ad: Maxime 5.5

ad: Tommy 5.5

ad: Woofy 5.5

Aboitiz is undergoing its Great Transformation to become the Philippines' first techglomerate.

The Great Transformation

Innovation

Techglomerate Origins

Column

University of Experience

People & Culture

One Aboitiz

In Photos: Synergy, Collaboration, and 2024 Vision

AEV Recognized with KAISA Star Seal for Exemplary Workplace Management

Infrastructure

Aboitiz InfraCapital wins Silver Stevie Awards for Women in Business 2023

The Great Transformation Surges Ahead With 2024 Goals

Aboitiz Group Advisory to External Stakeholders regarding COVID-19

2019 Bankers’ Night

2019 Brigada Eskwela Cebu

Aboitiz Eyes

TAKING SOLAR POWER PLANT OPERATIONS AND MAINTENANCE TO NEW HEIGHTS. 
Cayanga-Bugallon Solar Power's operations and maintenance team excels with drone
precision, boosting maintenance efficiency.In the ever-evolving landscape of
technology, innovation stands as the bedrock of progress. Hedcor, a subsidiary
of AboitizPower focused on renewable energy, embodies this principle with
remarkable prowess. They are leading the way in ushering in a new era of
efficiency in energy operations.

Hedcor's engineers have embarked on a journey to redefine their industry, both
figuratively and literally. They have embraced state-of-the-art technology as a
key component of their daily operations, igniting a transformative wave in the
domains of surveying, inspections, and maintenance for their solar and hydro
plant projects.

This integration of technology is not merely a leap forward; it's a
revolutionary step towards reshaping the future of renewable energy operations
aligned to Aboitiz Group's Great Transformation journey, to become the
Philippines' first techglomerate.

Empowering the Future with Solar Energy
At the core of Hedcor's technological transformation lies the Solar Group, which
has harnessed the capabilities of specialized drones to enhance the efficiency
and sustainability of its operations. Through the utilization of drones for
surveying and inspections, the team can effectively oversee solar farms with
remarkable precision and agility.

These drones are outfitted with advanced high-resolution cameras and thermal
imaging technology, playing a pivotal role in identifying potential issues well
before they escalate into significant challenges. This proactive strategy has
led to accurate replacements resulting in the maximization of available
resources, ultimately ensuring a continuous and reliable energy production
process.

San Carlos Sun Power's operations team excels in innovation, overcoming
challenges with drone technology for swift and efficient work, paving the way
for a brighter energy future.

Alfred Balaga, Solar Grid Manager, emphasized that this dynamic strategy has not
only optimized the utilization of existing resources but has also established
Hedcor as a leader in the renewable energy industry, ensuring a continuous and
reliable energy generation process. Balaga said, "Through the effective use of
technology and a commitment to sustainability, Hedcor is setting new standards
for the future of clean energy production, showcasing the significance of
innovation and environmental responsibility in a rapidly evolving world."

Illuminating Innovation Across the Islands
Hedcor's commitment to innovation in improving its hydropower plants is
exemplified by the rehabilitation project of the FLS Conveyance Line in Luzon.
Drones played a pivotal role in enabling engineers to conduct precise
assessments of the conveyance line's condition, a critical component for water
transport in hydroelectric power generation.

This technological leap not only streamlined the assessment process but also
facilitated the design of targeted solutions to minimize downtime and optimize
efficiency. The outcome was a swift and cost-effective rehabilitation, ensuring
uninterrupted power generation in the region.

Simultaneously, Hedcor's hydro facility in Bukidnon utilized drones for
proactive inspections. This initiative provided a comprehensive view of the
plant's infrastructure, identifying vulnerabilities and areas of concern.

This innovative approach empowered the team to take preemptive measures,
preventing costly breakdowns and ensuring a continuous electricity supply. The
data collected through drone inspections served as the foundation for a thorough
evaluation and design process, ultimately leading to focused maintenance
activities and improvements in the infrastructure.

Hedcor optimizes hydro operations and maintenance through advanced drone
technology.> Hedcor's vision transcends mere ambition; it is a resolute commitment
to transform the renewable energy landscape. We're not settling for being a top
asset manager in our nation or ASEAN—we're venturing into new frontiers as a
tech-driven conglomerate. Our journey combines human skill with advanced tech,
creating pioneering, sustainable energy solutions. Fueled by endless innovation,
we're shaping a green, bright future that will endure for generations. 

—Rolando G. Pacquiao, President and COO, Hedcor 
At Hedcor, engineers have not merely incorporated drone technology; they have
elevated it to an indispensable tool in their relentless quest for operational
excellence. As Hedcor spearheads this revolutionary charge, the horizon of
energy generation in the Philippines gleams with unprecedented brilliance,
promising an era of unparalleled vitality and sustainability.

