Cebu Holdings Inc.(CHI) is an affiliate of Ayala Land Inc. (ALI) and as with ALI, CHI is committed to understand, plan, measure, and manage the impacts of its business operations along the triple bottom line of economic, environment, and social performance.

To achieve this, CHI embarked on a process to identify, measure, and report its sustainability performance utilizing international guidelines for creating more concise, more useful, and more performance-oriented indicators of its sustainability practices.

Table of contents:

• What is covered in the Integrated Annual and Sustainability Report of CHI?
  
• What reporting application level did CHI achieve?
• Why the need for GRI Reporting Framework for CHI?
• How much of the GRI Reporting Framework has CHI followed? What are the set of indicators that CHI reported on?
• What preparations did CHI make in 2006 for it to be ready for the triple bottom line reporting covering the 2007 performance?
• CHI has adopted two (2) strategic management systems and a reporting system which measure the company's performance against international standards, how has CHI been able to align and integrate these systems?
• What are the company's next steps in sustainability reporting?

Q1: What is covered in the Integrated Annual and Sustainability Report of CHI?
CHI expanded the scope and level of detail on this year's reporting. This year's report accounts for the company's history, its business, the organization and the management systems adopted. 
The report not only covers the financial and operational performance as highlighted in the regular annual reporting but also addressed sustainability indicators covering the following aspects:

1. corporate social responsibility; 
2. health and safety of its workforce;
3. initiatives to achieve customer satisfaction
4. managing environmental impact of its projects (energy and water usage, waste and biodiversity management)

Q2: What reporting application level did CHI achieve?
The information included in CHI's report is self-declared.  The company attained application level C for reporting the minimum required profile and performance indicators of GRI. 
Its integrated and annual sustainability report was subjected to reviews on:

1. quality assurance using the Deloitte and Touche Sustainability Reporting Scorecard; and
2. compliance using the Global Reporting Initiative (GRI) G3 framework, guidelines and indicators

Q3: Why the need for GRI Reporting Framework for CHI?
CHI follows a generally-accepted reporting framework for financial reporting. With a similarly accepted framework for the sustainability report (GRI G3 guidelines), CHI's report, is considered to have the attributes of credibility, consistency and comparability.

By referring to the reporting framework, CHI has taken the initial step to report on matters relevant to the company's stakeholders. It also simplifies report preparation and assessment, as it helps both the company and its stakeholders gain greater value from sustainability reporting.

Q4: How much of the GRI Reporting Framework has CHI followed? What are the set of indicators that CHI reported on?
CHI’s report was based on 14 GRI indicators, as follows:

Q5: What preparations did CHI make in 2006 for it to be ready for the triple bottom line reporting covering the 2007 performance?
CHI's readiness for the triple bottom line reporting of the company's performance in 2007 was boosted by the continual implementation and improvement in the processes defined and measured through its strategic management system, the Balanced Scorecard (BSC) and the Quality, Environment, Health and Safety Management System (QEHS MS). 

These systems allowed ease in the collection, retrieval and consolidation of data and information required by the GRI G3 guidelines which made it possible for CHI to integrate sustainability reporting in its regular annual financial/operational reporting required by the Securities and Exchange Commission (SEC) and the Institute of Corporate Directors (ICD) on Corporate Governance. 

Q6: CHI has adopted two (2) strategic management systems and a reporting system which measure the company's performance against international standards, how has CHI been able to align and integrate these systems?
The company's objectives, targets and programs on key result areas are defined in the company's Corporate BSC which consolidates all the initiatives of the business and corporate services groups relevant to the requirements of the company's QEHS MS. Communicating and reporting the results of CHI's performance uses the TBL approach which is also aligned with the standards of the existing management systems.

The alignment is summarized in the table below:

The integration of the systems has served as an effective mechanism across all levels of the organization in putting sustainability at the center of the company's operations

Q7: What are the company's next steps in sustainability reporting?
CHI seeks to attain and maintain responsible competitiveness in its areas of excellence by implementing international standards both in performance management and reporting.  As part of the company's continual improvement, CHI aims to:

1. Ensure organizational competence on sustainability – focusing on development programs especially on employees assigned to the areas where sustainability practices make the most difference;
2. Design, plan, and implement strategic stakeholders' engagement; and
3. Utilize a specific reporting strategy to set targets for improvements in performance.