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Home Corporate Ayala and subsidiaries receive high ratings from CDP
 * Corporate


AYALA AND SUBSIDIARIES RECEIVE HIGH RATINGS FROM CDP

December 28, 2022 | 12:02 am

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AYALA CORP. received the highest rating from the United Kingdom-based Carbon
Disclosure Project (CDP), which measures a company’s disclosure and
environmental performance.

“We’re very happy with the scores Ayala and its business units received from the
CDP. These scores play an important role in keeping our companies on track when
it comes to climate action,” Ayala Chief Financial, Sustainability, and Risk
Management Officer Alberto M. de Larrazabal said in a media release on Tuesday.

Ayala received a “B” score, which indicates that it has addressed the
environmental impact of its business and that it has ensured good environmental
management. Its rating is higher than the regional average rating of “C” in
Asia, the company said.

“These not only prove our strong commitment to protecting the environment but
also our strong adherence to the highest standards of disclosure,” Mr. De
Larrazabal said.

Ayala subsidiaries also got high ratings from CDP, with Ayala Land, Inc.
maintaining its “A-” rating, which is said to be the highest among real estate
companies in the Philippines, and Globe Telecom, Inc. keeping its “B” rating.



An “A” score means that the organization showed environmental leadership,
disclosing action on climate change, deforestation or water security, and
demonstrated best practices in strategy and action as recognized by
sustainability frameworks.

Bank of the Philippine Islands and ACEN Corp. also received scores at par with
the regional average, with the banking unit said to be topping other Philippine
banks.

Ayala committed to a net zero target by 2050 as it aligns its business strategy
with the Paris Agreement’s goal of limiting global warming to pre-industrial
levels.

CDP reached a record-breaking number of respondents in 2022 with over 18,700
companies participating, said Ayala.

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This is 42% higher than last year and represents half of the global market
capitalization. It is also over 233% higher than the number of participants when
the Paris Agreement was signed in 2015, it said.

Over 680 investors with over $130 trillion in assets requested companies
disclose through CDP on climate change, water security, and forests. — Justine
Irish DP. Tabile



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Neil Banzuelo

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