Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee Experience, Diversity, and Inclusion (PEOPLE)
• Waste and Resource Efficiency (EFFICIENCY)
• Sustainable Business and Innovation (SUSTAINABILITY)
• Economic Growth (GROWTH)
• Business Ethics, Values, and Corporate Governance (GOVERNANCE)

Environmental Achievements

• Substantial decrease in total energy consumption due to Emperador’s Progreen’s shift to renewable energy sources (biogas instead of coal), resulting in a 72% reduction in Scope 1 emissions.
• AWGI installed a 2-megawatt peak (MWp) solar photovoltaic (PV) system and replaced 91 conventional perimeter lights with solar-powered ones.
• EDI Biñan plant improved energy efficiency from 81.83% to 85.10% through equipment optimization and LED lighting conversion.
• Tomelloso Distillery reduced energy consumption by 20,000 kWh per year through LED lighting.
• All WMG distilleries and bottling sites powered by carbon-neutral electricity since April 2022.
• Megaworld Hotel and Resort invested in a Chiller Optimization system, reducing electricity consumption by 266,992.4 kWh.
• Travellers installed solar panels at Newport World Resorts.
• Emperador Group continues to recycle cullet, reducing energy consumption in glass bottle production.
• Progreen Nasugbu plant uses a Biogas Digester to co-generate energy.
• Megaworld’s Empire East converted 57% of lighting systems to LED.
• GERI installed solar lights in open spaces and replaced 1300 CFL bulbs with LED bulbs.
• AWGI increased cullet component in glass formulation to 72.5%, reducing virgin material consumption by 70 metric tons per year.
• AWGI re-developed bottles to reduce weight by an average of 24 gms per bottle, reducing virgin material consumption by 7,200 metric tons annually.

Social Achievements

• Megaworld launched the Megaworld Learning Academy with masterclasses on various topics.
• Megaworld was awarded as one of the ‘Best Companies to Work for in Asia’.
• Empire East launched the Social Spaces program to enhance employee engagement.
• Emperador conducted a data privacy seminar and a phishing attack exercise.
• Golden Arches launched the Restaurant Support Center (RSC) Open University.
• McDonald’s Philippines was recognized as one of The Philippines’ Best Employers.
• Megaworld Foundation continued its partnerships for education and scholarship programs and conducted livelihood enhancement projects.
• Empire East organized feeding programs and donated toilets, dippers, and pails to a school.
• GERI conducted a tree planting event and donated garbage bins made from used tires.
• Emperador sponsored science, technology, and management-related training sessions.
• Ronald Mcdonald House Charities (RMHC) continued its programs, including Ronald McDonald Bahay Bulilit and Ronald McDonald Read to Learn.
• Travellers’ ILoveEarth program encouraged employee participation in community projects.

Governance Achievements

• AGI held a Sustainability Conference and Workshop.
• Emperador engaged with the Singapore Institute of Directors for an ESG seminar for its Board of Directors.
• AGI’s Board of Directors reviewed the effectiveness of the Group’s risk management system.

Climate Goals & Targets

Environmental Challenges

• Pandemic-related concerns (health protocols, payments, increased prices, utility costs, construction delays).
• Concerns related to payments, increased prices and utility costs, construction delays, and resolution of concerns for customers and clients.
• Accreditation and timely payments for business partners.
• Human resources issues, work-from-home concerns, and safety concerns for employees.
• Documentary delays, different COVID-19 protocols, and insufficient funding for community.
• Maintaining a stable supply and managing risks of supplier non-compliance.
• Managing waste generation and disposal costs.
• Managing energy consumption and GHG emissions.
• Managing water consumption and effluent discharge.
• Ensuring compliance with laws and regulations.

Mitigation Strategies

• Digitization of processes, payment plans, better communication channels, energy-saving fixtures.
• Transparent accreditation process and schedule of payments.
• Job caravan, new equipment and internet allowance for work-from-home employees, vaccination drive.
• Maintaining transparent relationships, constant communication, full compliance with health protocols.
• Improved vendor accreditation program, sustainable purchasing practices, regular QA audits.
• Waste segregation, supplier return policy, barging operation, fertilization program.
• Solar power, green building practices, process improvements, energy efficiency programs.
• Rainwater collection, treated wastewater reuse, low flow rate fixtures, bio-augmentation.
• Compliance officer, code of ethics, whistle-blowing policy, risk management system.

Supply Chain Management

Responsible Procurement

• Sustainable sourcing, acquisition of goods and services from reliable sources.
• Suppliers must follow standards for environmental and social sustainability.
• Supplier Workplace Accountability (SWA) for Golden Arches.
• Updated vendor accreditation program for Megaworld.
• Environmental performance screening for Bodegas Fundador.
• Green Print strategy for WMG.
• Central Procurement and Logistics Department considers social regulations and impact for Travellers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, SEC Sustainability Reporting Guidelines for Publicly-Listed Companies

UN Sustainable Development Goals

• All 17 UN Sustainable Development Goals

AGI aligns its initiatives to support all 17 UN SDGs.

Awards & Recognition

• Numerous awards for Megaworld, Emperador, Travellers, and Golden Arches (listed in the report).

Environmental Metrics

ESG Focus Areas

• Employee Experience, Diversity, and Inclusion (People)
• Waste and Resource Efficiency (Efficiency)
• Sustainable Business and Innovation (Sustainability)
• Economic Growth (Growth)
• Business Ethics, Values, and Corporate Governance (Governance)
• Community and Consumers

Environmental Achievements

• Megaworld achieved carbon neutrality for its Scopes 1 and 2 emissions for company-owned malls and offices for 2023.
• Emperador reduced coal consumption by approximately 313,000 GJ and fuel oil by 76,000 GJ.
• Whyte and Mackay’s Jura Distillery is constructing a biomass boiler fueled by wood pellets.
• Megaworld transitioned 62 accounts/properties to a fully renewable energy source with a total consolidated capacity of 98.35 MW.

Social Achievements

• Megaworld launched MEGreen, a unifying program consolidating company-wide sustainability efforts.
• Golden Arches initiated its Employer Branding Campaign, hiring over 41,000 crew members and 1,550 manager trainees.
• Megaworld received three Best Employer Awards in 2023.
• AGI generated a total of 56,916 jobs in 2023.

Governance Achievements

• Megaworld updated its supplier relations policies through improved vendor accreditation and sustainable purchasing programs.
• AGI maintained zero cases of data breaches, leaks, thefts, and losses of data.
• AGI reported zero significant instances of non-compliance with laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Increased electricity consumption due to improved data collection.
• Data limitations and exclusions in reporting.
• Need to consolidate information from subsidiaries for complete reporting.

Mitigation Strategies

• Partnership with Diligent for ESG data software to improve data collection, verification, and auditability.
• Continuous efforts to improve data collection and reporting across subsidiaries.
• Ongoing efforts to consolidate information from subsidiaries for future reports.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing and acquisition of goods and services from reliable sources.
• Updated vendor accreditation system including sustainability criteria.
• Partnership with providers that value sustainability (MREIT).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI) Sustainability Reporting Standards, SEC Sustainability Reporting Guidelines for Publicly-Listed Companies

Certifications: EarthCheck Silver Certified (Travellers)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, 17

AGI aligns its initiatives with the UN SDGs (see report for details).

Sustainable Products & Innovation

• Smart home systems in Megaworld developments
• Reprocessed glass bottles supplied to Travellers hotels (AWGI)
• COMET e-bus (GERI)
• EV Charging Stations (Megaworld)

Awards & Recognition

• Numerous awards received by AGI subsidiaries in various categories (see report for details).