The Abotiz Group is studying nuclear energy and small modular reactors as viable zero-carbon energy sources to fuel the Philippines’ energy transformation.
Aboitiz Group first vice president and chief reputation and sustainability officer Ginggay Hontiveros delivered a presentation during the Asia-Pacific business leaders meeting of the APEC Business Advisory Council from Feb. 12 to 14 in Auckland, New Zealand.
“Beyond its decarbonization role, the ABAC Sustainable Growth Working Group recognizes nuclear energy’s viability to fuel the energy transformation of society given its high energy return on investment and its weather independence. Aboitiz’s presentation provides insight into those opportunities and potential challenges,” Aboitiz Group said in a statement.
The group said research and technical development with key stakeholder groups and subject matter experts are paramount to the success of energy transformation.
Aboitiz Group presented other crucial sustainability topics, including decarbonization efforts with nuclear energy and the democratization of climate risk information.
This kickstarted insightful and productive discussions among regional business leaders to develop comprehensive work plans for sustainable growth.
The presentation on a climate risk information platform tackles the gaps in information on climate risk scenarios between economies.
“ABAC recognizes the need to democratize this information. The climate threat is a shared risk and responsibility. A unified platform for free data on climate risk scenarios that helps one economy would help all,” the Aboitiz Group said.
Under the 2023 ABAC theme “Equity. Sustainability. Opportunity.”, the presentations laid the groundwork for ABAC as they plan further measures to advance regional goals.
Four official ABAC meetings will take place in 2023, culminating in the commission of reports and the development of recommendations to be shared in a dialog with APEC leaders and policymakers.
This will ultimately lead to collective leadership and decisive action that will advance common goals for regional sustainability and economic inclusion.
Aboitiz Group president and chief executive and ABAC PH member Sabin Aboitiz is the 2023 ABAC Sustainable Growth Working Group vice chair.
Representing ABAC PH in Auckland are Liveable Cities Challenge chairman and ABAC PH member Guillermo Luz, Hontiveros and ABAC PH lead staffer Patrick Anthony Chua.
