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JG Summit Releases First Sustainability Report

It serves as the conglomerate's starting point in measuring sustainability.
by Clara Rosales
Nov 13, 2020
Photo/s: from JG Summit Holdings website

JG Summit Holdings said Friday it had released its first sustainibility report which details the conglomerate's impact on economic, environmental and social performance in 2019, with its aviation, food, banking, petrochemicals business segments.

"As part of our transformative journey, we anchor our strategic directions from out new purpose of an unrelenting commitment to provide our customers with better choices, creating shared success with our stakeholders," said Lance Gokongwei, JG Summit President and Chief Executive Officer.

JG Summit's Sustainability Framework is anchored on 5 key areas: Shared Success, Climate Action, Resource Efficiency and Circularity, Better Choices, and Employee Engagement and Development.

Guided by the framework, the conglomerate is aiming for inclusive growth that emphasizes social investment initiatives and more equitable opportunities for well-creation and sharing.

The conglomerate also seeks to reduce or offset carbon emissions and strengthening climate-related risk management. Coupled with those efforts is the goal to optimize waste management and use of natural resources.

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Delivering high-quality products and services is a pillar of JG Summit's success. With such acknowledgement, the conglomerate is committed to enhancing consumer access to safe and high-quality products and services.

"Our contributions and relevance to society are centered on these pillars, which are aligned with the United Nations' Sustainable Development Goals. With this longer-term and broader view of our stakeholder commitment, we establish the foundation that will enable the Gokongwei Group to achieve our three- to five-year goals where Sustainability will be one of our main enables in achieving our Ambition," Gokongwei said.

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