Metro Pacific Investments Corporation (MPIC) ranked first among multi-sector holdings companies in the Philippines and was recognized as an “ESG Industry Top Rated” company by Sustainalytics after receiving an Environmental, Social and Governance (ESG) Risk Rating score of 12.8 as of May 2021. This score places MPIC in the “Low Risk” category of experiencing material financial impacts from ESG factors. The score positions MPIC in the top 4% of companies in Sustainalytics’ Diversified Financials Industry.
MPIC President and Chief Executive Officer Jose Ma. K. Lim said “Throughout our business, we adopt a precautionary approach by implementing cost-effective measures to manage and mitigate ESG risks in accordance with our long-term business objectives. We are grateful for institutions like Sustainalytics that enable us to effectively evaluate our risk management processes and benchmark against global best practices.”
Sustainalytics is a global leader in ESG research covering over 13,500 companies globally. Its ESG Risk Ratings are designed to help investors identify and understand financially material ESG risks and how they might affect the long-term performance for investments.
MPIC was assessed on its exposure to industry-specific material ESG risks and how it is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of an ESG Risk Rating that is comparable across all industries.
“At MPIC, we go beyond mere compliance with regulations and consciously aim to articulate and anticipate risks through strategies that future-proof our operations. We identify the impacts of our activities at an early stage to mitigate any adverse effects. From managing ESG risks and uncertainties, to creating opportunities and a future marked by human progress and inclusion, our work of making everyone’s lives better continues.” said Chaye A. Cabal-Revilla, MPIC Chief Finance, Risk and Sustainability Officer.
“Given the essential nature of the services our companies provide, we have a clear responsibility to foster a culture of sustainability that can create enduring value for our shareholders and society” said Manuel V. Pangilinan, MPIC Chairman. “Our Board and senior management embrace their role in driving MPIC’s long-term direction towards sustainable growth.”
MPIC is committed to helping achieve the 2030 Agenda for Sustainable Development by managing its impacts, improving its performance, and tracking its progress against the 17 United Nations Sustainable Development Goals.