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. With the guidance of the Sustainable Development Goals (SDGs) and the latest Philippine Development Plan (PDP), our businesses are called to envision a healthy, resilient, inclusive, and progressive society while restoring the integrity of our environment and natural resources.
We relied on the SDGs, commonly known as the global goals, as a framework for identifying how our business activities and corporate initiatives provide a greater impact on society. In facilitating this process, we assessed the performance of our capitals and aligned them with relevant SDG targets and indicators. In 2022, we went one step further. We referenced our contributions with the national SDG indicators informed by the latest PDP. Afterward, we grouped our impacts through the five core sustainability areas: People, Planet, Prosperity, Peace, and Partnerships.
Our individual subsidiaries support the SDGs aligned to their operations and corporate initiatives. Consolidating these activities, the conglomerate contributes to 16 out of the 17 SDGs while directly and indirectly impacting 45 targets and indicators. We continue to support the government in meeting the Global Goals by working with various agencies in pursuing our environment and social empowerment programs, while ensuring that our business activities positively benefit the Philippine economy. In 2022, FPH had the privilege to be a part of the pilot Stakeholder Chamber Council of the National Economic Development Authority’s SDG secretariat. We are joined by 42 other organizations from the private sector, civil society, and media partners. Being a member of the Chamber allowed us to discuss and align our contributions with the government’s targets and strategies to meet the SDGs. More information on this can be found on our Social and Relationship Capital performance on pages 131-139.