Power

Hedcor’s Tech-Driven Operational Transformation in Renewable Energy

#TechglomerateInAction. Aboitiz Group's Chief Reputation and Sustainability
Officer Ginggay Hontiveros-Malvar delivers a rallying call to all her fellow
reputation practitioners in her opening message.In a display of teamwork and
synergy, Aboitiz Group's Reputation Council, Sustainability Council, and
Integrated Communications Workgroup (ICW) recently convened for their Q4
meeting. The gathering served as a platform for the practitioners to reflect on
key wins and milestones achieved throughout the year and to unveil ambitious
plans for 2024, as it gears up for its penultimate year under the Great
Transformation banner.

BREAKING THE ICE. Faces, new and familiar alike, enjoyed a healthy dose of the
A+10 Core Behavior of Fun.Members from each SBU's reputation teams delved into
the achievements of the past year. From groundbreaking sustainability
initiatives to reputation-building endeavors, each success story highlighted the
potential when different facets of the organization work in harmony.

Representatives from each of the SBUs present their key milestones for the year.
Looking forward to 2024, the Aboitiz Group is gearing up for even greater
accomplishments, guided by a shared ambition of becoming a an organization that
leads the way in technological innovation and sustainability practices. The
meeting laid the groundwork for strategic initiatives that will propel the Group
to new heights, marking a significant step in the journey towards being
recognized as the Philippines' first techglomerate.

Davao Light and Power Company (Davao Light) emerged triumphant in the Philippine
private sector category at the 6th Association of Southeast Asian Nations
(ASEAN) Rural Development Poverty Eradication Leadership Awards (RDPELA) held on
November 21, 2023. 
The award was conferred upon Davao Light at the Sands Expo and Convention Centre
in Singapore, with the presentation made by H.E. Dr. Kao Kim Hourn,
Secretary-General of ASEAN, and H.E. Masagos Zulkifli, Minister for Social and
Family Development of Singapore and AMRDPE Chair.

Davao Light clinched the award after rigorous assessment and validation by the
National Anti-Poverty Commission (NAPC). The company's unwavering commitment to
being a responsible corporate citizen through collaborative projects with
government agencies and organizations for education and livelihood programs
played a pivotal role in securing this prestigious recognition.

The award ceremony also celebrated another Philippine winner in the form of the
Coalition of Municipal Fisherfolk Associations (COMFAS), which secured the
accolade in the NGO category. Mr. Roberto "Dodoy" Ballon, Chairman of COMFAS and
a Ramon Magsaysay Awardee, received the honor on behalf of the organization.

The Philippine delegation, led by Secretary Lope Santos III of the NAPC,
showcased the nation's dedication to addressing rural development challenges and
eradicating poverty through innovative and impactful initiatives.

> This is a big win for Davao Light, having consistently lived up as a responsible
corporate citizen through project partnerships with different government
agencies and organizations for its education and livelihood programs. 

—Fermin Edillon, Head of Reputation Enhancement Department (RED), Davao Light
The Aboitiz Foundation was also cited for its unwavering support of Davao
Light's projects and initiatives which have positively impacated the communities
the company serves.

"We would like to share this award with you and our gratitude to everyone who
has contributed to this success as you are all part of it," Edillon added.

Davao Light Clinches ASEAN Award For Rural Development And Poverty Eradication

UnionBank embarked on a digital transformation journey in 2016, long before the
COVID-19 pandemic underscored the importance of digital readiness. This
forward-thinking approach has enabled UnionBank to position itself as a digital
trailblazer in the financial sector, allowing them to scale their operations
efficiently and stay ahead of the curve.
One of the most striking aspects of UnionBank's digital transformation is the
overhaul of their customer touchpoints. The bank has gone the extra mile to
provide a seamless and enhanced experience for its customers: from transforming
physical branches into today’s ‘Arks’ — advanced, digitally-integrated spaces
catering to customers’ various needs — to developing user-friendly, online
banking applications which allow them to conveniently access their accounts and
manage their finances within the comforts of their homes, and even the creation
of a specialized platform which addresses the unique needs of corporate clients.
UnionBank’s tailored approach is an excellent demonstration of the bank’s
commitment to meeting the diverse requirements of its customer base, as it
embraces the advantages of the digital age.

UnionBank's core strength lies in transaction banking, with 51% of their
deposits originating from corporate clients, surpassing the industry benchmark
of 45%. The adept manner in which they handle their transaction banking
processes has led to quicker and more secure financial transactions, and has
earned the trust of their corporate clients in the process.

