriented barangay
officials and purok leaders about electrical safety and energy conservation, as
well as tips on how to avoid fire incidents.

Davao Light is committed to its promise of advancing business and communities
through electrification programs such as the SEP. For this particular  program,
Davao Light strives to have all sitios within its franchise area energized by
2023.

Davao Light Sitio Electrification Now At 99%




Members of the Philippine Army load bottled water for distribution in Dinagat
Islands.Aboitiz Foundation partnered with the uniformed men and women of the
Armed Forces to deliver aid in the typhoon-stricken provinces of Cebu, Bohol,
Leyte, and Surigao. Over 27,000 families benefited. 

> Days after Typhoon Odette struck several areas in Visayas and Mindanao, major
groceries and supermarkets in Metro Cebu experienced food and supply shortages
which initially hampered our relief operations. We’re glad that our friends from
the Armed Forces offered help to the #BangonVisMin relief efforts and mobilized
their planes, trucks, manpower and delivered the much-needed assistance from
Manila to VisMin. 

—Maribeth L. Marasigan, President and COO, Aboitiz Foundation 

Humanitarian Assistance and Disaster Relief (HADR) is one of the four mission
areas of the Armed Forces. Together with the Philippine Army and Navy Reserves,
the Armed Forces has been coordinating with various partners, facilitating
multiple donations and transporting needed supplies to several areas in Visayas
and Mindanao severely affected by Typhoon Odette.

Members of the Philippine Navy unload and distribute food packs to residents of
Maribojoc in the province of Bohol.“We are your army volunteer reservists, handang tumulong sa pagbangon ng mga
bayang nasalanta ng mga kalamidad. Just like here in Cebu, we help Aboitiz
Foundation mobilize relief goods, kasi alam namin na makakatulong sa mga
nangangailangan. Kaisa kami with Aboitiz to bring help to where help is needed.”
said LTC Ruel D. Jugalbot (INF) PA, Director of 701st Community Defense Center,
Camp Lapu-lapu, Cebu City.

Philippine Army Artillery Regiment help transport goods for Surigao del Norte
beneficiaries.“In Cebu, we give assistance and support to Aboitiz Foundation
through hauling and distribution of relief goods as we believe that through
teamwork we can send more smiles to the faces of our beloved kababayans in need
of help. Sa pagkakaisa, sabay tayong magbigay nang pag-asa sa ating kapwa
Pilipino,” 2LT Buenafe B. Dandan (INF) PA, Assistant Operations Officer, 7RCDG.

1000 families in Negros Occidental received food packs from Aboitiz Foundation
and Pilmico. Pilmico also provided relief packs to affected families in Leyte, Negros
Occidental, Negros Oriental, Bohol, and Cebu.

“Ako ay nagpapasalamat sa Pilmico Feeds sa pag-alala sa amin sa kabila ng
kahirapan nandito sila ngayon. Nagpapasalamat ako at ang mga tao na matugunan
ang kanilang pangangailangan. Maraming salamat sa staff na nandito lalo na sa
mga organizers. Salamat, salamat, salamat!” Minerva Elsan, a Barangay Captain
from Negros Occidental said. 

As of January 3, the Aboitiz Group’s #BangonVisMin relief operations has
delivered over 34,000 food packs, distributed water filters and 54,496 liters of
water, served 300 individuals in the Bohol feeding program, prepared 600
sleeping kits and 6000 bread packs for distribution, and has established
charging stations in Toledo City and Barangay Ermita in Cebu City. The group has
also raised over 16 million pesos through its crowdfunding app ‘Kinder by
Aboitiz,’ bank donations, and PayPal.

Enrique Aboitiz Mendieta
01 06 2022

--------------------------------------------------------------------------------

Structure drives behavior. I learned this a very long time ago from a very wise
man. When the Aboitiz Board went to Silicon Valley to meet with people and learn
where innovation was going, in one of our first visits someone made a comment
that we were all structured to be exactly where we were as an enterprise. It
made me think that that had to be so for individuals and economies. In the
visits I made this fall, I saw examples of this being so valid. 

One is structured to be exactly where one is.

