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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

Aboitiz Group Joins Global Efforts To #BeatPlasticPollution On World Environment Day 2023

Why Dave Wants To Hack Lima Water

Ready, Set, Agile!

Data Science and AI

Tone From The Top: Fresh Data Privacy Perspectives and Insights From ADI's CEO David R. Hardoon and Other Top CEOs

Aboitiz Group Advisory to External Stakeholders regarding COVID-19

2019 Bankers’ Night

2019 Brigada Eskwela Cebu

Aboitiz Eyes

Aboitiz Family & Firm Educational Series


GOOD STRATEGY – BAD STRATEGY
The Difference and Why It Matters
by Richard Rumelt


Enrique Aboitiz Mendieta



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Dear All!

Another manual on what effective strategy is!

The Kernel: Diagnosis + Guiding Policies + Coherent Action



All the Best!


Endika





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Listen to this book on Audible
[https://www.audible.com/pd/Good-Strategy-Bad-Strategy-Audiobook/0593162927].



Disclaimer: The Aboitiz Eyes team is not affiliated with any company or product
mentioned in this content, and does not receive any compensation or financial
benefit from the inclusion of product links. The links provided are for
informational purposes only and are not endorsements.


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

On Good And Bad Strategy

Bobby Orig's Book Digest: Impact Players

DIGITAL PROGRESS. Globe Telecom President and CEO Ernest Cu (left) shakes hands
with Aboitiz Group President and CEO Sabin Aboitiz after signing the contract,
representing a solid commitment to cooperation, digital progress, and
strengthening the future of the Philippines.On Monday, June 5, the ceremonial
signing of the sale and leaseback agreement entered into recently by Globe
Telecom and Unity Digital Infrastructure (Unity), a joint venture between
Aboitiz InfraCapital and Partners Group, a leading global private markets firm,
was held at the Globe Tower in BGC, Taguig City. Under the agreement, Unity will
acquire 447 Globe telecom towers in Luzon.

The signatories of the Tower Sale and Leaseback Agreement Contract. In photo
(from left): Globe Telecom Vice President for Corporate Strategic Asset Manager
Benjamin Garcia, Globe Telecom Chief Compliance Officer and Senior Vice
President of Labor and Compliance Marisalve Co, Globe Telecom President and CEO
Ernest Cu, Aboitiz Group President and CEO Sabin Aboitiz, Aboitiz InfraCapital
President and CEO Cosette Canilao, Partners Group Senior Investment Leader -
Private Infrastructure Jansen Ang, and Partners Group Lead Asset Manager Andrew
Wagner.

Infrastructure

Unity and Globe Ceremonial Signing

For property seekers in the post-pandemic era, this is the ultimate guide to
knowing why now is the best time to invest in residential land.

In 2022, the Philippine economy experienced its strongest growth rate in over 40
years, providing a significant boost to the real estate market and presenting a
promising opportunity for investors. The robust economic performance not only
reflects a positive economic cycle but also signals a favorable environment for
real estate investment.

Despite inflationary pressures and global slowdown concerns, residential
property prices demonstrated remarkable resilience, indicating the market's
potential for profitability.

According to a study by Colliers, the substantial inflow of remittances in the
Philippines in 2022 amounting to USD 32.7 billion not only supports household
spending but also drives demand for residential properties, offering stability
and fueling economic activity in the real estate sector.

Furthermore, the anticipated return of tourism, with airlines aiming to restore
pre-pandemic capacity by March 2023, presents a lucrative prospect for leisure
property owners.

These developments make the Philippine real estate market an attractive and
rewarding investment destination for investors seeking growth and stability.

Aboitiz Land’s residential developments are strategically situated in regions
outside of the metro, and are in high demand, presenting excellent opportunities
for investment and growth in the real estate market.

With the Philippine government's focus on attracting large investments in
infrastructure, the outlook for the real estate market points towards continued
growth. Php 75 billion worth of infrastructure projects are scheduled for
completion in 2023 to support the economy.

Land in the middle of the infrastructure and growth center booms in Central
Luzon
The Department of Trade and Industry (DTI) is promoting Central Luzon as a
manufacturing and logistics hub. Its infrastructure and emerging growth centers
are set to benefit Ajoya communities in Pampanga, Tarlac, and Nueva Ecija.

