ACES Awards

Showcasing Asia's finest responsible corporate leaders

A nation's growth, sustainability, and pride begins with you! Once every year, we search, honor, and celebrate the best of best individuals and companies across all of Asia! Industry titans, corporate heroes, advocates of planet and people: if we have not turned every brick to find you, lead us for we believe there are winners amongst us all. This 2019, September, Bangkok Thailand; an occasion to remember.

Filtering by Tag: MORS Group

Mining firm earns recognition for CSR

Business Mirror, Philippines
By Ernesto Hilario, 9 February 2016

How important is a corporate social responsibility (CSR) program for a company?

For Philex Mining Corp., it is an integral part of good governance. That’s the reason it has gained respect and recognition as the face of responsible mining in the country.

In November last year Philex was hailed as the top publicly listed company (PLC) in corporate governance among 263 participants in the local bourse during the first Asean Corporate Governance Scorecard Awards held in the country. Philex was also among the top 50 PLCs in the Asean region in the field.

Philex was, likewise, named as one of the top 5 firms in corporate governance in the highly prestigious Fourth Annual Philippines Stock Exchange Bell Awards held in the same month.



In the area of sustainability, Philex bested other local and regional companies by being named as one of the top 5 CSR companies in Asia during the Asia Corporate Excellence & Sustainability (Aces) Awards night held in Singapore.


The Aces Awards are handed out to companies that have carried out significant CSR campaigns, or implemented policies and structures that generate returns going beyond financial gain.

While these accolades do not directly contribute to the bottom
line, investors appreciate and
reward companies that demonstrate strong corporate governance and CSR platforms.

Recently, Philex’s share price slowly climbed from P3.91 per share at the end of January to P4.68 per share as of February 4 and has, in fact, outperformed the Philippine Stock Exchange index, which has fallen by 1 percent during the same period.

Gold prices in the world market have rallied to around $1,155 per ounce from $1,128 per ounce.

While a correlation between gold prices and Philex’s share price performances can be surmised, it is an incontrovertible fact that sound corporate-governance practices and an effective CSR program—two characteristics that are deeply embedded in and imprinted in the company’s DNA—serve to enhance the value of an organization.


Untapped potential

Philex’s successful CSR programs are taking place amid the decline in the Philippine mining industry. The country has $1.4 trillion worth of untapped mineral reserves, including gold, copper and nickel, according to industry estimates. The Philippines produced metals worth a record $3.1 billion in 2014, when it was the world’s top nickel producer, contributing more than 18 percent of global supply. But mining contributed just 0.7 percent to the GDP in 2013, as compared, for instance, to 8.3 percent for South Africa during the same period. This was attributed to complicated application procedures and intense anti-mining sentiment among indigenous peoples claimingancestral domain.

Under the Aquino administration, the contribution of the
mining industry to economic growth has not substantially improved because of a moratorium on new mining permits in 2012. It is now open to lifting the moratorium, but it also wants to levy higher taxes on newly approved mines and on mines whose permits would be renewed. Under the new tax system, the government’s share of revenue over the lifetime of a mine would increase to between 64 percent and 72 percent, from 59 percent.

In other words, this would really make mining uncompetitive as it would deter new mining firms from coming in, and would drive those already operating here out of business.

Well Deserved

The Philippine Star
By Mary Ann LL. Reyes on 14 February 2016

According to business news, the local bourse rallied last week, with the Philippine Stock Exchange index (PSEi) gaining 25.95 points or 0.39 percent last Thursday with value turnover amounting to P4.83 billion.

Among the gainers was Philex Mining, whose share price rose 10.63 percent to P5.93 per share last Feb. 11. This was a third higher than the P3.75 per share recorded last Jan. 21.

In fact, Philex even outperformed the PSE index during the same period.

According to experts, Philex’ robust performance in the stock market is doubly remarkable, considering that it is taking place amidst the continued slump in the global mining market and theuncertainties brought about by a lobby in Congress to impose even higher taxes on miners.

Last January, the Mines and Geosciences Bureau (MGB) reported that the value of the country’s metal output fell 20 percent last year to P85.78 billion from P107.24 billion in 2014.

Although experts note that the rise in Philex share prices can be partly due to the increase in gold prices, they also acknowledge the fact that sound corporate governance practices and an excellent corporate social responsibility (CSR) program are crucial to enhancing the market value of any corporate organization.

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Analysts are saying that Philex’ strong performance at the PSE best illustrates that investors put a premium on good governance and exemplary CSR.

