SNAP promotes ESG principles for sustainable communities in annual forums

Empowering Sustainable Communities SNAP's ESG Journey

As I reflected on the power of collective action, I was reminded of the importance of prioritizing Environmental, Social, and Governance (ESG) principles in our work. This realization resonated with me as I thought about SN Aboitiz Power Group's (SNAP) commitment to promoting sustainable communities through its annual forums.

A Commitment to Sustainable Development

For over a decade, SNAP has been dedicated to empowering host communities across Benguet, Ifugao, Isabela, and Nueva Vizcaya. Their Host Communities' Forum is an annual event that brings together stakeholders to update them on the company's operations and initiatives, fostering collaboration and participation in their community social responsibility (CSR) program.

Joseph Yu, SNAP president and CEO, emphasized the importance of ESG principles in building stronger, more inclusive communities By embedding ESG principles into our projects and partnerships, we aim to build not just energy facilities but also future-ready communities.

Renewable Energy Solutions and Sustainable Development

As a leading provider of renewable energy (RE) solutions, SNAP is at the forefront of the transition towards a cleaner, more sustainable future. Their battery energy storage system (BESS) projects are a testament to their commitment to innovation and community development.

The 40-megawatt Binga BESS 1 project, which broke ground earlier this year, marks a significant milestone in the Cordillera Administrative Region's journey towards a low-carbon economy. This project not only showcases SNAP's expertise in RE solutions but also demonstrates their dedication to creating long-term value for host communities.

The Power of ESG Principles

Mardi Mapa-Suplido, COO of Aboitiz Foundation Inc., encouraged attendees to see ESG principles as a practical tool for improving governance. Her words highlighted the importance of considering the social and environmental implications of our actions.

As professionals in the automotive industry, we have a unique opportunity to apply ESG principles in our daily work. By prioritizing sustainability and community development, we can create value that extends beyond the boundaries of our projects.

A Legacy of Community Investments

Since 2008, SNAP has completed over 1,200 projects in social infrastructure, governance, Indigenous peoples' development, health, livelihood, education, and environment, amounting to approximately P600 million in community investments. These initiatives demonstrate the company's commitment to creating positive change in the communities they serve.

As I reflect on my own work as a professional, I'm reminded that our role extends beyond designing and building vehicles. We have the power to shape the future of our communities, just like SNAP is doing through their ESG principles.

Conclusion

As we navigate the complexities of sustainable development, it's essential to prioritize ESG principles in our work. By considering the social, environmental, and governance implications of our actions, we can create value that benefits not just our organizations but also the communities we serve.

SNAP's commitment to ESG principles is a shining example of how companies can make a positive impact on their host communities. As professionals in the automotive industry, let us draw inspiration from their journey and strive to apply similar principles in our own work.

Keywords Environmental, Social, and Governance (ESG), Sustainable Development, Renewable Energy (RE) Solutions, Battery Energy Storage System (BESS), Community Investments

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.