New infrastructure developments have increased accessibility to the region,
making it a great opportunity for homebuyers looking for a profitable real
estate investment. The Metro Manila Skyway Stage 3 and Southeast Metro Manila
Expressway have greatly reduced traffic congestion, while the Central Luzon Link
Expressway and Tarlac-Pangasinan-La Union Expressway provide better connectivity
to different provinces in the region.

The NLEX Harbor Link Segment 10 and the NLEX-SLEX Connector Road also offer
easier access to key economic zones and business districts in the country.
Meanwhile, the development of the Clark International Airport and the upcoming
Bulacan Airport offers more options for domestic and international travel. New
Clark City and Northwin Global City will also provide new opportunities for
business and tourism in the region.

Ajoya communities are located in key areas in Central Luzon - Pampanga, Tarlac,
and Nueva Ecija.

Ajoya Cabanatuan and Ajoya Capas have experienced significant value appreciation
of up to 160% and 77%, respectively, since their launch in 2018, while Ajoya
Pampanga, launched in 2019, has also seen a 90% increase in value.

Monthly payments start at Php 6,800 monthly for Ajoya Capas, Php 4,600 monthly
for Ajoya Pampanga, and Php 3,600 monthly for Ajoya Cabanatuan.

Land urban and rural living in South Luzon
South Luzon is consistent in attracting property buyers as it becomes even more
accessible for property seekers from Metro Manila. Its close proximity to the
metro lets residents have the hustle and bustle of urban life while they enjoy
the captivating sceneries of rural life. The Bataan-Cavite Interlink Bridge is a
massive infrastructure project that connects the provinces of Bataan and Cavite,
reducing travel time and facilitating trade and commerce between the two
provinces. Another notable infrastructure project in South Luzon is the
SLEX-NLEX Connector Road which offers a faster and more convenient way to travel
to key destinations in South Luzon, including Batangas, Laguna, and Quezon
provinces.

A notable trend in South Luzon is the increasing demand for leisure properties.
As more individuals seek recreational and tourist destinations in this region,
leisure properties are experiencing a surge in popularity.

This presents a promising opportunity for investors to capitalize on the growing
demand for Seafront Residences, our exclusive beachfront community in San Juan,
Batangas.

Seafront Residences is a 43-hectare development in San Juan, Batangas that
offers first-class amenities including a BUDJI+ROYAL-designed clubhouse, a
magnificent pool, and an iconic parola.

Awarded as the 2021 Best Housing Development in the Philippines by the
Philippine Property Awards,  this vibrant community for a bespoke seaside living
offers lots from 200 sqm to 500 sqm. With over a 381% increase in property value
since 2017, a property at Seafront Residences is a guaranteed great investment
for the family and future generations.

Meanwhile, Lipa as a real estate destination is evident as it drives nearly
one-third of property inquiries in Batangas. The majority of these leads
originate from the CALABA (Cavite, Laguna, and Batangas) region and Metro
Manila, indicating a strong interest in the area. At Lipa, the Aboitiz-owned
LIMA Estate is Batangas’ first integrated Central Business District that
encompasses industrial, residential, and commercial components. Serving as its
residential component is The Villages at Lipa.

Property seekers can visit The Villages at Lipa’s Model Village with signature
Aboitiz Land features such as open spaces and greenbelts. Here, they can have an
immersive experience in the model units.

The Villages at Lipa is the sprawling 49-hectare residential enclave within LIMA
Estate. It comprises three unique villages — Brook, Sierra, and Meadow.

Brook Village is recommended for growing or upgrading families and booming
professionals. Sierra Village is for older families looking to move into bigger
homes as it offers bigger houses and lot cuts with a range of 3 to 5 bedrooms,
maid’s quarters, and carport provisions for up to 2 vehicles.

Meadow Village is the third village and the most premium development within The
Villages at Lipa that is poised to have more open spaces, and wider road
networks, in a more sustainable and less dense community. With lots as expansive
as 1,500 sq.m., Meadow Village makes a perfect address for a future home, an
investment piece, or an heirloom piece at one of the most sought-after addresses
in the South.

