JG Summit strengthens environmental initiatives
15 July 2022
By implementing a comprehensive strategy for achieving long-term corporate success in addressing environmental issues and societal requirements, JG Summit Holdings Inc. increased its efforts toward a more sustainable future.
The conglomerate’s 2021 Sustainability Report emphasizes its more robust strategy and commitment to sustainability.
Publicly traded JG Summit strengthens one of the biggest and most diversified Philippine conglomerates, with significant holdings in the following sectors: real estate and hospitality (Robinsons Land Corp. or RLC); air transportation (Cebu Pacific Air); banking (Robinsons Bank); and petrochemicals (JG Summit Olefins Corp.).
Lance Gokongwei, president and chief executive officer of JG Summit Holdings, said in a statement on Thursday that the conglomerate has advanced its plans in its key areas in response to the health crisis as they embrace the new normal.
We remain optimistic that we are well-positioned to thrive as we move into a more sustainable future, Gokongwei said. “We looked at our ecosystem and synergies across the conglomerate and proactively embedded a strong emphasis on sustainability, leadership, and people development — all these to address the ever-changing needs of our stakeholders and emerge as a stronger business post-pandemic.”
In its sustainability report, JG Summit strengthens outlined its comprehensive Sustainability Agenda in support of the United Nations Sustainable Development Goals, aligned with its core values and priorities. It also identified five focus areas: climate action, resource efficiency and circularity, employee growth and well-being, shared success, and better choices, all of which are incorporated into the group’s five-year business strategy and its operations.
JG Summit strengthens its Corporate Governance and Sustainability Committee to oversee the conglomerate’s sustainability performance as part of its efforts to combat climate change. The organization is boosting its risk management for climate-related issues and growing low-carbon operations. It controls its greenhouse gas emissions by adopting renewable energy and increasing operational effectiveness.
Rooftop solar panels that can generate 30.79 megawatts of power and stop the emission of more than 18,887.47 tons of carbon dioxide into the atmosphere have been installed by RLC in 24 of its Robinsons Malls as of this writing.
Optimizing the use of water, plastic, and other resources in resource-intensive industries like food manufacturing and air travel is how JG Summit approaches resource efficiency and circularity.
Between 2018 and 2021, URC saved a total of 11.5 million cubic meters of water through the Reduce, Reuse, Recycle initiative. Robinsons Bank, a division of JG Summit, has saved 13.5 metric tons of paper as a result of paperless banking and the RBank Digital App.
