Sustainability Performance Highlights


Sustainability Performance Highlights

In 2015, the United Nations adopted 17 Sustainable Development Goals that address the world’s most pressing problems across social, environmental and economic development issues. People from 193 member nations are pursuing the universal call to action to end poverty, protect the planet, and ensure the peace and prosperity of all people by 2030. Achieving the targets will require not only the government but other sectors of society to change the course of development.

The contribution of the private sector weighs heavily on the success of each goal. Cebu Holdings, Inc. (CHI), as a major player in the real estate industry of Cebu, embraces its responsibility to respond to the challenge of sustainable development.

CHI is committed to continuously improve its business strategy and sustainability performance throughout the value chain to maintain long-term strategic position. With a strong sense of responsibility to the community, it continues to implement programs that contribute to the sustainable development goals, keeping in mind its stakeholders through its various projects.

With its cross-sectoral reach, CHI is poised to act as a significant force in driving Cebu towards a sustainable future.

CHI takes a holistic but targeted approach to the Global Goals, focusing on goals relevant to its business, and honing in on areas where it could make the greatest impact.

 

CHI CONTRIBUTED TO THE FOLLOWING GOALS IN 2019:

SUSTAINABLE CITIES AND COMMUNITIES

  • CHI focuses on providing master planned, mixeduse developments that are resilient, eco-efficient, and inclusive. Through strengthened partnerships with local communities for environmental, livelihood, and disaster preparedness projects, CHI creates a sustainable setting for the growth of local economies.
  • In recent years, CHI has made several enhancements to its infrastructures, providing better services for customers and the general public. These improvements facilitated mass transport systems, additional access roads, and pedestrian and PWD-friendly facilities.

CLIMATE ACTION

  • Combined allocation of over 11,000 square meters of space used for native tree nursery establishment at CHI’s developed estates
  • Preservation of over 1,000 native trees and wildlings at Seagrove
  • Bamboo nursery establishment at Upland Greens » Nurturing a carbon forest at Upland Greens
  • Upgraded wastewater treatment facility at Cebu I.T. Park
  • Awareness training on forest and marine ecosystem
  • Survey and planning for marine ecosystem preservation and conservation for Seagrove
  • Increased volunteer program participation for environmental initiatives

RESPONSIBLE CONSUMPTION AND PRODUCTION

  • Best practices in solid waste management in real estate properties and construction projects
  • Resource conservation / materials efficiency
  • Innovative approaches to recycling and composting
  • Community partnership for livelihood through waste collection and segregation by community partner

GOOD HEALTH AND WELL-BEING

  • P 19.6 million in community investments in education, environment, livelihood, health and wellness, arts and culture, and promotion of local products
  • Over 3,000 square meters of mall space provided for exhibits, promotional activities on health and wellness by schools and health organizations
  • Continuing programs on occupational health and safety

PARTNERSHIP FOR THE GOAL

Engagement with civil society organizations, government, local merchants, and neighboring communities for:

  • Allocation of 52% of total mall GLA to support SMEs and local/ Cebu homegrown products and services
  • Provision of space to promote farm-to-market products from Cebu’s upland communities
  • Provision of spaces for environmental, educational and health awareness programs
  • Ecosystems services awareness trainings for communities
  • Provision of space and facilities for police community precincts within two estates

REDUCE INEQUALITIES

  • 100,158 jobs generated by CHI developments, including locators in its estates
  • 13% of total GLA or 12,154 square meters provided for SMEs, new business entrants, and farmers
  • 313 days of the year allocated to social enterprise or pro-bono events for SMEs
  • Skills training and learning sessions for employees and neighboring communitie
  • 4 women (out of 13) in senior leadership positions
  • Catering to special needs of mothers
  • Equal opportunities for men and women

 

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Market Outlook in 2019

CHI’s Cebu Business Park (CBP) and Cebu I.T. Park (CITP) have shown high demand despite its 30 percent premium compared with other locations. The 1.7 percent vacancy rate of CBP and CITP is notably lower than the 11 percent vacancy rate of other developments in Cebu.

Leading commercial real estate services and investment management firm Colliers International foresees CITP and CBP recording the most impressive boost in rents, with rates in Cebu expected to register an annual increase of four percent over the next three years.

Similarly, demand for office space will be steadily on the rise as Cebu continues to be an attractive location for enterprises engaged in business process outsourcing (BPO) and knowledge process outsourcing (KPO).

Leasable office space in Metro Cebu had already breached the one million square meter mark and developers are looking at options such as Mandaue and Mactan. In the last quarter of 2018, Mandaue’s vacancy rate dropped to 6.5 percent, significantly lower than its previous year’s 9.7 percent.

Central Visayas became the fourth largest economy in the country in 2018 when it recorded a gross domestic product growth rate of 7.6 percent exceeding the national average of 6.2 percent.

The expanding middle class and the increasing number of young professionals indicate a more upbeat economic activity for Metro Cebu in the next years. This outlook goes not only for CBP and CITP but also for the upcoming estates in the cities of Mandaue and Lapu-Lapu.

Tourism and business prospects alike are seen to strengthen along with the ongoing improvements of Mactan Cebu’s international airport as well as road infrastructure.

 

Strategies

CHI considers itself as part of the community where it operates. Its involvement includes taking advantage of business opportunities so that the gains enjoyed at the moment continue to bring prosperity to its stakeholders, particularly the community that it serves. This means pursuing expansion activities and introducing new projects.