Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Compliance with laws, rules and regulations, and policies of the government
• Procurement practices
• Consumption and conservation of energy, water and other raw materials
• Management of impact to the environment
• Management of labor
• Relationship with the community
• Climate Change

Environmental Achievements

• Shifted to using renewable materials in producing energy for the operations of its plant.
• Reduced energy consumption through the utilization of its own energy, which is a by-product in the processing of sugar cane.

Social Achievements

• Provided local employment within the province with 94% of its employees based from Tarlac.
• Provided relevant trainings to employees to excel in their jobs.

Governance Achievements

• Ensured compliance with laws, rules and regulations relative to anti-corruption or anti-bribery.
• Implemented policies on Conflict of Interest and Whistleblower Policy.

Climate Goals & Targets

Environmental Challenges

• Low supply of sugar cane due to both natural causes and man-made causes.
• Some farmers shifted into planting other crops which can be harvested quickly compared to sugar cane.
• Possible water shortage due to increased competing demand and effects of climate change.
• Air pollutants may pose minimal health risk to the employees and members of the community.
• Hazardous wastes may pose minimal health risk to the employees and members of the community.

Mitigation Strategies

• Constantly monitors procurement of supplies and services from local suppliers.
• Provides assistance to local farmers/planters in the planting and harvesting of sugar cane.
• Prioritizes procurement of supplies and services within the province.
• Ensures compliance with environmental laws, rules and regulations, and policies to minimize or control its environmental impact.
• Conducts a mandatory weekly and monthly reports from its Human Resources Department to ensure compliance with labor laws, rules and regulations, and policies.
• Adheres to its Whistleblower Policy to provide opportunity for reporting any incident of violation.
• Ensures compliance with environmental laws, rules and regulations, and policies in managing solid wastes and hazardous wastes.
• Devised ways for the safe recycle/re-use of the solid wastes.
• Conducts study and experiment on other uses of solid waste.
• Conducts study and experiment on compost tea brewer as soil conditioner to bring back nutrients to the soil.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• The Company requires that its suppliers comply with relevant laws, rules and regulations, and policies relating to security of data.

Climate-Related Risks & Opportunities

Physical Risks

• Climate change immensely influences risks and opportunities as agriculture is tied to climate.

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 2: Zero hunger

Manufacturing of sugar.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Economic performance
• Compliance with laws, rules and regulations, and policies of the government
• Procurement practices
• Consumption and conservation of energy, water and other raw materials
• Management of impact to the environment
• Management of labor
• Relationship with the community
• Climate-related risks and opportunities

Environmental Achievements

• Reduced energy consumption by 21.84%
• 59% of wastewater recycled

Social Achievements

• Provided local employment within the province with 93% of its employees based from Tarlac
• Provided relevant trainings to employees

Governance Achievements

• Ensured compliance with laws, rules and regulations, and policies in relation to the proper treatment of labor, including payment of salaries and wages, faithful compliance with obligations contractual relations with suppliers, and payment of correct taxes
• Maintained compliance to its policies, which are related to labor laws and human rights issues

Climate Goals & Targets

Environmental Challenges

• Undersupply of sugarcane due to planters exploring other crops and unfavorable weather conditions
• Breakdown of factory facilities resulting in downtime and decreased production
• High volatility of sugar prices
• Importation of smuggled sugar
• Extreme changes in weather conditions affecting sugarcane quantity and quality
• Low supply of sugar cane due to farmers shifting to other crops
• Covid-19 related issues such as quarantine restrictions, infections of employees, transportation, etc. affecting the workforce and continuity of operations

Mitigation Strategies

• Augmenting planters’ programs, incentives, aids, and services
• Conducting preventive maintenance and repair programs during the off-milling season
• Strategic management of costs, inventory, and operating expenses
• Managing costs to allow competitive pricing should excess sugar enter the market
• Collaborating with government agencies like the SRA
• Implementing expansion and intensification programs
• Making recruitment processes more flexible and adaptable
• Introducing virtual screening and pre-employment practices
• Providing additional benefits and engagement programs for employee welfare
• Actively campaigning for and supporting employee vaccination