Monthly payments for Sierra and Brook Villages start at Php 10,000 per month
while value appreciation has increased up to 118% since launch in 2019. The
average lot sizes are 147 sqm for Brook and 282 sqm for Sierra. Meadow Village,
the third and most premium residential area launched in 2022 features premium
residential lots up to 1,500 sqm, and investments start at Php 38,700 per month.

Land wide open spaces in Cebu’s growth centers
For Visayas and Mindanao, Cebu City has emerged as a sought-after location as
one of the top-searched locations for property seekers who are looking for
regional administrative centers. With plans for infrastructure projects in 2023
worth over one billion, Cebu is set to benefit property developers and
investors. Hence, as it is known for its thriving real estate market, Cebu
continues to enjoy high demand, particularly with its ongoing infrastructure
projects.

Our properties in Cebu such as Priveya Hills, Pristina North, Foressa, and Amoa
are poised to benefit from these infrastructure developments. The combination of
Cebu's robust demand and planned infrastructure enhancements presents a
favorable environment for investment and growth in the real estate market.

Priveya Hills is a premier and exclusive countryside address in the northern
valleys of Talamban which can be found within Cebu City.

Priveya Hills is a private neighborhood for those who value a prime investment,
it features wide-open spaces for low-density living with only 11 lots per
hectare and 3 hectares of landscaped terrain. The average price per square meter
at Priveya is Php 28,780 and the value appreciation is at 282% since its launch
in 2014.

Pristina North is one of the largest high-end communities in Talamban.

Occupying 32.5 hectares of modern convenience blends with a distinct sense of
place in Pristina North. This exclusive neighborhood embraces the essence of
Filipino Asian Contemporary Architecture, seamlessly integrating traditional
Filipino elements and patterns into its design to meet the needs of today's
discerning residents. The average price per square meter at Pristina is Php
48,813 and the value appreciation is an impressive 566% since its launch in
2003.

At Foressa Mountain Town, nature is its greatest amenities with large areas of
adventurous terrain, lush forests, and freshwater.

Foressa Mountain Town, located in Balamban, Cebu, is a tranquil community
nestled in the mountains of Cebu. With a commitment to preserving the natural
beauty of the area, it is an ideal place for nature lovers looking to do
recreational activities like hiking, biking trails, and camping.

Large-cut premium lots range from 477 sqm to 770 sqm and investment starts at
P10.8M. Perfect for families and friends, it's a great place to live if you're
looking for peace and quiet away from the city.

Amoa, located in Compostela, Cebu, is Aboitiz Land’s most sought-after
highly-amenitized development in the North of Cebu.

Amoa's 60-hectare master-planned community is an ideal place to call home that
offers a wide range of amenities such as a clubhouse, multi-purpose court,
pools, parks, and playgrounds. The average lot cut for residential lots at Amoa
is 120 sqm, priced at Php 18.4k per month. Since its launch in 2015, it has seen
an increased value appreciation of 288%.

Land better ways to live in an Aboitiz Land community
Aboitiz Land, with more than 25 years of expertise, has built residential
communities near emerging growth centers and with close proximity to
infrastructure developments  in Central Luzon, South Luzon, and Cebu.

With a proven track record in enhancing the value of land,  these communities
offer a peaceful environment away from city congestion, while remaining easily
accessible through well-established road networks.

Aboitiz Land aims to enhance the living experience for homeowners by providing
homes, open spaces, greenbelts, pocket parks, and curated amenities.

By digitizing its sales and marketing procedures, Aboitiz Land offers an
end-to-end digital homebuying experience that provides transparency in
construction progress and house payments through its Vecino App.

Invest in an Aboitiz Land residential lot now to avail of low monthly
amortization. Grow your investment portfolio now.

Know more about your investment options at our event happening in June. Be one
of the first to discover how our residential lots can help you land the future
you deserve and pre-register at bit.ly/LandYourFuture2023
[http://bit.ly/LandYourFuture2023].

Stay tuned for more updates and exciting news on the upcoming event at 
facebook.com/AboitizLand.Inc [https://www.facebook.com/AboitizLand.Inc] and 
aboitizland.com [https://aboitizland.com/].

