Intensifying corporate climate action; Ayala Corporation bags B Rating from CDP, a first for Philippine companies
Makati, Philippines – January 29, 2020 Ayala Corporation (Ayala) received a B rating from the Carbon Disclosure Project (CDP) for its commitment to continuously measure and manage its environmental performance in 2019. The company is the first and only organization in the Philippines to achieve such a score.
The CDP, a UK-based organization which supports the disclosure of major corporations’ environmental impact, annually sends out a Climate Change questionnaire. Last year, it received responses from more than 8,000 companies worldwide, and awarded Ayala the Management status for its climate change disclosure. Ayala is one of the 19% of companies who made it to the management & leadership band worldwide.
Ayala’s B rating is higher than the Asia Region Average Performance and Global Average Performance, which both have a C rating. DBS Group Holdings from Singapore, and Mitsubishi Motors Corporation from Japan received a B rating, together with other companies from Indonesia, Hong Kong, Taiwan, India, South Korea and Thailand.
This CDP rating recognizes the group’s efforts on environmental stewardship to help mitigate climate change, its proactive and robust risk management, and continuous strong undertakings to adopt sustainability best practices. These endeavors are further reflected in the Ayala Sustainability Blueprint which the company launched in 2019. In this masterplan, each of the group’s business units has set a target that supports the UN Sustainable Development Goal (SDG) that its business naturally aligns with. Guided by this blueprint, Ayala has committed to continuously measure its performance against its targets in support of the UN SDGs’ 2030 agenda. Ayala also pioneered the integration of sustainability, risk management, and corporate governance in the country.
The group continues to intensify its efforts, and strives to be among the CDP A-Listers in the future. The CDP A-List community is the top two percent who are high-performing global leaders on corporate climate action.
“This CDP rating is a testament to our focus on the climate change agenda. For years, the importance and urgency of protecting the environment has been a priority across our businesses. We will continue our efforts and commitment to UN SDG 13 in our Ayala Sustainability Blueprint,” said Jose Teodoro Limcaoco, Chief Sustainability Officer and Managing Director of Ayala Corporation.
A network of investors with USD 96 trillion in assets, purchasers, and policymakers around the globe use CDP data and insights in decision-making. It is also used by major global indices such as MSCI, Sustainalytics, Bloomberg, and more. Companies with a high rating get a boost in their competitive advantage and reputation.