Value Creation
In our 2021 Integrated Report, we provided an overview of our value creation process, highlighting the translation of our purpose into a guiding mission statement, and how this mission was brought to life through the business strategies of our subsidiaries. We also discussed how the business model consists of activities to transform the six capitals into values for the business and for others. Moreover, we identified the drivers of our execution – our committed leadership, our governance, the unity of purpose of the company with its employees, and our collaboration with the government and other sectors of society.
Financial Capital
Our financial capital are the sources of funds we draw on to maintain our business processes and, through the subsidiaries, produce the goods and services that create value for our customers, stakeholders, and investors. Our approach to managing our financial capital adopts strategies that increase financial returns and avoid, mitigate, or remediate risks.
Manufactured Capital
Our manufactured capital comprises the physical assets, infrastructure, and equipment that our business segments use to create value for their customers through their products and services. In this section, we discuss the status of these assets, their performance, maintenance, and upcoming projects to enhance or to build up the manufactured capital of our business segments.
Natural Capital
Our Natural Capital includes the various material resources we use to develop our products and services to create value for our customers and stakeholders. As all of the materials we use ultimately come from the environment, we seek to manage our resources well, use them efficiently, and conduct activities that give back to our natural environment.
Human Capital
Our human capital stems from the knowledge, expertise, and dedication of our employees that allow us to deliver value to our customers and ultimately, to society. We acknowledge the individuality and authenticity of our employees, as these further drive innovation and excellence in our chosen industries. We strive to continuously meet their needs by providing them with the proper benefits and tools to allow them to bring their best in the workplace and their respective careers.
Intellectual Capital
Our intellectual capital is composed of the organizational, knowledge-based intangibles such as intellectual property rights, patents, licenses and organizational knowledge, systems, procedures and protocols. Tapping and maximizing our intellectual capital allow us to deliver value to all our stakeholders to meet our business objectives and attain our mission of a decarbonized and regenerative future.
Social and Relationship Capital
Our social capital refers to the relations and partnerships we have fostered with our stakeholders in realizing our business objectives and our mission of a decarbonized and regenerative future. Guided by the Pentad Stakeholder Framework of Carol Sanford, we nourish our continuing relationships with our customers, co-creators (employees, suppliers, and business partners), earth, host communities, and investors. This improves the way we deliver our products and services and ensures our compliance with local and national laws and regulations which grants us with the social license to operate in various parts of the country.
Our ESG Values
Protecting the planet and our stakeholders enabled our business to prosper while positively impacting the lives of the communities in our areas of operation. Our close attention on the intangible assets of our operation has helped us preserve (quantity or quality) our six capitals as well as avoid ESG issues that led to our business continuity and stable growth in 2022.
Contributing to Society Through Our Purpose
In our pursuit of a decarbonized and regenerative future, we are called to take part in solving the problems of the planet and society. We believe that doing business-as-usual is not enough, hence, we strive to conduct business that positively impacts the systems in which our stakeholders and the environment are nested.