Land

Land Your Future In Residential Lots

On June 5, the United Nations’ (UN) World Environment Day, the Aboitiz Group
proudly demonstrates its commitment to global sustainability efforts by
highlighting its groundbreaking innovations in the fight against plastic
pollution. With this year’s theme of #BeatPlasticPollution, the Aboitiz Group
supports effective action and a transition towards a circular economy to address
global environmental challenges. According to the UN Environment Programme
(UNEP), by shifting to a circular economy, the inflow of plastics into the ocean
can decrease by more than 80 percent by 2040, reduce greenhouse gas emissions by
25 percent, and even generate 700,000 job opportunities.

The Group aims to accelerate progress and inspire others to take bold steps in
combating plastic pollution. At the heart of the Aboitiz Group’s operations lies
the OneNewAboitiz Sustainability Synergy, guiding the Group toward innovative
practices and technologies.  The Aboitiz Group's sustainability achievements
work towards the worldwide sustainable development agenda, aligning with the UN
Sustainable Development Goals (SDGs). By pushing the boundaries of innovation,
the Aboitiz Group tackles pollution challenges with effective solutions. Through
these dedicated initiatives and actions, the Aboitiz Group demonstrates its
unwavering commitment to sustainable development and actively contributes to the
attainment of several SDGs. These include SDG 12 (Responsible Consumption and
Production), SDG 13 (Climate Action), SDG 14 (Life Below Water), and SDG 15
(Life on Land). The Group's efforts specifically focus on promoting responsible
consumption and production, taking action against climate change, safeguarding
marine ecosystems, and preserving terrestrial biodiversity.

Reimagine Seaweed
As the Group undergoes its Great Transformation to become the Philippines’ first
Techglomerate, it is taking an innovative approach to #BeatPlasticPollution,
reimagining the world in terms of possibilities and opportunities. With the
growing interest in using seaweed as an alternative to single-use plastic,
leaders within the Aboitiz Group are working on the Reimagine Seaweed
initiative, set to transform the seaweed industry of the Philippines. The
initiative is holistically designed to create a sustainable and profitable
seaweed industry that provides livelihoods to farmers, promotes biodiversity,
reduces plastic pollution, and mitigates the effects of climate change.

According to the Food and Agricultural Organization (FAO), the Philippines is
the fourth-largest producer of seaweed globally, supporting 1.4 million seaweed
farmers. Under Reimagine Seaweed’s three-pronged strategy, seaweed farmers are
taught better farming techniques and are introduced to green technology that
will expand their product range to potentially include bioplastics, protein
powder, cosmetics, and health supplements. Within the next five years, the
Aboitiz Group and the Reimagine Seaweed team aim to reduce single-use plastics
in the region through the production of biodegradable and compostable packaging
made from seaweed.

This game-changing initiative is making progress towards improving the lives of
seaweed farmers, bringing world-class green technology to the local industry,
and eliminating single-use plastics in Asia and beyond. By leveraging a renewed
entrepreneurial mindset and the latest technologies, the Aboitiz Group tackles
global challenges with innovative approaches that advance the business and
communities they serve. On the road to ending plastic toxicity, they are also
opening up an ocean of opportunity with Reimagine Seaweed.

Plastic Neutrality
> By integrating plastic waste into the cement manufacturing process, Republic
Cement successfully offset its plastic packaging footprint for 2020 to 2022,
equivalent to co-processing over 890 dump trucks filled with plastic waste.
Republic Cement, a CRH-Aboitiz company, pioneered the use of alternative fuels
through co-processing in the Philippines. The process involves the reuse and
recovery of thermal and mineral properties of qualified waste materials as
alternative fuels, allowing Republic Cement to reduce dependence on fossil fuels
and minimize environmental impact. The firm uses residual plastic waste,
including rejected plastic bottles, styrofoam, tarps, single-use plastic
containers and utensils, sachets, shopping packages, and other soft plastics, as
alternative fuels.

In August 2022, Republic Cement achieved a significant milestone in becoming
plastic-neutral. Through its resource recovery group, ecoloop, the company
collected and co-processed an equivalent volume of residual plastic waste used
in the packaging and transporting of its cement products. By integrating plastic
waste into the cement manufacturing process, Republic Cement successfully offset
its plastic packaging footprint for 2020 to 2022, equivalent to co-processing
over 890 dump trucks filled with plastic waste.

