MPIC Awarded as Finance for the Future Winner
Lauded for Embedding Sustainability in Overall Company Strategy
Metro Manila, Philippines, 5 October 2022 – Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investment company in the Philippines, clinched the most coveted Finance for the Future Award for Embedding an Integrated Approach (Listed Companies) at the 10th Finance for the Future Awards held yesterday, October 4.
A partnership between Accounting for Sustainability (A4S), Deloitte, and the Institute of Chartered Accountants in England and Wales (ICAEW), the Finance for the Future Awards recognized organizations and individuals that support the integration of sustainability into financial decision-making. After a rigorous three-stage judging process, MPIC bested seven other international and equally competitive publicly-listed companies from across the globe.
“People, planet, and long-term impact are at the core of our work,” says MPIC Chairman, President, and CEO Manuel V. Pangilinan. “We view this as an obligation to future generations of Filipinos. We will never stop pursuing sustainable growth.”
Across six categories, 33 finalists from 13 countries all over the world were celebrated at the Awards, which prides itself on being one of the few remaining, solely merit-based sustainability accolades globally. The awards ceremony was held in London with hybrid attendance by leading businesses around the world. MPIC participated and received the award online.
Finance for the Future
Created in 2012, the Finance for the Future Awards recognize leadership within the finance function to drive sustainable economies. The category “Embedding an Integrated Approach (Listed Companies)” acknowledges listed companies where sustainability is embedded in the overall strategy and decision-making processes, as well as finance teams that play a critical role in delivering this.
Winners of this category do not only embed sustainability into their overall strategy and decision-making process and consider it as the core of the organization’s activities, but also generate tangible environmental and/or social benefits in addition to delivering financial outcomes.
“The strong culture within MPIC to think about how the organization and its employees can leverage their roles to have a wider impact on lives in the Philippines was evident,” reads a comment from the Finance for the Future Awards’ judges. “The commitment to driving sustainable outcomes came through clearly from the Chief Finance, Risk and Sustainability Officer and finance team’s advocacy and leadership, alongside a strong understanding that embedding ESG is essential for the existence of the business. This gave real credibility to MPIC’s purpose of “creating long-term value through responsible and sustainable investments”.
All MPIC’s holding companies are required to design, build and operate with minimum environmental and social disruption, with a carbon reduction plan in place. Part of the company’s strategy has been to place primary responsibility for risk and sustainability with the CFO, reflected in the creation of a Chief Finance, Risk and Sustainability Officer role. For MPIC, this has enabled a shift from standard risk management approaches towards a holistic view of value creation and business resilience.
“At MPIC, we do sustainability as part of our overall stakeholder value creation, along with our purpose of improving the lives of the Filipinos and communities we serve,” says MPIC Chief Finance, Risk, and Sustainability Officer Chaye A. Cabal-Revilla. “This recognition will inspire and push us all, not just to continue what we are doing, but to do much, much more.”
This recognition emphasizes Metro Pacific Investments Corporation’s role as the largest catalyst for a Sustainable Philippines, aimed to improve the lives in the country through providing essential services and mobilizing advocacies that uplift the quality of life of all Filipinos.
MPIC’s recognition in the Finance for the Future Awards is a testament to MPIC’s efforts to contribute to the United Nations Sustainable Development Goals (SDG), particularly, SDG 12 Responsible Consumption and Production’s Target 12.6, which encourages companies to adopt sustainable practices and integrate sustainability information into their reporting cycle.
MPIC is a leading infrastructure investment company with holdings in Manila Electric Company, Maynilad Water Services, Inc., MetroPac Water Investments Corporation, Metro Pacific Tollways Corporation, Metro Pacific Hospital Holdings Inc., Light Rail Manila Corporation and mWell PH.
The Company seeks to create long-term value for all its stakeholders through responsible and sustainable investments that contribute to national progress and improve the quality of life in the communities it serves.
MPIC and its group of companies are making a difference in the lives of millions of Filipinos, powering commerce and households, connecting people and places, delivering clean and safe water, and making world-class healthcare available to all.
For further information, please contact:
Melody del Rosario
VP – Public Relations and Corporate Communications, MPIC
9th Floor, Tower 1
Rockwell Business Center
Brgy. Ugong, Pasig City 1604
© 2019 Metro Pacific Investments Corporation