As a staunch disciple of good corporate governance and holistic CSR practices, Philex has long established itself as the poster boy of responsible mining in the country.

Its feats have been recognized here and abroad, having won eight international and domestic awards for good governance and CSR since 2014 alone.

 Philex chairman Manuel V. Pangilinan, in his message to the mining company’s stockholders, emphasized that the firm has performed well “despite the continued decline in metal prices and the prevailing challenges facing the mining industry. Since 2012, prices of gold and copper have fallen by 22 percent and 25 percent, respectively.”

Pangilinan, who also chairs Philex parent Metro Pacific Investments Corp. (MPIC), said that Philex also undertook to strengthen its commitment to sound corporate governance practices, not only to align with the best practices across the globe but more importantly, to create a stronger, fully-compliant and world-class organization.

He said that the international and local recognition that Philex has been reaping are “a vote of confidence in our efforts and will inspire us further.”

Pangilinan stressed Philex’ commitment to be the face of responsible mining and to serve as the beacon for the industry by widening its corporate social responsibilities, beyond mere compliance with regulatory conditions.

Philex’ top official revealed that their investments on Social Development and Management Program, Community Development Program and Environment Protection and Enhancement Program will always remain an integral part of Philex’ capital expenditure as the company continues to prioritize helping the communities and environment around the areas it operates in.

Last November, Philex was named the top publicly listed company among 263 participants in the local bourse in terms of corporate governance during the maiden Asean Corporate Governance Scorecard Awards held in the country. Philex was also among the top 50 PLCs in the ASEAN region in the field.

 Philex was also chosen as one of the top five companies in terms of corporate governance at the 4th Annual Philippine Stock Exchange Bell Awards.

In the area of sustainability, Philex was hailed as one of the top five Corporate Social Responsibility (CSR) companies in Asia during the Asia Corporate Excellence & Sustainability Awards (ACES) in Singapore. 

The ACES awards pay tribute to companies that have carried out significant CSR campaigns or that have implemented policies and structures that generate returns that go beyond financial gain.

Moreover, Philex was recognizedas the best company in terms of the way it is managed through its system of rules, practices, and processes.

It clinched the “Security Bank Corporate Governance Company of the Year” award granted by the Asia CEO Awards, which came on the heels of Philex’ recognition as among the “Most Promising Companies on Corporate Governance, an award granted by the Corporate Governance Asia, the region’s most authoritative journal on corporate governance, at formal ceremonies held in October in Hong Kong.

Philex has also bagged the “Gold Award” granted by The Asset’s Corporate Awards in Hong Kong, for the quality of its financial performance, corporate governance, social responsibility, environmental responsibility, and investor relations.

Also last year, Philex was named as one of the Philippines’ top companies for its social and environmental projects, in the Best Corporate Social Responsibility (CSR) category based on polls conducted by the Hong Kong-based FinanceAsia magazine.

Philex also won the Philippine Quill Awards for Best in Publications under the division of Communication Skills Award of Excellence, for its 2013 annual report titled “Progression,” during last year’s annual conference of the International Association of Business Communications (IABC).

Philex Mining president and CEO Eulalio Austin said the company has proven anew that “we are advocates of responsible mining. Because of this, it would motivate the other mining companies that despite the environmental attacks to the mining industry, good corporate governance can be of great help to soften the issue.”

For his part, Philex Mining chief finance officer (CFO) Danny Yu said one of the biggest influences came from being a member of the MVP group of companies, which is a staunch supporter of sound corporate governance and that “determination and political will are two very important ingredients for implementing changes which we think are key to our success.

Mike Toledo, Philex Mining’s senior vice president for public and regulatory affairs and head of the MVP Group media bureau, said the accolades won by the company for its good governance and holistic CSR practices make it clear that, “responsible mining is possible in the Philippines, and that to say otherwise flies in the face of the realities on the ground.”

Philex has obtained from TUVRheinland, a technical services provider headquartered in Germany, its certification for Integrated Management System (IMS), an affirmation of the company’s successful programs on environmental protection and work safety.

MPIC’s Hongkong-based parent First Pacific Co. and its subsidiaries in the Philippines also won 16 awards from Corporate Governance Asia in Hongkong, including the Best CEO in Investor Relations for chairman Manny Pangilinan.

Aside from Philex, the other awardees during the Marriot Hotel event include MPIC president Jose Maria Lim and Meralco CEO Oscar Reyes. First Pacific, MPIC, Meralco and Philippine Long Distance Telephone Co. (PLDT) also garnered awards for Best IR companies.