Republic Cement also supports numerous manufacturers to reach their plastic
neutrality goals and be more responsible corporate citizens and stewards of the
environment.

Upcycled Plastic
CitySavings partnered with Envirotech Waste Recycling, Inc. (Envirotech) to
upcycle plastic waste into classroom essentials: school chairs. In support of
the Department of Education (DepEd) Matatag agenda to supplement basic education
facilities and services, CitySavings donated 50 plastic chairs made of upcycled
waste plastic to Kapitan Tomas Monteverde Sr. Central Elementary School in Davao
City and Tunasan National High School in Muntinlupa City.

Furthermore, the construction arm of the Group, Aboitiz Construction, has been
implementing its policy against single-use plastics across all projects and
facilities since last year. The implementation resulted in a 14.60% reduction of
plastic wastes from 2022 to 2023. This initiative is anchored to the firm’s
commitment and compliance to ISO 14001: 2015 (Environmental Management System).
This year, as part of its continual improvement plan, Aboitiz Construction will
be improving their standard MRF (Materials Recovery Facility) across its project
sites to improve its system on waste segregation and disposal.

With our A-People remaining at the very heart of the Great Transformation,
having the right mindset and skills with a greater focus on building
capabilities is crucial to propel our techglomerate ambition. Aboitiz Eyes
continues to highlight the vibrant initiatives of the GT Culture Tribe,
empowering their competitive edge in an ever-changing landscape.

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

The GT Culture Tribe officially kicked off GT Hackathon, co-presented by
UnionBank's UBX, the Philippines’ leading open finance platform, and Google. The
goal is tap into A-People's innovative potential, foster collaboration, and,
ultimately, actively contribute to the Aboitiz Group’s transformation journey.

The first leg of this series was held at Google's Manila headquarters in
Bonifacio Global City with Aboitiz team members coming from Aboitiz Equity
Ventures, Aboitiz InfraCapital, 1 Food Group, Aboitiz Construction,
AboitizPower, and UnionBank and the Banking group.

The introduction of design thinking concepts and 10x thinking provided a
framework for participants to define and visualize their ideas effectively. This
approach sparked over 65 innovative ideas that spans culture, well-being,
processes, collaboration, hybrid workplace, security, and data.

Their dynamic creative spirit helped the teams develop six prototypes that
progressed to the second day of the GT Hackathon, held on June 2 at The
Satellite in LIMA. Here, they worked on actual solution development using the
no-code platform Google AppSheet.

For Dave Agojo and his team at LIMA Water Corporation, the GT Hackathon was an
exciting journey that can transform their goal of building a cutting-edge
platform into a tangible reality:

At LIMA Water, our objective is to enhance the efficiency of work or job orders
by implementing a platform called Work Order Management System. This aims to
streamline tracking and approvals, ultimately reducing turnaround time. Our
vision is for this platform to become encompassing across all units and ensure
comprehensive integration throughout the organization.

Aside from online tracking and easier monitoring capabilities, we also want to
address the issue of check and balance. We want to establish a transparent
system that involves multiple stakeholders in the process, assuring fairness and
accuracy in handling work orders.

This platform is not only a game-changer for LIMA Water but also has the
potential to revolutionize the way other service-oriented business units
operate.

> GT Hackathon introduced us to groundbreaking ideas, technologies, and
innovations, that can fuel the Group's ambition to become the country's first
techglomerate. With the company's strong commitment to embracing technology and
fostering our growth, we are excited to become more creative, take risks,
explore new innovative ideas and transform these into reality.

Jade Hazel Chiu

Davao Light is one of the first Philippine-based electric distribution utilities
to be certified with the ISO 55001:2014, an asset management system standard
that aims to check the processes of organizations in effectively managing the
lifecycle of their assets. “This is truly a milestone for AboitizPower,
specifically Davao Light being one of the first distribution utilities in the
Philippines to be certified, we are proud to share this momentous achievement
with them,” said Romero Zamora, Managing Director of DQS in the Philippines,
during the awarding of certificates held in Cebu City on May 30, 2023.

