SUSTAINABILITY
NAVIGATE
Frequently Asked Questions
Primer on Sustainability Reporting
As corporate reporting on environmental, social responsibility and economic performance has evolved, the types of reports discussed above are increasingly being described as sustainability reports.
The integrated report combines financial and sustainability data to inform stakeholders of Cebu Holdings, Inc. (CHI) and the public about the Company’s performance. This report documents CHI’s endeavors to improve its financial and non-financial performance through the integration of sustainability principles into its core strategies and operations.
CHI expands and updates its reporting framework subscriptions to better track and manage issues material for its business. The preparation of this report follows the Integrated Report <IR> Framework and the GRI Sustainability Reporting Standards. For the first time, the industry-specific Sustainability Accounting Standards Board (SASB) metrics were used to make more effective disclosures of sustainability-related risks and opportunities.
- Third Integrated Report (13th combined report) covering CHI’s performance on financial, economic, social and environment aspects
- Contributions to the UN Sustainable Development Goals and the Four Focus Areas of parent company Ayala Land, Inc.
- This report has been prepared in accordance with the GRI Standards: Core Option and ASEAN Corporate Governance Scorecard (ACGS).
- Consolidated data for fiscal year January 1 to December 31, 2019, covering CHI’s internal business units and general contractors for property management (Ayala Property Management Corporation) and construction (Makati Development Corporation)
- Three years of historical information for comparison
As a publicly-listed company, CHI subscribes to the following globally accepted frameworks to report its sustainability and non-financial information:
1. Global Reporting Initiative’s (GRI) Sustainability Reporting Standards
This has a comprehensive reporting requirement covering governance, economic, environmental, and social topics. It is also aligned with international standards and normative frameworks such as the United Nations Global Compact (UNGC) and the International Labour Organization (ILO) Tripartite Declaration.
2. International Integrated Reporting Council’s (IIRC) Integrated Reporting (IR) Framework
The <IR> Framework defines six capitals, seven guiding principles, and eight content elements of an integrated report but does not specify topic disclosures and measurement methods. It aims to monitor how the capitals are used and created by the business model and discloses the companies’ strategies in light of risks and outlook.
3. The SASB Standards provides industry-based sustainability standards for more than 77 specific industries. It has five general sustainability themes including environment, social capital, human capital, business model and innovation, and leadership and governance. To address sustainability issues, a minimum set of topics for consideration in each industry are also provided, together with quantitative and comparable accounting metrics.
CHI contributes most to SDG 11 – Sustainable Cities and Communities and SDG 9 – Industry Innovation and infrastructure.
CHI provides master planned, mixed0-use developments that are resilient, eco=efficient and inclusive. Through strengthened partnerships with local communities for environmental, socio-economic and disaster preparedness projects, CHI creates a sustainable setting for the growth of local economies.
- Total of 156 hectares of master-planned integrated mixed-use developments that are resilient, accessible, pedestrian-friendly and eco-efficient.
- Over P750 million capex – all Ayala Land and Cebu Holdings projects in Cebu in 2019
- Creating a sustainable and inclusive setting for the growth of local economies through strengthened partnerships with local communities for projects concerning the environment, livelihood, and disaster preparedness, as well as continued stakeholder engagements for market shaping.
- Enhancements in infrastructures to provide better services: spaces for mass transport systems, construction of additional access roads, and provision of more pedestrian and PWD-friendly facilities
Other SDGs CHI contributes to:
SDG 13 –Climate Action and SDG 15 – Life on Land
- 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 IT Park
SDG 14 – Life Below Water
- Planning for future coastal rehabilitation program
- CHI’s marine ecosystems services awareness training and planning for coral rehabilitation & construction of coral nursery unit
SDG 12 – Responsible Consumption
- 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
Awareness training on forest and marine ecosystems
- Survey and planning for marine ecosystem preservation and conservation for Seagrove
- Increased volunteer program participation for environmental initiatives
SDG 10 – Reduced 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 enterprises or pro-bono events for SMEs
- Skills training and learning sessions for employees and neighboring communities
- 4 women (out of 13) in senior leadership positions
- Catering to special needs of mothers
- Equal opportunities for men and women
SDG 3 – 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
With Cebu being one of the five (6) participating sites of Ayala Land’s carbon forest project, CHI serves as an implementer to this project. CHI coordinates with partner Soil and Water Conservation Foundation (SWCF) in the implementation of activities and leads in mobilizing employee volunteers in various activities. Thus far, results of activities are as follows:
Upland Greens – Carbon Forest
- Forest Restoration
10,300 trees planted
36 Species 123,600 sq.m.
(4mx3m spacing)
- Assisted Natural Regeneration / Nurturing Activities
23,212 young trees recorded and liberated
Covering 160,000 sq.m.
1,357 trees planted for enrichment
54 Species
- Hosted 50 delegates from the International Federation of Landscape Architects Asia Pacific Region Ridge Tour
- (CHI) Hosted more than 200 participants from external organizations in series of forest ecosystem services trainings