In 2014, First Pacific and MVP led four of the group’s businesses (MPIC, Philex, Meralco and PLDT) in winning eight awards for good governance granted from Corporate Governance Asia.

Philex has also joined some of its sister companies in winning the Quill Awards, among them MPIC, Meralco, PLDT, Maynilad Water Services Inc., Smart Communications Inc., The Philippine STAR and TV5 Network Inc.

Sunseap announces the completion of its project with Mencast Holdings

February 9, 2016

Listed in June 2008, regional maintenance, repair and overhaul (MRO) solutions provider for the global Offshore, Marine and Oil & Gas sectors, Mencast Holdings Ltd recently unveiled its 865 kiloWatt peak (kWp) facility at 42B Penjuru Road, and 440 kWp facility at 42E Penjuru Road.

The newly installed solar systems not only serves as a green alternative to Mencast’s current source of energy, but it also adds value to the facility.

The initiative allows Mencast to do its part for the environment and at the same time, allow it to meet the Corporate Social Responsibility (CSR) best practice objectives outlined in the Singapore Exchange’s (SGX) sustainability reporting guidelines.

Aside from the newly installed solar systems, the list of environmental initiatives that are currently in place at Mencast include eco-friendly sourcing of materials and the use of green processes in its daily operations. Mencast’s efforts did not go unrecognised.

In 2013, Mencast was recognised as Channel News Asia’s Luminary of Innovation and was named “Top Company to Work for in Asia” at Asia Corporate Excellence & Sustainability Awards in 2014.

Mr Frank Phuan, Director of Sunseap remarked, “Mencast is taking an important step to be one of the pioneer listed companies to take action towards building a more sustainable Singapore. Solar leasing is growing in populararity as one of the go-to measures to reduce carbon emissions and also as a means of diversifying the energy sources in the market. Sunseap strongly believes that Mencast’s initiative will encourage other listed companies to commit their efforts to sustainability measures.”


Visit for information.

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through 3 key units; Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions to ride on the global growth in adoption of Solar Energy. Energy provides clean energy solutions utilizing off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets.

About Mencast Holdings Ltd.

Mencast Holdings Ltd. and its subsidiaries (“Mencast” or the “Group”) is a regional maintenance, repair and overhaul (“MRO” solutions provider for the global Offshore, Marine and Oil & Gas sectors. Headquartered in Singapore, the Group was successfully listed in June 2008, as the first sponsor-approved listings on Singapore’s SGX Catalist and later became the first such company to transfer to the SGX Mainboard.

From its establishment in 1981, the Group grew into a leader in the manufacture and repair of propellers and sterngear equipment and has built on its core competencies to steadily expand business over the last three decades. Today, through organic growth and acquisitions, Mencast has transformed into a comprehensive MRO solutions provider catering to the global Offshore, Marine and Oil & Gas industries.

For media enquiries contact:
Sunseap Group Pte Ltd
Tel: (+65) 6602 8086

Mencast Holdings Ltd:
David Leow
Chairman of Corporate Strategy and Communications Committee, Board of Directors
Tel: (+65) 6268 4331

Banking on sustainability - TMB Bank

Bangkok Post
3 February 2016

Under TMB's 'FAI-FAH In-A-Box' project, its local employees unite communities and help them stand on their own feet

TMB Bank recently won the Asia Corporate Excellence and Sustainability Awards (Aces), hosted by the MORS Group in Singapore, under the category Top Community Care Awards, making it Thailand's only company to win such an accolade.

The award the financial institution took home recognises its main CSR activity "FAI-FAH In-A-Box" where the bank gets in touch with communities its branches have a presence in.

Piloted in 2014, FAI-FAH In-A-Box is a project through which TMB dispatches voluntary employees from its own particular branches to interact with the communities they are nestled in for three months so that they can contribute something based on the community's needs. The project kicked off with four branches in Bangkok in 2014 and 18 more were added onto the list across the country in 2015. Last year's project began in May.

Some highlighted communities have included the Keha Chumchon Rangsit community, in which the bank helped improve the quality of the canal in the national housing community; in Klong Yai Jiew community in Bang Pu, Samut Prakan, where the bank gave a lively facelift to the cemented walls located by the sea and provided knowledge on eco-tourism to residents; and in the community of South Sathon, where the bank helped develop a cultural tour called "The Journey" and trained local children in the community to be tour guides.

"I believe that giving something back that is sustainable is the most important thing," said Choompoonoot Pathomporn, TMB's executive vice-president of Branch Banking. "If it's giving money or something temporarily convenient, it is either very short-lived or enough for us to make news out of it for some time, at least. But at the end of the day, money runs out. We want sustainability and that ultimately translates into giving these people what they really need."