Supply Chain Management

Responsible Procurement

• Compliance with relevant laws, rules and regulations, and policies relating to security of data

Climate-Related Risks & Opportunities

Physical Risks

• Unfavorable weather conditions affecting sugarcane quantity and quality
• Extreme changes in weather conditions affecting sugarcane quantity and quality

Reporting Standards

Frameworks Used: GRI

UN Sustainable Development Goals

• SDG 2: Zero hunger

Environmental Metrics

ESG Focus Areas

• Economic performance
• Compliance with laws, rules and regulations, and policies of the government
• Procurement practices
• Consumption and conservation of energy, water and other raw materials
• Management of impact to the environment
• Management of labor
• Relationship with the community
• Climate-related risks and opportunities
• Anti-corruption

Environmental Achievements

• Shifted to using renewable materials in producing energy for the operations of its plant
• Devised ways for the safe recycle/reuse of the solid wastes
• Conducts study and experiment on other uses of solid waste, including compost tea brewer assoil conditioner

Social Achievements

• Provides local employment within the province with majority of its employees are based from Tarlac. It offers employment opportunities to nearby provinces
• Provides additional benefits and engagement programs for the welfare of its employees and their dependents
• Designed programs for retention programs to attract employees to stay
• Introduced virtual experience screening and pre-employment practices to simplify the hiring process for applicants while ensuring the safety of employees and the applicants
• Provides its employees relevant trainings to excel in their jobs, prepare them for greater responsibilities, and advancement in their careers

Governance Achievements

• Ensures compliance with laws, rules and regulations, and policies in relation to the proper treatment of labor, including payment of salaries and wages, faithful compliance with obligations contractual relations with planters, suppliers, and payment of correct taxes
• Has a procurement team, which sets the guidelines in the procurement of supplies and/or services
• Has put in place policies on Conflict of Interest, which prohibits employees, officers and directors to engage in personal or business interest that is antagonistic to that of the corporation or stands to acquire or gain financial advantage at the expense of the corporation
• Has a policy on whistleblowing which provides for formal procedure for anyone to raise his/her concerns regarding an illicit or unethical event inside the Company

Climate Goals & Targets

Environmental Challenges

• Undersupply of sugar cane due to planters exploring other crops and rising input costs
• Breakdown of factory facilities resulting in downtime and decreased production
• High volatility of sugar prices
• Importation of smuggled sugar weakening domestic prices
• Extreme weather conditions affecting sugar cane quantity and quality
• Low supply of sugar cane due to both natural causes and to man-made causes. Some farmers shifted into planting other crops which can be harvested quickly compared to sugar cane
• Competing labor demand from rising developments in the province and nearby provinces. In addition, attractive offers for skilled workers abroad becomes a threat to the company as it may lose experienced employees
• Pool for qualified blue collared jobs also decreased. The rise in popularity of remote and freelance work also attracts employees to transfer to other companies offering such work arrangement
• Some employees eventually resign after receiving training in exchange for opportunities in other industries and/or companies. This affects transfer of knowledge
• Air pollutants may pose minimal health risk to the employees and members of the community
• Hazardous wastes may pose minimal health risk to the employees and members of the community
• The Company’s effluents may have an impact on the environment and on the health of the people living within the community
• Non-compliance to labor laws and human rights may pose a risk to its employees. Furthermore, the Company may also suffer from litigation and/or payment of fines from governing bodies for noncompliance

Mitigation Strategies

• Augments planters’ programs, incentives, aids and other services to entice planter/land owners to return to sugar crop propagation
• Conducts preventive maintenance and repair programs during the off-milling season
• Strategic management of costs, inventory and operating expenses
• Manages its costs to allow competitive pricing should excess sugar enters the market
• Collaborates with government agencies such as the Sugar Regulatory Administration (SRA)
• Implements expansion and intensification programs to address adverse effects of weather
• Ensures compliance with labor laws, rules and regulations, and policies implemented by the Department of Labor and Employment and other government agencies
• Provides additional benefits and engagement programs for the welfare of its employees and their dependents
• Designed programs for retention programs to attract employees to stay
• Ensures compliance with environmental laws, rules and regulations, and policies in managing solid wastes and hazardous wastes
• The Company ensures compliance with environmental laws, rules and regulations, and policies in managing wastewater. Proper safeguards have been set up to conserve water
• The Company, through its HR Department, ensures the proper implementation of labor laws and coordinates with the Department of Labor and Employment and other attached agencies