> What did the fathers retain as their most important oversight? Quality. 
Miguel and Miguel Gonzalez of Castro y Gonzalez [https://castroygonzalez.es/] (
Valladolid, Spain), they make bellota ham and accompanying products.

Angelo and Gaia Gaja of Gaja (Barbaresco, Italy), they turn Nebbiolo grapes to
among the very best Barbaresco and Barolo wines that one can enjoy.

Luciano and daughter Barbara Sandrone [https://www.sandroneluciano.com/] (
Barolo, Italy), they also turn Nebbiolo grapes to among the best Barolo wines in
the world. Alessia is Lucciano’s granddaughter. In 2021 she took over as the
winemaker.

Father and son, father and daughter, and father and daughter.

What do they have in common that results in their reaching the top of their
game. Hard work, the best materia prima possible and great terroir to start.
Decades of institutional knowledge to continue. Now everyone has some of that.
Alas, they are not what these three are and will probably be.

On their own, with common sense as their guide, they have the same structure.

> Strategy is fully about gaining competitive edges and advantages in doing what
no one else can, over and over and over to win in that Infinite Game.
The fathers and owners have turned over day-to-day management to their most
competent child that lived the vineyard, the wine, and the life since mother's
milk. So they know the wine, the values, the name, and the soul. They do not
need anything in writing. They all get it and together and they get things done.

What did the fathers retain as their most important oversight? Quality. They do
not see quality as something of the past. They know that longevity is about
quality.

Quality is about the future and not about the past. The past in wine is harvest
memory and harvest lessons that teach about quality in the future. This struck
me.

Who knows more about the quality of the future than the one who brought up wine
over years and knows its possibilities? One who has learned from his father who
brought up those vine years that spent centenaries adjusting to the terroir, in
general, and the soil, in particular.

Strategy is fully about gaining competitive edges and advantages in doing what
no one else can, over and over and over to win in that Infinite Game. The grape
matters, the terroir matters, the weather matters and so much more but it is the
conductor that makes music.

We Aboitiz together with Ayala, Family & Firm, are among two marathon winners in
the history of family businesses in our economy. Our one ingredient for success
was the timely adaptation to change.

On intent, I separate my experience with Giacomo Conterno of Podeiri Aldo
Conterno. His vineyards can produce 120,000 bottles from his 25,000 hectares but
he only produces 80,000 bottles because he will only make the very best he can
make. He does not produce a second label at a cheaper price. It is philosophy —
philosophy about quality and the expression of his land, his family, and his
name in wine. He will not sacrifice a millimetre of quality for his Gran Bussia
because his customers just do not want him to.

The story of Tondonia is the same. Maria Jose Lopez’s position in the company is
not CEO. It is Bisnieta — great granddaughter. She will not sell you a wine that
is not a teenager, aged 13 years or so in her barrels, because she knows that
drinking young wines are infanticidal. They have been adapting to change for
close to 150 years. Her grandfather made this wine you see above — 1939.

On top you have Andy Soriano and Team Alegre representing the Philippines in the
Mallorca Super TP52 race. He has to have the very best crew, the very best boat,
the very best use of information and experience. His entire crew knows that the
distance between them being number one or number two is seconds. How fast on
picks up wind in seconds makes all the difference in the world. They analyze
information of all kinds from pieces of the boat sent by computers to computers
to search for the smallest of improvements. Equipment, systems, information,
team, and experience to fight together to win. The structure on the boat with
not only a captain and his crew but a tactician. He has a tender following him
taking photos of everything for the debrief and the post mortems daily. Mistakes
are fertilizer for them and they are are to be seen in slow motion and in fast
motion because there is no room for non-improvement when you are fighting for
seconds to win. 

> We all have to understand as much as we can of why things are changing because
that change did not start yesterday. What we are seeing is evolution speeding
up.
I would like to wish all of you a very happy new year sharing with you some of
the lessons that I learned in 2021 from people who are among the very best at
what they do.

We enter the third year of St. Covid signalling to us the importance of
thoroughness but with flexibility, of adapting to change, of technology and what
it has to do for us from productivity gains to customer service to learning.