Unionbank recognizes the evolving business landscape and is committed to helping
other enterprises succeed in the digital age by ushering in a new era of
innovative transaction banking solutions. Unionbank aims to empower businesses —
to be built for beyond.

PayExpress
A first of its kind, PayExpress, is an electronic supplier payment solution with
automated Check Disbursements and Creditable Withholding Tax (CWT) Generation.
Unionbank understands the significance of streamlining supplier payments and
enhancing efficiency — and PayExpress does just that. It allows clients to
conveniently manage transactions by collecting Official Receipts (ORs) from
suppliers and vendors prior to disbursing or crediting payments.

What sets PayExpress apart is its immediate generation of Creditable Withholding
Tax (CWT) and Invoice Vouchers, sent directly to nominated email addresses of
suppliers and vendors, once the ORs are collected and funds are credited to
payees.

PayExpress complements the Bureau of Internal Revenue's (BIR) forward-looking
strategy to adopt an e-Invoicing and e-Receipt System. The initiative is a
significant step in the modernization of the country's tax documentation
processes. By providing a secure and efficient platform for collecting Official
Receipts (ORs) and generating essential documents like Creditable Withholding
Tax (CWT) and Invoice Vouchers, PayExpress helps businesses seamlessly adapt to
these evolving tax regulations. This alignment not only simplifies tax
compliance but also contributes to the overall transparency and efficiency of
financial operations.

Payroll Digital Account Opening (eDAO)
Say goodbye to in-person bank visits when setting up payroll accounts with
UnionBank’s Payroll Digital Account Opening (eDAO). eDAO is a solution which
provides efficient, paperless, and fully-digital end-to-end ePaycard payroll and
corporate disbursement solution for corporate clients to their employees.
Corporations can now efficiently distribute salaries, while offering an array of
value-added benefits to their employees allowing them to open an account at the
convenience in their own home.

Moreover, eDAO also complements the upcoming Bank Account Portability For
Workers Act (Hb7619), granting private sector employees the prerogative to
select and change their preferred bank accounts, thereby liberating them from
the constraints of a one-size-fits-all banking system.

In essence, eDAO not only simplifies the account setup process for corporations;
it also positions UnionBank as a forward-thinking institution aligned with
legislative changes aimed at enhancing the financial flexibility and convenience
of employees.

Remote Check Deposit
Remote Check Deposit (RCD) redefines the way checks are deposited. With RCD,
corporate clients can effortlessly use a check scanner to deposit a hundred
checks at a time online, eliminating the need for branch visits. All they need
to do is upload the images along with the check details on The Portal, and
UnionBank will take care of the rest — from validating the submitted images and
details to depositing the approved checks. RCD supports deposits of both
current-dated and post-dated checks, with a cap of PhP20,000,000. Clients can
conveniently track their status online, from warehousing to clearance and
return. RCD also provides a clear display of cleared and bounced checks, making
it a cutting-edge innovation in check payments, perfectly complementing the
bank’s mobile check deposit service

Mobile Check Deposit
The implementation of the Check Image Clearing System, adopted by the Philippine
Clearing House Corporation (PCHC) in 2017, marked a significant advancement in
the modernization of banking processes. This innovation eliminated the need for
physically transporting checks for clearing, as only check images and their
electronic payment information were required to be transmitted to the paying
bank. In tandem with advancements in mobile technology, UnionBank introduced its
award-winning Mobile Check Deposit (MCD) in 2020, effectively reshaping the
operational landscape for business clients. MCD capitalizes on the prevalence of
the most commonly used gadget – a smartphone — by allowing corporate clients to
conveniently deposit checks at their preferred time and place, thereby
overcoming the limitations of having to visit traditional physical counters and
embracing the convenience of a digital interface.

The PORTAL
All these cutting-edge transaction banking solutions are all conveniently
accessible through a single platform known as "The Portal”. This one stop shop
corporate banking facility offers corporate clients seamless access to
UnionBank's extensive array of products and services, making it the go-to-choice
for large corporate entities seeking a convenient, secure, and efficient
solution for their day-to-day financial transactions.

The future of banking is here, and UnionBank remains dedicated to elevate
businesses’ transaction banking experience through its continuous pursuit of
innovative solutions.

UnionBank unveils Digital Solutions that help build Businesses for Beyond

In a recent ceremony held at the 15th floor of the NAC Tower on November 16,
Aboitiz Equity Ventures Inc. (AEV) proudly accepted the prestigious KAISA Star
Seal from the Taguig Bureau of Fire Protection. The event was attended by
members of the AEV Workplace Management Team, including Corporate Center
Security Officer Roderic Gaviola and AVP of Workplace Management Doni Dionisio,
who received the award on behalf of the organization.

