Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Compliance
• Corporate Governance and Risk Management
• Customer Care Service
• Indirect Economic Impact (Jobs and Local Supply Chain)
• Occupational Health & Safety and Human Resource Welfare
• Climate Change Adaptation
• Biodiversity Protection
• Water Management
• Local Community Development

Environmental Achievements

• Implemented waste management systems with composting and recycling programs in Tagaytay Highlands to divert waste from landfills.
• Used electric-powered equipment and planted trees in Tagaytay Highlands to improve air quality.
• Implemented water recycling efforts in Tagaytay Highlands through rainwater collection.

Social Achievements

• Launched Kaagapay para sa Kinabukasan scholarship program, awarding 10 college students full scholarships.
• Launched Kaagapay sa Kabuhayan livelihood program, generating PHP1,638,186 in gross sales (2016-2020).
• Donated PHP120 million worth of relief goods through the Office of the President in response to the COVID-19 pandemic.
• Provided financial assistance and relief goods to employees affected by the Taal Volcano eruption and COVID-19 pandemic.

Governance Achievements

• Established eight Board committees to address specific tasks and responsibilities related to corporate governance.
• Implemented a Revised Manual on Corporate Governance and Code of Business Conduct and Ethics.
• Adopted and implemented several policies and programs relating to corporate governance, regularly reviewed and enhanced.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic-induced restrictions and protocols impacting operations.
• Taal Volcano eruption causing significant damage to Tagaytay Highlands.
• Economic downturn affecting business operations.

Mitigation Strategies

• Activated business continuity plans and implemented COVID-19 response measures, including work-from-home arrangements and provision of PPE.
• Successfully rehabilitated Tagaytay Highlands from volcanic ash damage.
• Implemented cost-saving measures and manpower right-sizing.

Supply Chain Management

Responsible Procurement

• City of Dreams Manila’s campaign supporting Philippine small and medium enterprises.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, UN Sustainable Development Goals, UN Global Compact, Greenhouse Gas Protocol, Philippine Securities and Exchange Commission Memorandum Circular No. 4, Series of 2019

Third-party Assurance: No external assurance

UN Sustainable Development Goals

• Goal 11 - Sustainable Cities and Communities
• Goal 13 - Climate Action
• Goal 6 - Clean Water and Sanitation
• Goal 15 - Life on Land

Belle Corporation's initiatives contribute to these goals through environmental protection, community development, and responsible business practices.

Awards & Recognition

• 2019 Top-performing publicly-listed company in the Philippines under the ASEAN Corporate Governance Scorecard (Belle Corporation, Premium Leisure Corp., Pacific Online Systems Corporation)
• 2019 Top Taxpayer in Real Estate Tax Collection Category (Belle Corporation)
• 2018 Award of Merit - Communication Skills Division Publication Category - Philippine Quill Awards (Tagaytay Highlands)
• 2017 Best in Leisure Development in the Philippines - Asia Pacific Property Awards (Tagaytay Highlands)

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Corporate Governance
• Employee Management
• Workplace Conditions
• Labor Standards
• Human Rights
• Community Relations
• Compliance

Social Achievements

• Maintained an average employee retention of 7 years.
• Provided various employee benefits including SSS, PhilHealth, Pag-ibig, parental leave, vacation leave, sick leave, medical benefits, and flexible working hours.
• Implemented various health-related activities and programs (Drug-Free Workplace, Family Welfare Program, HIV and AIDS Prevention, Hepatitis B Policy, Tuberculosis Prevention Program, COVID-19 tests).

Governance Achievements

• Achieved 100% communication of anti-corruption policies and procedures to employees and business partners.
• Achieved 100% anti-corruption training for directors, management, and employees.
• Established a whistle-blowing policy.

Climate Goals & Targets

Environmental Challenges

• Credit, liquidity, and equity price risks.
• Environmental risks that could hamper exploration works and endanger employees.
• Higher attrition rate affecting business operations and service delivery.
• Additional costs incurred due to employee training.
• Potential for disagreements between management and employees.
• Risk of violation of labor laws leading to possible lawsuits, loss of investor confidence, and demoralized employees.
• Changes to laws and regulations that may negatively affect APC's operating and financial condition.