Davao Light underwent a rigorous audit last December 2022 conducted by DQS
Certification Philippines, an external certifying body, thoroughly examining the
company’s processes and operations, both internal and external. “This is another
example of our commitment to our customers and stakeholders; that we are
responsible custodians of our assets to truly drive value for them,” said Anton
Mari Perdices, AboitizPower Distribution Utilities Chief Operating Officer. 

Davao Light also has certifications in ISO 9001:2015 or the Quality Management
System (QMS), ISO 45001:2018 or the Occupational Health and Safety (OH&S)
Management System, and in ISO 14001:2015 or the Environmental Management (EM)
System.

Power

Davao Light among the first Philippine-based electric distribution utilities to receive ISO 55001:2014 certification

We are halfway through Year 2 of the Great Transformation and we are witnessing
the revolution kick into high gear. In this limited series, Aboitiz Eyes
features two new programs that focus on strengthening the competitive advantage
of our A-People both for the now and the fast-approaching future—the Scrum
Chapter and GT Hackathon. After all, building the Philippines' first
techglomerate starts with behaving like a techglomerate. 

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

The GT Culture Tribe recently held a groundbreaking launch event to establish
the Aboitiz Group's own Scrum Chapter. It's designed to foster a vibrant
community of practice by leveraging the principles of Scrum and the philosophy
of Agile, spreading their adoption throughout the entire organization. 

What makes this initiative truly remarkable is that you do not need to be a
scrum master, or have any prior certifications or training in the practice. The
Scrum Chapter emphasizes the importance of a shared interest in learning and the
collaborative spirit of Agile and Scrum. This collective approach to learning
not only fosters personal growth but also serves as a catalyst for cultivating a
culture where knowledge is democratized, enabling everyone to acquire new
skillsets. Let's learn more about it straight from the Food Group's Kevin Veloso
who shares his exciting take on the agile approach unlocks the next level for
A-People.


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When Agile was first opened to me, I was a bit hesitant about the "value" that
it offers. It sounds too time-demanding and not even applicable to my role in
BASCo—Bakery Solutions Company. But when I attended the Agile briefing and
learned the value that it offers, my mindset changed.

I found Agile as a transformative approach that empowers teams to adapt and
deliver value in a rapidly changing world. Team members are given a platform to
openly and freely show their capabilities by creating a borderline between a
traditional approach of doing things to an agile way of working, as it promotes
flexibility, collaboration, and continuous improvement to drive success.

In our squad, the culture of transparency and trust is above all. Regular
meetings like daily scrums and sprint reviews allow us to discuss progress,
challenges, and potential improvements openly. This transparency fosters
accountability, empowers team members to take ownership of their work, and
promotes a collective sense of responsibility for project success.

While Agile offers numerous benefits, it is not a one-size-fits-all solution.
Its success depends on team dynamics, requiring commitment, adaptability, and a
willingness to embrace change. By embracing its principles and values, the
organization can become more responsive, customer-centric, and resilient in an
increasingly dynamic world.

We must remember that the business environment is defined as VUCA—volatile,
uncertain, complex, and ambiguous. What is relevant today may no longer be
suitable the next day; what is applicable now may not be appropriate later. And
to counter such a fast-changing environment, a robust framework for teams to
navigate complexity, deliver value, and foster innovation is needed. Agile is
the key!

Data privacy is a foremost concern that stakeholders need to address in today's
digital age, where data-sharing is as likely to land companies in legal
ramifications as it is to drive business growth. 
National Data Privacy Awareness Week Conference. The esteemed panel, consisting
of top business and tech leaders, delivered insightful thoughts on Data Privacy.
In this context, David R. Hardoon, CEO of Aboitiz Data Innovation (ADI), along
with other esteemed CEOs such as Eugene Acevedo, President and CEO, RCBC, Amit
Jagga, Country Head, Concentrix Philippines, and Kevin Sheperdson, CEO, Straits
Interactive (Singapore), offer a fresh perspective on the importance of
prioritizing data privacy during a discussion session at the National Data
Privacy Awareness Week Conference 2023.

This panel discussion titled "Data Privacy Tone from the Top" highlights how
regulations and technology are evolving rapidly and emphasizes why organizations
must prioritize this crucial topic. The thought-provoking views from the leaders
shed light on the challenges businesses face when it comes to safeguarding
sensitive information and protecting their customers' privacy rights. It was an
incredible opportunity for individuals who wanted to learn more about data
privacy concerns in today's business world. We have curated the latest
highlights of this informative discussion so you can stay informed about this
pressing issue affecting all industries globally.