The AEV Workplacement Management Team receives the award from the NCR Bureau of
Fire Protection - Taguig.> In our journey towards creating a safer workplace, we
have consistently prioritized the well-being of our team members. This seal is a
reflection of the collective efforts we've invested in fostering a culture where
safety is not just a priority, but a way of life.

—Doni Dionisio, AVP of Workplace Management, AEV
The KAISA Star Seal is a testament to AEV's commitment to maintaining top-tier
safety and security standards within its workplaces. The accolade specifically
commends the exemplary management of the Aboitiz workspaces located in NAC
Tower, BGC.

The AEV Workplace Management Team's dedication to ensuring a safe and conducive
working environment was highlighted during the short but meaningful ceremony.
The recognition not only underscores the organization's adherence to fire safety
protocols but also acknowledges its overall commitment to providing A-People
with an environment that fosters productivity and well-being.

AEV's Assistant Vice President for Workplace Management, Doni Dionisio,
graciously addresses the representatives from Taguig City's Bureau of Fire
Protection.The award ceremony showcased the importance of collaboration between
the private sector and government agencies in upholding and recognizing the
highest standards of safety. AEV's commitment to fire safety aligns with the
broader mission of ensuring the well-being of its teammembers and stakeholders.

"Let us view this KAISA Star seal not only as a symbol of accomplishment but
also as a reminder of the responsibility we carry towards our colleagues and our
community. As we celebrate today, let's recommit ourselves to continuous
improvement, innovation, and a relentless pursuit of excellence in workplace
safety," Dionisio remarked.
The recognition comes at a time when the Aboitiz Group is actively engaged in
its Great Transformation,  encompassing changes both big and small across all
facets of the organization. AEV's commitment to excellence in workplace
management reflects the broader efforts within the Group to create positive
transformations that impact not only the business but also the lives of its
teammembers.

We recently launched our Electric Vehicle (EV) Fleet Transformation Program,
which aims for a 40% EV share of our distribution utilities fleets by 2030,
enroute to full electrification by 2040. This move is in support of the Electric
Vehicle Industry Development Act or EVIDA, which is meant to reduce the
transportation sector’s reliance on internal combustion engine vehicles and
fossil fuels.

Fellow city dwellers have every right to be excited as converting to EVs can
quite literally bring a breath of fresh air. Just think, over 80% of air
pollution in Metro Manila comes from motor vehicles with petrol and diesel
internal combustion engines. By electrifying our vehicles, it will contribute to
better air quality in the cities we live in.

But cleaner mobility is only the tip of the iceberg, as far as the role of EVs
are concerned. The bigger picture, in my opinion, concerns the energy storage
system capability of EVs and its potential role both as power load and storage
in relation to smart homes and smarter cities. Assuming that the infrastructural
gaps are filled and the initial costs drop significantly (which I think is very
likely moving forward), the role of EVs can expand from mere consumers of
renewable energy to also being partners in grid ancillary services and even
viable storage systems for off-grid living.

Consider this: since owners can use their EVs to store electricity, they can
store surplus energy during off-peak hours when electricity is relatively
cheaper, and then opt to power their homes or sell it to grid-operators during
peak-times or during instances when generation is low and prices are higher.
This does not only enable individual EV owners to save on electricity costs or
turn a profit, but it can also reduce strain on the grid when done collectively.
In scenarios when demand tends to overpower available supply, the influx of
stored electricity becomes necessary to help widen the supply-demand margins,
especially when we also consider the growing installation of intermittent
renewable energy power plants like solar and wind farms.

If this is realized, how we can further maximize this new reality for the
benefit of energy sustainability and security is only limited by the imagination
of future innovators, policy makers, and business leaders. For instance, similar
to the Interruptible Load Program of the Energy department, energy storage
systems in EVs can also be treated as a tool that helps balance the grid via
voluntary collective reduction of charging, or conversely, collective
discharging back to the grid like a virtual power plant, when aggregate supply
is insufficient to meet the demand.

On our part, my colleagues and I at AboitizPower have already started pondering
on where our company can play a significant role in this long value chain of
mobile energy storage. In fact, to look out for more opportunities beyond our
core business, we have started a new venture company that will explore such
possibilities.

But what is the overarching philosophy guiding our pursuit of these ambitions in
AboitizPower? One might ask, isn’t the business of generating, distributing, and
selling electricity already profitable, sustainable, and ambitious enough as it
is? While that is true, AboitizPower intends to grow beyond these core ventures
because it believes that it can provide opportunities for more growth, not just
in a financial sense, but also in a type of growth that can help drive the whole
of society forward.

