MANILA, Philippines - Promoting a sustainable supply chain through a pioneering Vendor Code of Ethics has gained for Ayala Land Inc. (ALI) leadership ranking among Asia’s top corporations.
ALI ranked number one in the country and is the only Philippine company that made it to the list of Asia’s Top 100 corporations. It was particularly cited for implementing “a supplier code of ethics, requiring its vendors to uphold the human rights of their own employees against universal standards.” Since 2009, ALI has pushed for strict compliance of ethical guidelines among its suppliers. The said initiative is included in the detailed ESG management disclosures published in its Integrated Annual and Sustainability Report.
“It is truly an honor for Ayala Land to be recognized as one of Asia’s leading companies in sustainability. We continuously strive to include sustainability in our development processes and it has become integral in the way we do business,” said Bernard Vincent O. Dy, ALI president and CEO.
Channel News Asia, in partnership with Asia CSR, released its latest sustainability ranking at the recent CSR Asia Summit held in Hong Kong. The ranking was conducted by leading research provider Sustainalytics which provides an analysis of company-wide environmental, social, and governance (ESG) performance by top global corporations. These companies must primarily “demonstrate strong public disclosure.”
According to Anna Maria Gonzales, ALI sustainability manager, “the ranking underscores our supply chain managers’ efforts to positively influence and encourage responsible behavior among suppliers and partners. Sustainability works when the whole business chain recognizes its importance.”
“We take care of our business, the environment, and the community for people to gain something of value, a better quality of life in communities that will thrive over generations. For us, sustainability means doing what we do best in order to contribute to society and to the nation in a positive way,” she said.
Ayala Land is the Philippines’ leading and only full-line property developer known for its large master-planned and sustainable estates. It is currently present in 31 growth centers across the country and operates prime residential, commercial and leisure developments that cater to a broad market. ALI was one of the first companies in the country to engage in sustainability reporting based on the Global Reporting Initiative.