aboitiz
Aboitiz, officially known as Aboitiz Equity Ventures, Inc., is a prominent Philippine conglomerate headquartered in Taguig City, Metro Manila. Founded in 1994, the company has established a strong presence across various sectors, including power, food, infrastructure, and banking. Aboitiz is particularly renowned for its innovative approach to renewable energy, positioning itself as a leader in the industry with a commitment to sustainability. With significant operations in Luzon, Visayas, and Mindanao, Aboitiz has achieved notable milestones, such as becoming one of the largest power producers in the Philippines. The company’s core offerings, including power generation, distribution, and agribusiness, are distinguished by their focus on efficiency and environmental responsibility. Aboitiz's market position is further solidified by its consistent recognition for corporate governance and social responsibility, making it a key player in the Philippine economy.
DitchCarbon Score
How does aboitiz's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
aboitiz's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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aboitiz's reported carbon emissions
In 2022, Aboitiz reported total carbon emissions of approximately 6,333,450,000 kg CO2e, with Scope 1 emissions accounting for about 5,409,981,000 kg CO2e and Scope 2 emissions at approximately 923,470,000 kg CO2e. This marked an increase from 2021, when total emissions were about 5,166,070,000 kg CO2e, with Scope 1 emissions at approximately 4,311,173,000 kg CO2e and Scope 2 emissions around 854,898,000 kg CO2e. Aboitiz has set ambitious climate commitments through its 10-year energy transition strategy, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions by 2030. This strategy focuses on achieving a balanced portfolio of 50% Cleanergy and 50% Thermal capacities, addressing the energy trilemma of energy security, equity, and environmental sustainability. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Overall, Aboitiz's commitment to reducing its carbon footprint aligns with global sustainability goals, positioning it as a proactive player in the energy sector in the Philippines.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 4,516,098,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 523,003,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
aboitiz is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