Supply Chain Management

Responsible Procurement

• The Company requires that its suppliers comply with relevant laws, rules and regulations, and policies relating to security of data

Climate-Related Risks & Opportunities

Physical Risks

• The productivity of sugarcane and sugar is strongly influenced by climatic conditions from planting to harvesting

Reporting Standards

Frameworks Used: GRI

Third-party Assurance: Sycip Gorres Velayo & Co.

UN Sustainable Development Goals

• SDG 2: Zero hunger

Environmental Metrics

ESG Focus Areas

• Economic performance
• Compliance with laws, rules and regulations
• Procurement practices
• Resource consumption and conservation
• Environmental impact management
• Labor management
• Community relations

Environmental Achievements

• Shifted to using renewable materials in producing energy for the operations of its plant
• Utilizes its own energy, which is a by-product in the processing of sugar cane to minimize consumption of other forms of energy
• The materials used in the operations are renewable
• The Company’s solid wastes such as sugar cane press mud are turned into fertilizer and feed supplements.

Social Achievements

• Provides local employment within the province
• Offers employment opportunities to nearby provinces
• Provides additional benefits and engagement programs for the welfare of its employees and their dependents
• Provides its employees with relevant trainings

Governance Achievements

• Ensures compliance with laws, rules and regulations, and policies in relation to the proper treatment of labor
• Ensures compliance with the laws rules and regulations and policies of the government
• Has a procurement team, which sets the guidelines in the procurement of supplies and/or services
• Has put in place policies on Conflict of Interest
• Has a policy on whistleblowing

Climate Goals & Targets

Environmental Challenges

• Change or amendment in laws, rules and regulations and policies of the government
• Low supply of sugar cane
• Competing labor demand from rising developments in the province
• Attractive offers for skilled workers abroad
• Pool for qualified blue collared jobs also decreased
• Rise in popularity of remote and freelance work
• Skills gap as experienced workers retire
• Air pollutants may pose minimal health risk to the employees and members of the community
• Hazardous wastes may pose minimal health risk to the employees and members of the community
• Possible water shortage due to increasing competition from non-agricultural and water demands from the energy and industry sectors
• Non-compliance to labor laws and human rights may pose a risk to its employees

Mitigation Strategies

• Ensures compliance with laws, rules and regulations, and policies in relation to the proper treatment of labor
• Ensures compliance with the laws rules and regulations and policies of the government
• Constantly monitors procurement of supplies and services from local suppliers
• Provides assistance to local farmers/planters in the planting and harvesting of sugar cane
• Prioritizes procurement of supplies and services within the province
• Ensures compliance with environmental laws, rules and regulations, and policies to minimize or control its environmental impact
• Utilizes its own energy, which is a by-product in the processing of sugar cane to minimize consumption of other forms of energy
• Ensures compliance with environmental laws, rules and regulations, and policies in managing solid wastes and hazardous wastes
• Has devised ways for the safe recycle/reuse of the solid wastes
• Ensures compliance with environmental laws, rules and regulations, and policies in managing wastewater
• Proper safeguards have been set up to conserve water
• Ensures compliance with laws, rules and regulations and policies on health and occupational safety
• Designed programs for retention programs to attract employees to stay
• Designed programs for retention programs to attract employees to stay
• Ensures the proper implementation of labor laws and coordinates with the Department of Labor and Employment and other attached agencies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with relevant laws, rules and regulations, and policies relating to security of data

Climate-Related Risks & Opportunities

Physical Risks

• The productivity of sugarcane and sugar is strongly influenced by climatic conditions from planting to harvesting

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 2: Zero hunger

Manufacturing of sugar

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed