MacroAsia Corporation
Climate Impact & Sustainability Data (2015)
Reporting Period: 2015
Environmental Metrics
Water Consumption:10 million liters/day (Solano water treatment plant)
ESG Focus Areas
- Corporate Social Responsibility
- Corporate Governance
- Sustainable Growth
Environmental Achievements
- Completed a waterworks system in Solano, Nueva Vizcaya, producing 10 million liters of potable water daily and helping renew the water aquifer.
- Continued support of its nursery in Linao, Brooke’s Point Palawan, producing 50,000 seedlings for planting over 5 years.
- Partnered with the Local Government Unit of Solano in tree planting activities to protect the Magat River watershed.
Social Achievements
- Sustained sponsorship of scholars in Palawan, producing 63 graduates.
- Continued partnership with schools and universities through the Student Tour Program, reaching around 21,625 students.
- Lufthansa Technik Philippines completed 61 education-based projects, including the construction of school buildings in Tacloban City.
- Assisted Philippine National Red Cross in blood donation activities, collecting 77,000 cc of blood.
- Worked with Pag-Ibig Fund in an outreach program to 300 indigent residents.
Governance Achievements
- Increased the number of directors from 9 to 11, with an increase in independent directors from 2 to 3.
- Welcomed Mr. Stewart C. Lim, Treasurer of PAL, to the board to strengthen synergies.
- Revised Manual on Corporate Governance issued to provide more stringent compliance standards.
- Established an annual risk management plan to manage risks and seize opportunities.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Secure LTP’s base load for medium-term through contracts with PAL and other airlines.
- Grow non-airline food business revenues to exceed airline catering business in a few years.
- Expand ground handling operations to secondary airports.
Short-term Goals:
- Double water service connections in Solano by end of 2016.
Environmental Challenges
- Operational and financial risks of subsidiaries and affiliates.
- Global economic slowdown.
- Industry regulations.
- Competition.
- Volatility of foreign exchange rates.
- Valuation of non-current assets.
Mitigation Strategies
- Group-wide monitoring process performed by executive/management committee held on a weekly basis.
- Aggressive marketing, offering of innovative products and services.
- Optimizing resources and provision of quality services.
- Sustainable cost leadership efforts.
- Year-round preventive maintenance of helicopter unit and ground support equipment.
- Employees year-round training program.
- Regular audits to ensure compliance with local and international quality standards.
- Regular renewal of accreditations and certifications.
- Maintain close relationships with airline clients.
- Operational funding requirements and adequate capital.
- Engage in foreign exchange hedging transactions.
- Maintaining the currency portfolio as per the guidance received from the Investment Committee.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Philippine Financial Reporting Standards (PFRS)
Certifications: ISO-certified (MacroAsia Catering Services, Inc.)
Third-party Assurance: SyCip Gorres Velayo & Co.
Sustainable Products & Innovation
- New food commissary in Muntinlupa City to serve institutional clients.
Awards & Recognition
- Singapore Airlines Merit Winner for “Excellence in Catering”, Cathay Pacific “2014 CPRP Gold Award” (MacroAsia Catering Services, Inc.)