Let me share with you, dear reader, the idea of creative destruction. Creative
destruction argues that innovation and technological change can lead to the
destruction of existing industries, firms, jobs, and conventional ways of doing
things. As an example: when Thomas Edison introduced electrical lighting to
displace gas-powered lighting in 1882, rendering the latter almost obsolete in a
few decades time.

Today, technological disruption, demographic shifts, and climate change are
among the global megatrends that we can already feel and observe. Instead of
just being carried by the wave, AboitizPower intends to ride it. By being more
of a catalyst of creative destruction as opposed to being its mere observer, the
company can come out a more proactive, agile, and data-driven enterprise that
can change with the times, when needed; maybe even, in some cases, be the active
driver of change itself. While growing beyond the core doesn’t promise “million
dollar ideas”, we believe that it is the exercise and mindset that will help us
do things better and make the business sustainable and more relevant to society
for the years to come.

In a way, starting a series of articles with Chords is my own personal growth
beyond the core since I’m not necessarily a writer. By profession, I am actually
an engineer. But I have come to realize the importance of the written word. A
platform like this is an effective means for institutions like AboitizPower to
articulate its ambitions and foster greater understanding with the businesses
and communities it serves, especially in today’s age of heightened connectivity.
I intend to use it to disrupt, challenge, and then share my thoughts, hoping to
spark deeper conversations about the Philippine energy sector. Together, let us
consider the possible consequences — the optimistic and the not so optimistic —
of the systems and technologies we are currently trying to build. With that, I
hope to see you in the next editions of Chords.


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

This piece was originally published in the Manila Bulletin on November 10, 2023
as the first installment of AboitizPower President and CEO Emmanuel V. Rubio's
monthly column "Chords".

Chords is the monthly column of Emmanuel V. Rubio — biker, music lover, and
President and CEO of AboitizPower. Under his leadership, the company pursues
significant growth in its generation portfolio, aiming for a 50:50 balance
between its renewable and thermal capacities. Chords references Manny’s passion
for playing the guitar and how the combination of notes & the subtleties of
strumming produce unique melodies when the sounds of individual strings are
blended together, much like the elements of industry, corporations, and life.

 *

On mobile energy storage and the idea of creative destruction

Jade Hazel Chiu

The overall residential power rate of Davao Light and Power Co., Inc. (Davao
Light) has decreased from P9.21 last month to P9.12 per kilowatt-hour (kWh) this
November. This translates to P18.98 difference from the previous billing of
households whose average monthly electricity consumption is 200 kWh. This rate
applies to bills received from November 11 to December 11, 2023.




The reduction is attributed to the decrease in power supply prices from both the
Philippine Wholesale Electricity Spot Market (WESM) in Mindanao and a coal power
supplier, from which the company sources a portion of its power requirement.
Despite this, Davao Light reiterates that market prices are volatile thus
changes in the power rate are expected every month.




Moreover, the distribution utility reminds customers to properly manage their
energy consumption, especially now that it is the holiday season. During this
period, people decorate their homes with Christmas lights and other electrical
decorations, and they hold gatherings at home leading to higher usage of
electrical devices and appliances. These contribute to higher power consumption
and consequently higher monthly bills.




“Aside from the power rate, another important factor that contributes to our
monthly bill is our energy consumption”, said Fermin Edillon, Davao Light
Reputation Enhancement Department Head. “While the power rate remains beyond our
control, our ability to regulate and manage our power usage also dictates
whether our electricity bill will be high or low,” Edillon added.




There are several simple ways to conserve power at home and one is to make a
habit of unplugging unused electric appliances that act like energy vampires,
sucking power even when they are not in use. Davao Light also reminds its
customers to lessen the number of hours or days used for a particular appliance.
By using them for shorter durations or less frequently, one can reduce energy
consumption.




Davao Light customers can check the power utility’s official Facebook page for
more energy conservation tips, and www.davaolight.com for the complete November
rates.




Davao Light, an AboitizPower subsidiary, is the third largest privately-owned
electric distribution utility in the country in terms of customer size and
annual kWh sales. Its franchise area covers the cities of Davao and Panabo and
the municipalities of Carmen, Dujali, and Sto. Tomas in Davao del Norte, with a
population of approximately 2.23 million and a total area of 3,561 sq. kms.

