CEOs to review sustainability tool

CEOs to review sustainability tool

by UA&P News Desk on November 10, 2011 - 1:45 pm

The University of Asia and the Pacific (UA&P), as the Philippine pioneer academic institution in Corporate Social Responsibility (CSR) education and research, pools together Philippine business leaders in the Sustainability Reporting: A 3G CSR Tool Conference taking place on 11 November 2011.

Sustainability reporting has increasingly been recognized in the global arena as a tool for managing risks and engaging stakeholders. “The recent financial crisis clearly demonstrated that being profitable does not equate to being sustainable,” says Mr. Colin Hubo, UA&P Lecturer and Elected GRI Stakeholder Council Member in Amsterdam. Leaders now shift gears towards adding more weight to the triple-bottom line approach – economic, environmental, and social performance.

While the trend has not yet captured the mainstream of the local business scene, select Philippine companies have begun blazing a trail through the adoption of global reporting standards and innovative reporting solutions.

Petron Foundation General Manager Ms. Marilou Erni will share her company’s perspectives on the challenges, constraints, and costs involved in sustainable reporting. Ms. Agnes De Jesus, Senior Vice-President for the Environment & External Relations Sector of the Energy Development Corporation, will explore the benefits yielded from taking on this commitment towards multi-stakeholder engagement.

Recent economic, environmental, and financial events bring to fore the urgent need for our leaders to raise the level of CSR application among Philippine companies. On top of that, this, too, presents a grand opportunity for local companies to be at par with international players.

UA&P’s Sustainability Reporting: A 3G CSR Tool Conference will be held at 8:00 a.m. to 5:00 p.m. at the PLDT Hall, UA&P, Ortigas Center, Pasig City. For inquiries, contact Ms. Michelle Javellana via e-mail at michelle.javellana@uap.asia, or via landline at 6370912 loc. 302 or 360.

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