Belle Corporation
Climate Impact & Sustainability Data (2014, 2018)
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Corporate Social Responsibility
- Employee Welfare
- Environmental Sustainability
Environmental Achievements
- Implemented waste segregation, replaced incandescent bulbs with compact fluorescent ones (reducing power consumption by 60%), and established sewerage treatment plants for water reuse.
- Annual 'One Tree at a Time' tree planting activity.
Social Achievements
- Belle Kaagapay CSR program focusing on health, education, aid, livelihood, and social services in local communities.
- Feeding program for 358 schoolchildren.
- Sponsorship of five college students.
Governance Achievements
- Adopted a Revised Manual on Corporate Governance.
- Established four board committees (Compensation and Remuneration, Nomination, Audit, and Risk Management).
Climate Goals & Targets
Environmental Challenges
- Financial risks (interest rate, foreign currency, credit, liquidity, equity price, capital management)
- Market risks (economic and political conditions, competition)
- Performance/completion risks (suppliers, contractors)
- Regulatory risks (government regulations, changes in Philippine laws)
- Hazard risks (natural disasters)
- IT risks (data center, applications, internet connection, hacking, IT solution acquisition)
Mitigation Strategies
- Fiscal prudence and conservative financial and operational controls.
- Risk management policy establishing a culture of disclosing, evaluating, and managing risks.
- Enterprise Risk Management Committee (ERMC) to monitor risk management activities.
- Diversification of portfolio, enhancement of amenities, and affordable terms for buyers.
- Purchase only from accredited suppliers, performance bonds for contractors.
- Compliance with licensing and regulatory requirements.
- Regular site inspections, safety measures, insurance coverage.
- Redundant IT infrastructure, enterprise security solutions, annual technology roadmap review.
Supply Chain Management
Responsible Procurement
- Accreditation policy for vendors and suppliers.
- Bidding committee for major contracts.
Climate-Related Risks & Opportunities
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Sustainability
- Social Responsibility
Social Achievements
- Promoting a mutually beneficial relationship with all stakeholders grounded on integrity and respect; Enhancing the quality of life of the communities we serve.
Governance Achievements
- Established nine Board Committees (Executive Committee; Audit Committee; Nomination Committee; Corporate Governance Committee; Board Risk Oversight Committee; Related Party Transactions Committee; Compensation and Remuneration Committee; Corporate Social Responsibility Committee; and Environmental and Social Committee), each with defined charters and responsibilities.
- Adopted a Code of Business Conduct and Ethics.
- Implemented a Board evaluation process.
- Established policies for shareholder rights and communication.