Power rate down this November 2023

AboitizPower, WalterMart renew retail energy supply partnership. Aboitiz Power
Corporation (AboitizPower), through its subsidiary Adventenergy Inc. (ADVENT),
recently secured a long-term retail energy supply deal with WM Shopping Center
Management Inc. (WMSCMI) — the developer of the WalterMart community mall chain
— to power 26 of its facilities spread around Luzon. The partnership between
AboitizPower and WMSCMI began in 2017 when the former delivered reliable power
supply to four facilities of the latter. In the following years, AboitizPower
began supplying electricity to more WalterMart facilities, supporting its growth
in the retail industry. In support of Open Access, AboitizPower’s retail
electricity services gives its partners and customers affordable access to
dependable power via tailor-fit energy solutions, power quality and efficiency
audits, and other value-added services. Photo shows (L-R) AboitizPower Senior
Assistant Vice President - Retail Sales Gina Camacho-David, AboitizPower Retail
First Vice President James Byron Yu, AboitizPower Senior Vice President -
Commercial Business Unit Sandro Aboitiz, WMSCMI Chairman Abraham Uy, WMSCMI Vice
President - Head of Corporate Engineering Ricardo Santos, and WMSCMI Vice
President - Operations Engineering Walter Gabriel.

AboitizPower, WalterMart renew retail energy supply partnership

Aboitiz Family & Firm Educational Series
Elon Musk
By Walter Isaacson



Enrique Aboitiz Mendieta

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



There will be much of Elon Musk's form that will be used to try to put aside the
basic ingredients for his success. We tend to do that when we are not willing or
able to emulate these ingredients.

For those that are Never Good Enough disciples, do read this book. There is so
much there that can make us very much more successful. The portion of the
Algorithms is particularly eye opening.

He was hardwired for War.

He felt that all feedback was impersonal. You criticize the action and not the
person. Physics does not care about hurt feelings. It cares if you got the
rocket right. It got me thinking about those of us that fly. Do we want Boeing
to engine performance second to someone getting hurt feelings?

He had a mania for requirement. Delete them. If you have not had to add after
you deleted, you have not deleted enough. We do not like bureaucracy when we are
the recipients but we add it when we are the deliverer?

He thinks that sending manufacturing abroad resulted in Americans losing the
feel for improvements. Designing the factory that makes the products helps you
understand and improve the product.

He shared with Jobs that design was the soul expressed in its outer layers,
hence, what Apple give us in combining the engine with aesthetics.

I enjoyed this one. Optimism, Pessimism, ffff that. MAKE IT HAPPEN.

His and Jobs’ rough, demanding style separated the A players from the Fuzzy
Thinkers. They did not belong together.

YOU CANNOT TELL PEOPLE TO GET THEIR SHIT TOGETHER AND THEN WHEN THEY DO NOT GET
THEIR SHIT TOGETHER NOTHING HAPPENS...Without accountability, how do we move
forward?

THE MISSION IS MORE IMPORTANT THAN INDIVIDUAL SENSITIVITIES.

QUESTION EVERYTHING...

The book is long. Walter Isaacson creates a wonderful journey of learning how
these unique individuals get so much done. They will not accept “no” for an
answer. Only the rules of physics count, as the rest of the rules are
suggestions.

Endika Aboitiz

Mission Over Sensitivities

Aboitiz InfraCapital (AIC), the infrastructure investment and development arm of
the Aboitiz Group, won a Silver Stevie® Award in the Fastest Growing Women-led
Company of the Year category in the 20th annual Stevie Awards for Women in
Business.
The Stevie Awards for Women in Business honors the achievements of women
executives, entrepreneurs, employees, and the companies they run worldwide.  The
Stevie Awards have been hailed as the world’s premier business award. Nicknamed
the Stevies for the Greek word for “crowned,” the awards were presented to
winners last November 10 during a gala event attended by nominees and their
guests at the Marriott Marquis Hotel in New York City.  The event was also
broadcast via Livestream.

A key player in nation building, AIC is committed to its purpose of enabling
businesses and uplifting communities through smart and sustainable
infrastructure projects. Behind AIC’s dynamic growth is the visionary leadership
of its female President and Chief Executive Officer (CEO) Cosette Canilao.

> We are honored to have been recognized by an international organization such as
The Stevie. More than just a recognition of our growth over the years, this
accolade is a celebration of the relentless hard work and unwavering dedication
of our team. It also serves as a testament to the significant contributions of
women – who occupy several key leadership roles in AIC  – in transforming the
infrastructure landscape.

