In recognition of its exceptional corporate governance practices, Manuel V. Pangilinan-led Manila Electric Company (Meralco) has received a four-arrow recognition from the Institute of the Corporate Directors (ICD) at the prestigious Golden Arrow Awards held on September 19, 2024 in Pasay City.
The prestigious four-arrow award is the highest level of recognition bestowed by ICD to companies that achieved a score of at least 110 points in the ASEAN Corporate Governance Scorecard (ACGS) assessment in 2023.
Meralco’s recognition reflects the power distributor’s strict adherence to the corporate governance code, rules, and regulations promulgated and enforced by the Securities and Exchange Commission, the Philippine Stock Exchange, the Philippine Dealing and Exchange Corporation, as well as globally recommended corporate governance practices endorsed by the ACGS.
Developed by the ASEAN Capital Markets, ACGS is an evaluation tool that measures the performance of publicly listed companies in the region. This assessment measures how well companies handle stakeholder management, disclosure and transparency, board strategies, and shareholder rights.
The four-arrow award is a testament to Meralco’s steadfast commitment to upholding the highest standards of corporate governance and strong adherence to operating with integrity, fairness, and honesty to safeguard the interests of its shareholders and stakeholders.
ZTE Corporation, a global leading provider of information and communication technology solutions, has once again been listed in the prestigious FTSE4Good Index Series.
This index is a responsible investment (RI) index of FTSE Russell, a London Stock Exchange Group company.
This marks ZTE’s eighth consecutive inclusion in the index. In 2015, ZTE’s H-share was included in the FTSE4Good Index Series, and in 2021, its A-share was also included.
As a frontrunner in the ICT industry, ZTE has been incorporating the ethos of sustainable development into its corporate governance and operational endeavors, continuously elevating its social responsibility performance.
During the recent years, ZTE has actively engaged in global decarbonization and economic transformation, assuming a pivotal role in promoting green development.
This May, the Company expressed its participation in the Science-Based Targets Initiative (SBTi), with the aim to achieve significant reductions in greenhouse gas emissions in line with the 1.5°C temperature rise limitation pathway and ultimately reach net-zero emissions by 2050 at the latest.
In terms of shouldering corporate social responsibility, ZTE has consistently championed the ethos of Tech for Good, making sustained contributions to the betterment of global community.
On the 55th World Telecommunication and Information Society Day (WTISD) this May, ZTE reaffirmed its commitment to ITU’s Partner2Connect Digital Coalition, aiming to play a pivotal role in narrowing the digital divide and facilitating meaningful and sustainable connectivity, as well as driving digital transformation for people in the Least Developed Countries (LDCs).
Regarding corporate governance, ZTE lays emphasis on preventing emerging risks to solidify its position as a highly resilient organization, and has always been adhering to compliance in operation for steady business growth.
As a member of the UN Global Compact and Global Enabling Sustainability Initiative (GeSI), ZTE has proactively released its sustainability reports for 15 consecutive years.
Remarkably, the Company’s sustainability accomplishments have also been recognized by other leading indices and rankings, such as 2022 CDP Environmental Leadership Award, 2022 and 2023 Fortune China’s ESG Influential List, 2022 Forbes World’s Top Female-Friendly Companies.
To learn more about how ZTE delivers social, environmental and governance values, please visit the Company’s FY22 Sustainability Report.
ZTE helps to connect the world with continuous innovation for a better future.
The company provides innovative technologies and integrated solutions, its portfolio spans all series of wireless, wireline, devices and professional telecommunications services.
Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere.