Indeed, data privacy is a crucial aspect of any organization. Yet it is often
undertaken from a compliance standpoint which enforces rules and regulations
through a ham-fisted approach. However, David offered a different perspective on
looking at data privacy and data protection in an organization. He emphasized
that having robust privacy and data governance programs can enable businesses to
achieve their goals while building trust and reputation. 

Through this approach, key benefits such as enabling data-driven insights,
innovation, competitive advantage, operational efficiency, and stakeholders'
confidence. Additionally, risks mitigation and cost-savings are significant
gains that result from implementing strong data privacy measures. 

ADI CEO Dr. David R. Hardoon shared some crucial information regarding data
privacy.During the session, David provided a unique viewpoint on how to approach
data privacy and protection within an organization. At ADI, we strongly value
the importance of data privacy and have implemented this approach to our
advantage. By prioritizing data privacy, we have been able to protect sensitive
information, increase efficiency, make better decisions, mitigate risks, and
save costs.

As a CEO who understands the importance of data privacy and protection policies
in today's world where information is power; David empowers DPOs by including
them in business objectives which ensures they align with overall strategic
goals of the company. By adopting this approach toward safeguarding sensitive
information against unauthorized access or theft - companies not only comply
with legal requirements but also reap significant benefits for themselves!

Dustin Ibanez

We are Aboitiz InfraCapital. 

We are committed to fulfilling our mission of enabling businesses and uplifting
communities by providing smart, sustainable and future-ready infrastructure
solutions for the country.

With our expertise spanning across four business sectors - Economic Estates,
Water, Digital Infrastructure, and Transport and Mobility - we act as a catalyst
for transformative change, playing a vital role in nation-building.

Aligned with the Aboitiz Group's Great Transformation, we invest in a future
that will improve the quality of life of our fellow Filipinos for the long haul.

#OneInfraCapital [https://www.youtube.com/hashtag/oneinfracapital] 
#OneNewAboitiz [https://www.youtube.com/hashtag/onenewaboitiz] 
#GreatTransformation [https://www.youtube.com/hashtag/greattransformation]

Aboitiz InfraCapital Unveils #OneInfraCapital Corporate Video

Allyson Mae Espaldon

Representatives from the LGU of Carmen, Davao del Norte, and Davao Light
formalize the completion of the Sitio Electrification project in Barangay
Magsaysay with a switch-on ceremony on May 3, 2023.Over sixty households in the
four sitios of Barangay Magsaysay, Carmen, Davao del Norte are now completely
energized as part of the Sitio Electrification Program (SEP) of the AboitizPower
subsidiary, Davao Light and Power Co., Inc. (Davao Light), the Local Government
Unit of Carmen, and the Department of Energy - Region XI.




“We thank Davao Light and the Department of Energy because there won’t be much
progress [in Carmen] without electricity. Every business - whether industrial or
small - needs electricity,” Jerry Nalupa of the local government of Carmen said
in his speech during the switch-on ceremony conducted at the barangay hall last
May 3, 2023.




A resident and also the Head of Barangay Peace and Order, Benedicto Nalzaro,
said that the electrification program helped the residents feel safer in their
homes and community, “Most of the residents in Barangay Magsaysay work in big
companies, banana plantations, and farms, and there is really a big difference
now that the streets are well-lighted. Residents feel more at ease when going to
and from work.”




Nalzaro also added that the energization of their barangay addressed the
technological gap among their students, especially on the use of gadgets and the
internet. “Before, students would need to go to the library or to an internet
shop in the energized parts of the municipality if they needed to research their
assignments. Now, they can use their cellphones and connect to the internet at
home,” Nalzaro said.




“We are really happy that we now have electricity. We feel more at ease in our
homes because it’s well-lighted. There are also fewer power interruptions and
Davao Light is very responsive to our requests. The residents of Barangay
Magsaysay - both young and old - are very happy to have electricity here,”
Nalzaro expressed his gratitude to the power utility.