—Cosette Canilao, President & CEO, AIC
AIC Team Leaders are dedicated to making more things happen for Aboitiz
InfraCapital. They are steadfast in their commitment to enabling businesses and
uplifting communities by advancing smart and sustainable infrastructure
projects.The esteemed panel of judges from across industries and countries have
recognized AIC’s significant contribution to the Aboitiz Group’s Great
Transformation journey, helping drive  the Aboitiz Group's pursuit of becoming
the Philippines' pioneering Techglomerate. AIC's exceptional performance in 2022
was propelled by groundbreaking and strategic initiatives, including the
partnership with EdgeConnex for data center development and its successful
closure of the landmark deal with GMR and Megawide for the operations and
management of the award-winning Mactan-Cebu International Airport. The expansion
of  AIC Economic Estates’ footprint while championing sustainability in its
operations, the growth of Unity Digital’s telecommunications infrastructure,
consisting of towers and small cell poles, as well as the ongoing transformation
of AIC’s water businesses, have also been integral to the organization’s
success.

With this recent accolade, the company is set to further its impact and continue
paving the way for more inclusive and sustainable development in the
Philippines. Recently, AIC has also scored two Asia CEO Circle of Excellence
Awards for the Sustainability and Woman Leader of Year categories.

Retail partnership signing. Representatives from the two companies led by (L-R
seated) AboitizPower Senior Assistant Vice President Gina Camacho-David,
AboitizPower Senior Vice President Sandro Aboitiz, NoBia, Inc. President
Cristina Garcia, and Max’s Group President and CEO Robert Trota.Aboitiz Power
Corporation (AboitizPower) renewed its retail electricity supply partnership
with NoBia Inc., the commissary of the Max’s Group, the country’s largest casual
dining restaurant company known for Max’s Restaurant, Pancake House, Yellow Cab
Pizza Co., and Krispy Kreme.

AboitizPower agreed to supply 1,200 kilowatts to NoBia, Inc.’s food
manufacturing and distribution center in Carmona, Cavite for the next four
years. The facility produces almost 2,000 metric tons of food each month,
supporting over 300 retail partner stores, as well as a local network of more
than 600 stores in the country. NoBia, Inc. had its first contract with
AboitizPower in November 2021.

In support of Open Access, AboitizPower’s retail electricity services gives its
partners and customers affordable access to dependable power via tailor-fit
energy solutions, power quality and efficiency audits, and other value-added
services.

“Our partnership with AboitizPower mirrors our brand values [of being] genuine,
thoughtful, and delightful. Leveraging on AboitizPower's renewable energy not
only allows us to serve countless Filipino individuals with our culinary
offerings but also adds significant value to the Max's Group's mission,” said
NoBia Inc. President Cristina Garcia.

“No Bia Inc.'s dedication to evolving their menu offerings and enhancing their
capabilities illustrates their unwavering commitment to leading the way in
service excellence in food manufacturing and distribution. It is AboitizPower’s
privilege to support that with the clean and reliable energy it can and will
deliver,” said AboitizPower Retail Head James Byron Yu.

In line with the Philippine government’s goal of having a 35% and 50% share of
renewable energy in the country’s power generation mix by 2030 and 2050,
respectively, AboitizPower will continue to invest in renewables en route to
reaching at least 4,600 megawatts (MW), or 50% of its generation portfolio by
the next decade. Currently, close to 1,000 MW of AboitizPower RE projects —
including wind and solar farms and more geothermal capacities — are in the
pipeline.

AboitizPower and NoBia Inc. sign retail energy partnership

The scenic town of Banaue, Ifugao is home to ITALIANA, an association dedicated
to food processing who recently became a beneficiary of an oven donated by
AboitizPower subsidiary SNAP-Magat.In the scenic landscape of Banaue, Ifugao,
where time-honored traditions merge with contemporary challenges, a group of
enterprising farmers formed "ITALIANA" — a small food processing association
with dreams as vast as the rice fields that stretch before them.

These dedicated farmers once grappled with the limitations of traditional
methods and scarce resources. But thanks to Aboitiz Power Corporation's
(AboitizPower) support through its unit SN Aboitiz Power-Magat (SNAP-Magat),
their story has transformed into a testament of resilience, collaboration, and
shared prosperity.

Noemi Thomas, ITALIANA’s president, recalls those early days, when they had to
exercise costly patience in waiting for their products to dry.

“Noong wala pang tulong ang AboitizPower, mahirap dahil kailangan naming
maghintay talaga ng tatlong araw (Before AboitizPower provided assistance, it
was difficult because we had to wait for three days),” she said. “At noong wala
pa ‘yung oven, sayang ang mga araw na sana’y nakakapag-produce na kami.
Nasasayang ang oras namin sa paghihintay na ma-dry ‘yung mga produkto (When the
oven was not yet available, we wasted days that could’ve been used for
production. We wasted time waiting for the products to dry).”

Little did they know that their patience would soon be rewarded with the
generosity of a much needed helping hand.


