European Chamber of Commerce of the Philippines (ECCP)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:32% (Converge in 2023)
Waste Generated:171.7 MT decrease in 2023 (Converge)
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Converge increased its share of renewable energy sourcing to 32% in 2023, resulting in PHP 40M in power expense savings.
- Converge's Zero Waste Campaign successfully refurbished 112,485 modems in 2023, decreasing total generated waste by 171.7 MT and recovering 68 MT of material (58% reused, 42% recycled).
- MPower planted 1,500 trees in Sierra Madre, Laguna, as part of its 9th CommuniTrees program.
- Air France is investing more than 1 billion euros per year in new-generation aircraft, aiming to consume less than 3 liters per passenger/100km by 2030 (A350 consumes 2.5 liters).
Social Achievements
- Converge launched Surf2Sawa and BIDA Fiber products to provide affordable internet access.
- NEO is the first portfolio in Southeast Asia to earn the WELL Equity rating, highlighting its commitment to DE&I.
- Air France offers 100% French meat, poultry, dairy products, eggs, bread, pastries, fish from sustainable fisheries, and a selection of fresh, local, and seasonal products in its Paris lounges and on flights departing from Paris.
Governance Achievements
- Converge achieved an A rating from MSCI and a CSA score of 50 from S&P Global in 2023, reflecting enhanced sustainability practices.
- NEO received the Europa Award for Green Building in 2023.
- Air France-KLM group aims to reduce CO2 emissions by 30% per passenger per kilometer by 2030 compared to 2019.
Climate Goals & Targets
Long-term Goals:
- Global aviation industry commitment to achieving net-zero carbon emissions by 2050.
Medium-term Goals:
- Air France aims to reduce CO2 emissions by 30% per passenger per kilometer by 2030 compared to 2019.
Short-term Goals:
- Converge targets zero landfill waste by 2030.
Environmental Challenges
- Greenwashing in the construction industry.
- Slow recovery of international travel affecting Philippine aviation.
- Talent gap in the aviation industry.
Mitigation Strategies
- JCVA prioritizes genuine sustainable practices throughout the building lifecycle.
- Philippine government plans to upgrade and modernize airports, increase capacity, and create jobs.
- Industries are urged to improve academic training in aviation, introduce skills-based incentives, and implement pipelining strategies.
Supply Chain Management
Responsible Procurement
- Converge's Zero Waste Campaign includes proper handling and restoration of customer premises equipment (CPE).
Climate-Related Risks & Opportunities
Physical Risks
- Typhoons and other natural disasters
Transition Risks
- Regulatory changes
Opportunities
- Development of sustainable aviation fuel (SAF)
Reporting Standards
Frameworks Used: UN Global Compact
Certifications: LEED, BERDE, EDGE, WELL Equity
Sustainable Products & Innovation
- Converge's Surf2Sawa and BIDA Fiber products
- Air France's use of Sustainable Aviation Fuel (SAF)
Awards & Recognition
- Europa Award for Green Building (NEO)
- Ookla® Fastest Internet Provider in the Philippines (Converge)