Change is accelerating out there at an accelerating pace. We all have to
understand as much as we can of why things are changing because that change did
not start yesterday. What we are seeing is evolution speeding up.

I have purposely sent you this article as close to January 6 as possible in
celebration of Three Kings to honor a revolutionary who questioned authority and
power. He had the “cojones” to question and challenge high up there. Personally,
I think it is our duty to question our leaders and hold them accountable. We
have launched the Philosophy of Radical Candor in 2021 as we all as openness and
agility to innovate. Can one disrupt without questioning? You are familiar with
the disruption caused by Jesus Christ. He turned the world upside down.


--------------------------------------------------------------------------------

University of Experience is a special Aboitiz Eyes section that focuses on
leadership insights from the unique experiences, perspectives, and wisdom of
leaders who have stood at the helm of Aboitiz over the years.

If you enjoyed this article, would like to suggest a topic, or simply share your
feedback, please CLICK HERE
[aboitiz.eyes@aboitiz.com?subject=UXP%20Reader%20Feedback%20].
[aboitiz.eyes@aboitiz.com?subject=UXP%20Reader%20Feedback%20]

Rachell Janine Leyva

We awarded the 2021 Local Team Awards winners during our year-end celebration
last Dec 10, 2021. The projects and teams we awarded were testaments to our
A-People’s perseverance to achieve our business goals despite the setbacks that
the ongoing pandemic put forth along the way. Here’s a look back at the
commendable projects that strengthened our commitment to upholding the core
values of the Aboitiz Way.

INTEGRITY

Project Name: Project YOUman 1.0: Transforming Team Engagement through Talent
Management

CSU: Corporate External Relations


Project YOUman answered the call for help from the Career Executive Board (CESB)
Secretariat in transforming organizational culture while fulfilling its mandate.
The CER team offered to provide technical assistance to the CESB Secretariat to
co-design and co-launch their strategic human resources management program. The
project successfully addressed their HR program woes on employee engagement,
succession planning, maximizing the talent assets to increase productivity, and
harnessing teamwork.


TEAMWORK

Project Name: Super Duper Conversation (SuperDuperCon or SDC)

CSU: Group Human Resources


The Super Duper Conversation (SDC) is a widely appreciated initiative that
serves as an avenue for Team Members across the organization to communicate with
our Group President and CEO, Sabin Aboitiz, ask him the toughest questions, and
get unfiltered responses in real-time. Hosted by SMA himself, it aims to share
the company’s direction on issues relevant to employees and promotes
transparency, courageous authenticity, and a growth mindset.


INNOVATION BREAKTHROUGH

Project Name: CLICK: An Innovative Pathway in Pursuit of Creative Learning in
the NOW Normal

CSU: Corporate External Relations


CLICK’s offers a pioneering formal Executive Certification program, that has
been submitted for accreditation  to the Civil Service Commission and the
Commission on Higher Education, for senior government officials and Career
Executive Service Officers. It provides a rigorous 48-hour online executive
course via a blended learning management system, designed to reinforce existing
skills and enhance leadership competencies to respond to recurring challenges in
this new emerging normal. 


It aims to help government stakeholders develop competencies that will help
define the right future organization in the public sector. 


INNOVATION IMPROVEMENT

Project Name: Aboitiz Virtual Asset Tour

CSU: Investor Relations


The Aboitiz Virtual Asset Tour is a first-of-its-kind approach to the site
visits required for publicly listed companies. Using a multimedia platform, it
allowed the organizing team to capture the experience of a physical tour while
allowing more attendees to participate, more sites to be visited, with less
costs, as a way to circumvent the travel restrictions during the pandemic. The
team was also able to mitigate the challenge of recreating the atmosphere and
rapport of traditional physical tours by delivering a live, raw and immersive
experience akin to actually being in the group’s key facilities, despite the
participants actually viewing it from the comforts of their homes.