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

Timely assistance

In January 2022, AboitizPower stepped in to offer support through SNAP-Magat’s
“Partnership in Uplifting Upland Natural Resources, Livelihood, and Assets”
project, or PUNLA. This collaborative effort with the provincial government of
Ifugao held the promise of nurturing the land and the livelihoods of its
inhabitants — bringing a renewed sense of hope to the community.

PUNLA's initiative was multifaceted, embracing sustainability, supporting
agricultural production, enhancing harvest processing, and creating pathways for
livelihood opportunities in the province.

Much like its English translation ‘seedling,’ PUNLA promises to grow even more.
Hopefully, from this milestone will also come livelihood and enterprise
development opportunities for the communities within the watershed throughout
the rest of the project's implementation," said SNAP-Magat President and CEO
Joseph S. Yu.

SNAP, beyond championing renewable energy, embodies a mission to empower
Filipino communities, promote self-sustainability, and improve lives so that
more families can have a brighter and more resilient future.


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

Beyond business

ITALIANA constitutes four sitios where its members hail from — Itanungon,
Talboc, Ibayong, and Awaan. ITALIANA is more than just a business; it is a
tightly knit family, where the bonds of camaraderie extend far beyond its
association members, reaching out to embrace the surrounding communities.

For Noemi and other members, ITALIANA inspired them to explore untapped
potential and venture into new enterprises.

“'Yung ibang members namin, gusto nila dati na tumutulong-tulong lang pero noong
natuto na sila, nakakapag work na sila sa baking (Some of our members used to
prefer just helping out, but when they learned, they are now capable of working
in baking)," Noemi shared.

Efficiency and productivity soared for ITALIANA with the new oven, as it reduced
their previous three-day drying period for produce like turmeric and ginger to
just 30 minutes. This newfound efficiency led to increased production and
income. The hours previously wasted from waiting now turned into productive
moments of finding ways to further explore new product lines.

Elsie Kimmayong, the association's treasurer, expressed gratitude for the
blessing the oven brought to their lives. “Simula noong naging beneficiary kami
ng PUNLA, mas kaunti ang nasasayang na oras at mas maraming bagay ang aming
nagagawa (Since becoming a beneficiary of PUNLA, less time is wasted, and more
tasks are accomplished)," she said.

Soon, members of ITALIANA found that time was no longer an “obstacle” but a
valuable “ally.” Time is now used efficiently. With this, they witnessed a
significant increase in their income, which supported daily expenses and
improved their quality of life.

“Kumpara noon, mas malaki na ‘yung nadadagdag sa aming kita at ‘yung kinikita ay
ginagamit sa daily expenses lalo na sa kusina (Compared to before, there's a
significant increase in our income, and what we earn is used for daily expenses,
especially in the kitchen),” Elsie explained.


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

Harvest of opportunities

With gratitude, Elsie pledged that ITALIANA will take care of their plantation
and oven as an expression of their appreciation for SNAP's unwavering support
that has brought tremendous positive change in the lives of their people.

“Nawa’y ipagpatuloy pa nila (SNAP) ang ginagawa nila na ganitong programa dahil
sila ay lumalapit at talagang tinutulungan ‘yung mga tulad naming nasa laylayan
at malalayong lugar (I hope SNAP will continue with this program because these
really reach us and genuinely help those like us in the marginalized and rural
areas),” Noemi said.

The story of ITALIANA demonstrates how sustainable forms of support can bring
about positive change in communities. With the power of collaboration, it’s now
time for the farmers of ITALIANA to reap a bountiful harvest!


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

This article was written by Angelo A. Sanchez for Manila Bulletin.

In Photos: Synergy, Collaboration, and 2024 Vision
Read full story

AEV Recognized with KAISA Star Seal for Exemplary Workplace Management
Read full story

Aboitiz InfraCapital wins Silver Stevie Awards for Women in Business 2023
Read full story

The Great Transformation Surges Ahead With 2024 Goals
Read full story

In Photos: Synergy, Collaboration, and 2024 VisionRead full story

AEV Recognized with KAISA Star Seal for Exemplary Workplace ManagementRead full story

Aboitiz InfraCapital wins Silver Stevie Awards for Women in Business 2023Read full story

The Great Transformation Surges Ahead With 2024 GoalsRead full story

In Photos: Synergy, Collaboration, and 2024 Vision
Read full story

AEV Recognized with KAISA Star Seal for Exemplary Workplace Management
Read full story

Aboitiz InfraCapital wins Silver Stevie Awards for Women in Business 2023
Read full story

The Great Transformation Surges Ahead With 2024 Goals
Read full story