A "new philosophy" may limit the kind of businesses Ayala Corp. will go into in the future, top executives yesterday said as they vowed to pursue a "triple bottom line" of economic, social, and environmental performance.
But Ayala is not entirely closed to diversifying into industries with a poor environmental track record such as mining and power, its chairman Jaime Augusto Zobel de Ayala told journalists, as there's a "better way" of harnessing natural resources for public benefit.
Ayala released its first "sustainability" report yesterday -- the first conglomerate in the country to do so -- in what will be a biennial exercise of measuring the group’s impact on the community and the environment to encourage "good corporate behavior" among its business units.
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| The Ayala Board (www.ayala.com.ph) |