Salvador Coco, the Barangay Captain of Magsaysay thanked the LGU and Davao Light
for letting the government’s program reach their sitios: Puroks 4A, 4B, 4B -
Area 2.




“Thanks to the support of the LGU of Carmen, we were able to fast-track the
Sitio Electrification Project to three months. That’s how fast electrification
is now,” Engr. Jerome Ryan Deleonio, Head of the Distribution Services
Department of Davao Light said in his speech.




Davao Light has energized sitios since 2018 and has also conducted public safety
campaigns such as electrical safety and conservation tips, including the dos and
don'ts to avoid fire accidents.




Davao Light continues to empower the communities it serves through SEP and other
electrification projects.

Power utility brings light to four sitios in Carmen

Aboitiz Data Innovation (ADI) announced that its joint non-mortgage fintech
lending project with UnionBank and the Smith School of Business at Queen’s
University in Canada on anti-discrimination law, artificial intelligence, and
gender bias was recently listed
[https://ircai.org/top100/entry/how-data-science-and-ai-can-reduce-gender-bias-and-concurrently-increase-profitability/] 
in the Global Top 100 list of Artificial Intelligence (AI) solutions by the
International Research Centre on Artificial Intelligence (IRCAI) under the
auspices of UNESCO.

The Top 100 list is created by IRCAI to scope and showcase effective and
impactful solutions that contribute to the 17 United Nations (UN) Sustainable
Development Goals (SDGs) through the application of AI. IRCAI recognized the
project’s applicability, credibility, and ethics in solving SDG1: No Poverty,
SDG5: Gender Equality, SDG10: Reduced Inequality, and SDG17: Partnerships to
Achieve the Goal, evaluating the research as “excellent”, placing it in the top
30% of projects on the Global 100 list.

> This recognition is yet another milestone achievement for our team. Our study
highlights the importance of addressing gender bias in fintech lending and that
we need to rethink existing anti-discrimination laws that shall be applicable to
AI systems to ensure fairness and equality. We’re proud to have our work
recognized by IRCAI and UNESCO, and with its proven significance for the greater
good, we hope that our findings will contribute to the continued development of
more ethical and inclusive AI solutions.

—Dr. David R. Hardoon, Chief Executive Officer, ADI
Recent studies have shown that the consumer lending market process is stacked
against women and minorities. Recognizing the inequalities and imbalances in
play, ADI carried out the study – based on a use case in non-mortgage fintech
lending – engaging in explainable and responsible AI efforts. The study
investigated whether excluding the use of gender information in assessing
credit-worthiness hurt or helped the groups they are supposed to protect. It
ultimately revealed that using gender-related data results in a significant
decrease in gender discrimination and increased profitability for the firm.

The project serves as a guide in improving anti-discrimination laws to ensure
that Machine Learning (ML) models foster a fairer and inclusive system,
particularly for discriminated groups within the financial services industry,
all the while increasing firm profitability.

> We are honored to be named one of the top 100 international AI solutions for
achieving the 17 SDGs. The result of our study provides a strong basis on
whether the use of protected attributes such as gender data should be allowed in
fintech, particularly credit lending models. To achieve a win-win situation for
both business and communities, it eventually comes down to the responsible
collection and use of gender data where minority groups are treated with
fairness and businesses achieve higher profitability.

—Dr. Adrienne Heinrich, Head of AI and Innovation Center of Excellence, ADI
As AI systems become more complex, achieving transparency, reliability, and
interpretability can be a challenge. ADI has created proper guidelines to ensure
ethical and proper AI use through its Explainable and Responsible AI (XRAI)
Guidelines. The XRAI Guidelines include practical recommendations for leaders,
team members, and stakeholders involved in the development and deployment of AI
systems at ADI. These recommendations cover a wide range of topics, including
data collection and management, model development and testing, human oversight
and control, and the ethical implications of AI. The guidelines are based on
eight main principles—transparency, explainability, repeatability, safety and
security, robustness, fairness, accountability, and human agency and oversight.
Ensuring reliable and responsible use of AI-driven technology is crucial, and
the responsibility falls under businesses to actively address such concerns.
This is a step in the right direction as ADI continues to encourage the
operationalization of responsible AI, as well as promoting trust in the
technology, within and outside the organization.

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