MPIC ranks 1st in Sustainalytics ESG Risk Ratings

In September 2021 it was announced that MPIC was ranked first by Sustainalytics among multi-sector holdings companies in the Philippines.

It also gained the global ranking as an “ESG Industry Top Rated” company after receiving an Environmental, Social and Governance (“ESG”) Risk Rating score of 12.8 as of May 2021. This score positions MPIC in the top 4% of companies in Sustainalytics’ Diversified Financials Industry and represents that MPIC in the “Low Risk” category of experiencing material financial impacts from ESG factors.

MPIC President and Chief Executive Officer Jose Ma K Lim said “Throughout our business, we adopt a precautionary approach by implementing cost-effective measures to manage and mitigate ESG risks in accordance with our long-term business objectives. We are grateful for institutions like Sustainalytics that enable us to effectively evaluate our risk management processes and benchmark against global best practices.”

Sustainalytics is a global leader in ESG research covering over 13,500 companies globally. Its ESG Risk Ratings are designed to help investors identify and understand financially material ESG risks and how they might affect the long-term performance for investments.

FUTURE-PROOFING OUR OPERATIONS “At MPIC, we go beyond mere compliance with regulations and consciously aim to articulate and anticipate risks through strategies that futureproof our operations. We identify the impacts of our activities at an early stage to mitigate any adverse effects. From managing ESG risks and uncertainties, to creating opportunities and a future marked by human progress and inclusion, our work of making everyone’s lives better continues.” said MPIC Chief Finance, Risk and Sustainability Officer Chaye A Cabal-Revilla.

MPIC Chairman Manuel V Pangilinan noted, “Given the essential nature of the services our companies provide, we have a clear responsibility to foster a culture of sustainability that can create enduring value for our shareholders and society. Our Board and senior management embrace their role in driving MPIC’s long-term direction towards sustainable growth.” <<