(The Philippine Star) Updated May 21, 2011 12:00 AM
MANILA, Philippines- Ayala Land, Inc. (ALI) recently published its 2010 Integrated Annual and Sustainability Report. The integration of the two reports, which was first done last year, underscores the embedding of sustainability into ALI’s business strategies and operations.
Aside from important highlights of the company’s financial performance last year, the report discusses ALI’s ongoing journey on the road to sustainability, its management approach and framework, and its 2010 performance on a total of 57 economic, environmental, and social sustainability indicators. This is a remarkable increase from last year’s performance of 37 tracked and reported indicators.
The report is compliant with the internationally-accepted G3 reporting guidelines of the Global Reporting Initiative (GRI). Stakeholders such as Rowena Bird, co-founder of UK cosmetics line Lush, Eric Manaig, chairman of Barangay Canlubang, and Annie Alipao, ALI assistant vice president and chief information technology officer, provide commentaries and commend ALI’s efforts in attaining better and more environment friendly standards in its properties and projects.
“We are delighted to hear about the innovative steps being undertaken by Ayala Malls to promote sustainable, environmentally conscious living,” commented Bird. “By working together and acting responsibly, businesses can make a real difference, dramatically improving our own environmental impact as well as encouraging others to do the same.”
Antonino T. Aquino, Ayala Land president and chairman of the company’s board-level sustainability committee, noted how the company accomplished much through its continuing drive to sustainability in the report.
“The ultimate challenge is in providing the right kind of products that address the immediate need to minimize the environmental impact of the communities we create and, at the same time, respond to the increasing demands of a growing market for sustainability,” Aquino said.
“We need to do it right and, thus, it is crucial that we continue to employ the right discipline in applying methods that provide a meaningful measure of the consequences of our actions, to ensure those actions are favorable to the environment and the people they affect.”
ALI is the Philippines’ largest real estate conglomerate and only full-line property developer engaged in the planning, development, leasing, and marketing of large-scale communities at different scales and categories in different geographic locations. It posted a consolidated net income of P 5.4 billion in 2010, an increase of 33 percent from the previous year’s P4.03 billion. Consolidated revenues reached P37.8 billion, up 24 percent from P30.4 billion in 2009.
The total amount of community investments of the company hit up to P219 million in 2010, also up from the previous year.
The Ayala Land 2010 Integrated Annual and Sustainability Report may be viewed and downloaded at the following links: www.ayalaland.com.ph and http://ir.ayalaland.com.ph/Financial_and_Operating_Highlights/Annual_Reports/default.aspx.
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