The idea of sustainability, however, is not only highlighted in this project but has also been present in other CSR projects by TMB. The original "FAI FAH" project, where the bank built all-inclusive learning centres in Bangkok and is the project that the FAI-FAH In-A-Box sprang from, has also brought sustainability and commitment to the fore. The first learning centre was completed in 2010 and was followed by another two in 2012 and one in 2015.

The four centres teach art and life skills for youths aged between 12 and 19 who come from high-need backgrounds, serving as a place where they can have the opportunity to pursue interests that are normally inaccessible to them, such as music, sports or cooking.

As the FAI-FAH In-A-Box project came to an end, the bank has also been constantly following up to see whether there are any setbacks with what they have left behind. One group that seems to be thriving after the intervention of TMB is Ratchasub, an 11 rai neighbourhood in Bang Sue. 

Despite being packed with more than 600 residents from 172 households, the community now has a dynamic business that brings everyone together and keeps them united. Residents are busy running the communal business that sells mushrooms, which was started in 2011. At first, they struggled with finding interested customers and a market for the mushrooms, yet things turned when the bank gave them a new mushroom growing facility and equipped them with know-how.

"At first, they asked us what we wanted," said Rujirat Haravee, president of Ratchasub community. "Then upon finding out that we had our mushroom business, they came up with an idea and asked whether we wanted to have a new mushroom house. We said of course. After that, they also asked us if they could later take us to study how to make the most use of mushrooms at a FAI-FAH learning centre as the produce coming from the new facility would be a lot."

Rujirat tagged along with around 20 of her neighbours from the community to one of the FAI-FAH centres. They spent three months learning how to turn mushroom into chips, drinks and curry puffs with the youth at the centre. Logos, packages, business plans and channels to sell their products were also thought up for them by participating employees from the branch that were in charge of the community in the project. 

"TMB wanted us to be able to stand on our own feet," Rujirat said. "They didn't have to sit down and feed us. We were given a chance to do something ourselves that we could be proud of."

Plans for the project for the third-year are underway, with TMB hoping to work with 37 communities this year. The project is set to launch late this month.

"One thing that makes me feel good when going to a community is when we make them feel proud of that community," Choompoonoot said. "Actually, we don't do much at all. We just let them know that their community is good. And with our presence there, it sometimes makes them realise something else. They come to the conclusion that if we can help them, then why can't they help each other. This results in them trying to take it further, which, of course, goes back to our goal of sustainability." 

Manila Water honored as Asian CSR leader

The Market Monitor, Philippines
By Luis Leoncio on 27 December 2015

Water-service concessionaire Manila Water was recently recognized as one of the top corporate social responsibility (CSR) advocates in Asia by the Asia Corporate Excellence and Sustainability Awards (Aces), a regional award-giving body that values and recognizes services and achievements of national and international small-scale and large-scale businesses for their significant contributions in the communities and the world. 

The recognition is bestowed on companies that lead various CSR initiatives integrated into its policies and operations with high-level participation of employees and top management involvement in these programs.

Aces recognizes successful companies and individuals in Asia across two main domains: leadership and corporate social responsibility.

Through Aces, companies and their leaders share a platform to take pride in their excellence while learning, building connections, and exchanging new ideas to showcase Asia’s best practices for sustainable growth.

Among the sustainability initiatives of Ayala-led Manila Water included Tubig Para sa Barangay (Water for the Com-munity Program); “Lingap” pro-gram (Water Provision for Public Service Institutions); the Manila Water University, an in-house school for harnessing and max-imizing the company’s human capital; Kabuhayan Para sa Ba-rangay (Livelihood for the Com-munity Program); and the Suki Vendor (Preferred Vendor) pro- gram. Manila Water was likewise recognized for its environmental programs focused on used water, watershed management, environmental partnerships and climate change mitigation and adaptation programs.

“Manila Water’s perfect alignment between our environmental, social and economic goals puts the company in a distinct advantage to advocate and propagate CSR programs as these are already embedded in our daily operations. These provide us the opportunity to do good things for the society and the environment. All we need is to continue to perform our jobs well to ensure that the benefits redound to our customers and the environment,” Manila Water Group Director for Corporate Operations Geodino Carpio said.

Manila Water was also featured in Beacons of Asia, a compilation of influential business leaders and sustainability advocates in Asia, which emerged as the best entries from the Aces Awards.

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