Mitigation Strategies

• Board reviews and approves policies that protect the interests of the company, subsidiaries, and stakeholders.
• Implementation of safety policies and programs.
• Fair treatment of employees with opportunities for career development and advancement based on merit.
• Establishment of a Code of Business Conduct and Ethics.
• Regular review, updating, and cascading of good governance policies.
• Strict implementation and application of sanctions.
• Continuous monitoring of regulatory developments and adoption of conservative financial and operational controls.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 8: Decent Work and Economic Growth

Tax payments contribute to inclusive growth; revenue generation supports decent work.

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Governance
• Social
• Environmental

Social Achievements

• Maintained an average employee retention of 7 years.
• Provided various employee benefits including SSS, PhilHealth, Pag-ibig, parental leave, vacation leave, sick leave, medical benefits, and flexible working hours.
• Implemented various health-related activities and programs such as Drug-Free Workplace, Family Welfare Program, HIV and AIDS Prevention and Control in the Workplace Program, Workplace Policy on Hepatitis B, and Program on Tuberculosis Prevention and Control in the Workplace.

Governance Achievements

• Achieved 100% communication of anti-corruption policies and procedures to employees and business partners.
• Achieved 100% anti-corruption training for directors, management, and employees.
• Established a whistle-blowing policy.
• Maintained full compliance with all applicable environmental laws and regulations.
• Maintained full compliance with local laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Credit, liquidity and equity price risks; environmental risks that could hamper exploration works, and endanger its employees
• Higher attrition rate which could affect the business operations and delivery of services; additional costs to be incurred due to the need to train employees
• Disagreements between management and employees leading to disruption of business operations and ultimately suspension of services
• Discrimination in the workplace
• Risk of violation of labor laws leading to possible filing of lawsuits; loss of confidence from investors; demoralized employees
• Although laws and regulations are enacted for the common benefit, changes to these laws and regulations may create negative effects to the operating and financial condition of APC

Mitigation Strategies

• The Board reviews and approves while the Management implements policies that protect the interests of the Company, its subsidiaries and other stakeholders. Programs and policies on safety are established, and observance of such by the employees and business partners is required.
• APC treats its employees fairly by providing them with opportunities for career development and advancement based on merit, regardless of gender, age, religion.
• Code of Business Conduct and Ethics (the “CBCE”) was established to serve as a guideline for employee discipline and forms the grounds for disciplinary actions.
• Whether in the selection of the countries and markets where the Company operates, hiring and promotion of employees, selection of suppliers and contractors – the Company decides on the basis of merit and value to shareholders and does not discriminate on the basis of race, ethnicity, religion, or gender.
• APC adheres to labor laws and protection of human rights; zero tolerance on employee violations
• In order to mitigate compliance risks, the Company continues to be abreast of the latest regulatory developments and adopts what it considers conservative financial and operational controls.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 8: Decent Work and Economic Growth

Taxes paid contribute to sustainable and inclusive growth. Revenues generated contribute to decent work and economic growth.

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Governance
• Social
• Environmental

Environmental Achievements

• PLC saved on energy and water consumption due to strategic personnel arrangements.

Social Achievements

• 100% of employees received anti-corruption training.
• 71% of workforce are female employees.
• 11 training hours provided to employees (2 hours/employee for female employees).

Governance Achievements

• Established anti-corruption policies, standards, and practices.
• 100% of employees and business partners were communicated the organization’s anti-corruption policies and procedures.

Climate Goals & Targets

Environmental Challenges

• Increased competition in the gaming industry.
• Credit risk associated with financial assets.
• Liquidity risk in meeting financial obligations.
• Equity price risk due to changes in the value of individual stocks.
• Potential for higher attrition rate among employees.
• Risk of violation of labor laws leading to possible lawsuits.
• Risk of data privacy breach.

Mitigation Strategies

• Monitoring performance and competitors, staying updated on market trends.
• Assessing cash and cash equivalents as high grade, closely monitoring cash flows, ensuring credit facilities are available.
• Using internally generated funds and a committed line of credit to meet liquidity needs.
• Monitoring equity investments based on market expectations, managing significant movements individually, and having BOD approval for buy/sell decisions.
• Providing opportunities for career development based on merit, regardless of gender or age.
• Strongly adhering to labor laws and protection of human rights.
• Company-wide orientation on the Data Privacy Act, implementing rules and regulations, breach reporting procedures.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2016, UN Global Compact, UN Sustainable Development Goals

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 8: Decent Work and Economic Growth

Tax payments, volunteerism, employee welfare initiatives, community development programs.