RESPONSIBILITY

Project Name: Online Production of AEV's Annual and Sustainability Report

CSU: Reputation Management Department


The Annual and Sustainability Report is a legal requirement for publicly listed
companies and requires rigorous planning, research, design, and production. Due
to the ECQ implemented in March of 2020, on-site work was impeded and posed new
and greater challenges for the team in terms of collaboration and delivery. The
team faced the headwinds in adjusting work methods on research, writing,
editing, design, proofreading, color-grading, sign-offs, publication, and
distribution to produce an all-digital version. This emphasized sustainability
by cutting down emissions from commuting and lowering resource consumption. The
delivery of the ASR despite an uncertain business and work landscape aims to
instill pride and dignity in A-People, to demonstrate that the core value of
responsibility knows no season and transcends seeming limitations.



It was a fruitful year for our teams and we can only look forward to what this
year will bring. May we all continue to work hand in hand in advancing business
and communities!

2021 Local Team Awards

Local Team Awards 2021: 
Advancing Business and Communities Amidst a Raging Pandemic

Post-Odette Cebu Re-energization Bulletin (January 3)

Innovation, Disruption, And Rebels
Enrique Aboitiz Mendieta
01 04 2022
--------------------------------------------------------------------------------

May I start by wishing everyone a very happy new year. Our journey up the
mountain towards the plateau of openness, agility and remix continues as it
evolves. I guess that our journey with travel, reading, argument, reflection is
one of evolution — the evolution of how we think.

I think that perhaps the role that governance has in GMT is morphing from
oversight and supervision to THOUGHT LEADERSHIP.

> One cannot just will creative destruction without creating the conditions for
its flourish.
I am reading this book on creative disruption by Philippe Aghion. He speaks of
the origins of creative destruction. It apparently begins a little further back
than I thought. What was needed for innovation to flourish and unleash the power
of creative disruption? This author argues that without both rent protection
through intellectual property rights protection, competition and innovation, in
tandem, creative disruption cannot flourish.

In the similar vein, I was challenged by a curious friend to associate creative
disruption with the culture of fostering rebels and their limits. One cannot
just will creative destruction without creating the conditions for its flourish.
Without intellectual property right protection in the USA we might still be with
an abacus — probably an exaggeration.

We, I am sure, all appreciate the onslaught of accelerating, accelerating change
which is going to destroy as it creates. What is the role of a rebel? What is
the role of those who question and challenge? Unpredictability is predictable.
We are almost sure of this. How do we evolve to adapt?

We want to be challenged? Authority and vested, anchored interests and thinking
will prevent innovation and creative destruction if not challenged by rebels. We
are Filipinos and we follow one of the greatest rebels of history — Christ. His
rebellion changed the world. The movement may have morphed into a form that may
not have been as envisioned but a rebel for increased humanity, nevertheless. 

> Rebels who question — not rebels who are saboteurs — is the breed we are after.
Rebels who have dreams for a better us.
What role do rebels play in our institution, Aboitiz Family and Firm? We need
challenge. We need questioning. We need persistent query at all levels,
everywhere and always. This questioning has to add. If it subtracts then we do
not move forward adding value. Our Filipino culture’s gravity keeps questioning
from floating so this is our challenge.

Rebels who question — not rebels who are saboteurs — is the breed we are after.
Rebels who have dreams for a better us. Saboteurs are not rebels. Saboteurs are
mutineers that use our venue to pursue their missions, their perspectives, and
their gods that are contrary to ours. Them, we must cull and send packing for
new voyages to foreign lands. 

“Bayanihan” by National Artist Botong FranciscoWe want to ride the winds of
accelerating, accelerating change and not be waylaid in contrast as the forces
that hold us from innovating and adapting may do more damage than ever.

When we are out to move a bahay kubo from one lot to another, we can argue the
how and the better way before we move it. Forward thinking and planning are
prevention strategies. When we decide together, we all use our varied strengths
to lift the bahay kubo and take it to our neighbor's new landing lot. Rebels
that are saboteurs want to sit on the bahay kubo because they do not like the
‘how’ that all of us may have agreed. Hearts can be reason’s foe. I guess it
depends on intent.

> History is loaded with the incompetent hiding under the wool of process and of
form 
To answer the question of the role of rebels, one might say that rebels are
welcome but saboteurs are not. Often saboteurs are aggressive and anger-driven
so they are difficult to challenge so it probably takes more than one to cull
the saboteurs from the rebellious so we are able to leave room and space for the
rebels that foster creative destruction. Rebels without which our future is put
to the  risk of being swamped by that lava from the volcano called change —
accelerating, accelerating change.

My experience and that of many of us who rode the journey of WG&A know that some
saboteurs come in rebel’s clothing! In our journey towards openness, agility,
dynamism, remix, being evergreen, and adapting, we will run into those who think
they know but really do not. History is loaded with the incompetent hiding under
the wool of process and of form versus content to further an agenda that may not
be to our long term interest. 

How much noise is holding us back?

A&E 24x60x60 996
May the forces of evolution be with you!!



FIFTEEN YEARS AGO, MODERN SMARTPHONES DID NOT EXIST.
A LITTLE WIND AND A CREW NOT ON A&E 24 x 60 x 60 997
[https://aboitizeyes.aboitiz.com/post/notes-by-ema-on-attention-engagement-24-x-60-x-60-and-the-996-work-ethic] 
(Read about it here
[https://aboitizeyes.aboitiz.com/post/notes-by-ema-on-attention-engagement-24-x-60-x-60-and-the-996-work-ethic]
) AND THE WHOLE WORLD IS KEPT TO WAIT.
ACCELERATING CHANGES THAT WERE INCIPIENT.
THE WORLD NEEDS REBELS, NOT SABOTEURS!
LET US WELCOME REBELS AS WE SHOW SABOTEURS THE DOOR!

Notes By EMA | Innovation, Disruption, And Rebels

Jan 1, 2022

A NEW ABOITIZ

“The Great Transformation begins with you and I – our mindset, attitude, and
behavior.”


Dear Fellow Team Members,
Today marks the beginning of a new year around the world, but for us at the
Aboitiz Group, it marks the beginning of something deeper. At the stroke of
midnight, we turn the page of our company’s proud history and commence a pivotal
chapter of our great story.

Since the founding of our company over a hundred years ago, it has always been
defined by transformation through innovation and finding better ways of
advancing business and communities. But once in a great while we experience a
more profound change in our charted course; a sea change in almost every aspect
of who we are and what we do; a moment in time where so many things alter at
once, and we suddenly realize we are at the center of it all.

I took the helm of this ship in 2020, and was given the responsibility to steer
it longer than I was supposed to. It won’t be smooth sailing all the way: tides
will turn and headwinds will come, but it is only with the crew I have on board
that I am confident we will drive through all of them. It’s only been two years
and we are already navigating the roughest of waters, and if we are to reach our
destination, we need to change tack in more ways than one. The world as we know
it is changing right before our eyes – and we need to ride along with it.

The Great Transformation 
The Great Transformation begins with you and I – our mindset, attitude, and
behavior. We are compelled to make these adjustments by things happening to the
world we all share, like climate change, technological advances, and viruses. So
as we start the new year, take an introspective moment to ask ourselves if our
eyes and minds are open enough to clearly see the horizon of progress, and do
whatever it takes to get there – even if it means unlearning everything we’ve
been taught our whole life, and trying things we never would have imagined. 
Everything everywhere will be accelerating forever, so the first thing we must
do is get used to it and be comfortable with the unknown. 

Although not out of the woods yet, the pandemic appears to be giving us a
breather, and this is the first change that needs to happen. We handled it with
agility, resilience, and sacrifice; and we accepted the new way we work and live
as a flexible hybrid of working from everywhere, depending on what enables us to
deliver and perform faster, better, and stronger. With today’s technology, we
can, at once, be more loosely flexible but more tightly connected than we ever
were before.

SBUs Moving Forward
This year we start the transition to a federated organizational structure, where
SBUs will have more autonomy to operate towards achieving their goals. 

2022 will also mark the beginning of a key strategic alliance with our new
partner Jera, who will help us transform our Power business and move us closer
to our sustainability targets of more renewable energy. This partnership will
provide us with the resources to pursue our plans for growth, expansion, and
diversification into other business opportunities and markets. 

Part of this expansion will be in our formidable banking and financial services
leg, where we seized the opportunity to acquire the consumer and retail banking
assets of Citigroup Philippines. The Citi acquisition will accelerate
UnionBank's growth not only as a Great Retail Bank, but also fulfill its
aspiration to become a Bank of Enduring Greatness. Coupled with its successes in
digital transformation and soon the separate Union Digital bank, which will be
operational in July, UnionBank has become relevant to the communities it serves
while bringing greater value to Filipinos across segments – from thrift to rural
bank customers to the mass market and private banking segments. 


--------------------------------------------------------------------------------

 [https://aboitizeyes.aboitiz.com/post/sma-christmas-2021-message] Click to read
SMA's Christmas 2021 Message


--------------------------------------------------------------------------------

AboitizPower will continue to provide reliable, affordable, and more sustainable
power in this decade, and deliver substantial value to the Group. By the time I
retire and with your support, we will be at or very close to our 2030 target of
achieving a balanced 50:50 portfolio between thermal and renewable energy, and
this will be one of the most important transformations under our watch. 

Sustainability and ESG will continue to develop this year with significant
strides towards the UN’s Sustainable Development Goals. These strides include
our new Sustainability microsite, leadership among Philippine peers in ESG
performance, and more renewable energy projects in our development pipeline. 

The Food Group’s ambitious transformation towards becoming an integrated
regional agribusiness and food company with a mission to feed humanity will be
achieved through a 10-year strategy anchored on a balanced business portfolio,
optimization of operations, and development of new business in other sectors. 

Aboitiz InfraCap launched a new brand identity that captures their
transformative ambition to be the country’s first choice for infrastructure.
Their 10-year plan continues to revolve around growth through proactive
participation in project opportunities in the economic estates, water, digital
infrastructure, and mobility and transport sectors. 

Republic Cement is already seeing positive results after they began their
transformation to a data science-driven operation resulting in a more efficient
process of manufacturing better quality cement.

Introduced to support our transformation by adopting and operationalizing data
and AI technologies, Aboitiz Data Innovation was just recently incorporated to
work closely with the other BUs to accelerate its own transformational journey
towards becoming a conduit for growing ecosystems with limitless possibilities.

To realize its vision of becoming a sought-after and responsible contractor
within the Group and its industry, Aboitiz Construction bravely pivoted and
expanded its footprint, transformed its culture and talent, and re-imagined its
place in the #OneAboitiz vision of a future-ready Group of companies. 

It was also a transformational year for AboitizLand, marked by its highest sales
in its 26-year history. Their agile and innovative mindset allowed them to
transcend a challenging year for real estate through such pioneering projects as
the Contactless Homebuying Service. The continuing digitization of their
operations, organizational transformation, and strategic partnerships will
propel them forward and ensure a future-ready workforce.

The recent work done by Aboitiz Foundation in response to Typhoon Odette is a
shining example of how we are transforming the ways we live up to our promise of
advancing communities, and I look forward to what they have in store to address
this year’s theme of Responsibility. The Foundation must also transform to help
the business make more impactful changes.

These are just some of the transformations taking place this year, and they are
all part of a larger transformation in the way we think. This is largely thanks
to the Remix, and will most likely also be attributed to new sources of learning
like Adam Grant’s appropriately titled Think Again. According to plan, the Remix
will continue to be a critical catalyst for change in everything we do.

The Future Starts Now
In summary, the Great Aboitiz Transformation will be a paradigm shift from the
traditional legacy business of the last 100 years, to a more modernized,
inclusive, and technology-driven one. It is a major part of the evolution of our
brand promise, which changes over time and moves with the demands of our
stakeholders. We must adapt and change as well, and exceed their expectations
consistently in order to stay ahead of the game. 

Our education never ends and I pledge my commitment to continuously improve
myself as a leader, and it is my sincere hope that you do the same. That my
example might inspire all of you to find the transformation you need to become
the very best versions of yourselves, both as a team member of the Group and a
citizen of the world.

Thank you and Happy New Year – now let’s get to work and enjoy every minute of
it!

Sabin

--------------------------------------------------------------------------------


--------------------------------------------------------------------------------

[Read SMA's Christmas 2022 Message here
[https://aboitizeyes.aboitiz.com/post/sma-christmas-2021-message]]

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