Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Aboitiz Equity Ventures Inc    AEV   PHY0001Z1040

ABOITIZ EQUITY VENTURES INC

(AEV)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Aboitiz Equity Ventures : DENR, Aboitiz Group renew partnership for environment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/07/2019 | 06:57am EDT

THE Department of Environment and Natural Resources (DENR) recently renewed its partnership with the Aboitiz Group to promote ecological balance, including the planting of 9 million trees by 2020.

A memorandum of agreement (MOA) was recently signed by the DENR and Aboitiz Group in time for the celebration of World Environment Day on June 5.

The signing of the MOA was undertaken and witnessed by Carlos Aboitiz, Hedcor president, and chief operating officer; David Jude Sta. Ana, Aboitiz Equity Ventures Inc. chief corporate external affairs officer; Sabin M. Aboitiz, AEV COO; Jonas R. Leones, DENR undersecretary for Policy, Planning and International Affairs; Ricardo Calderon, DENR assistant secretary; and Nonito Tamayo, DENR director, Forest Management Bureau.

The Aboitiz Group said it is on track in reaching its 9 million trees target by 2020, after planting a total of 6.6 million trees or 73 percent of the target as of 2018 through its simultaneous tree planting (STP) initiative.

STP is under A-Park-the group's largest environmental program that supports the Expanded National Greening Program (ENGP).

The planting of 9 million trees by the end of 2020 would mean the conversion of an estimated 189,000 tons of carbon dioxide (CO2) into oxygen or the equivalent of about 9,000 hectares of lush reforested areas, or more than 37 times the size of Bonifacio Global City.

In a statement, Sabin reiterated the group's commitment to the DENR's programs.

'We strongly believe and adhere to the DENR's mandate to protect the environment and we anchor our initiatives to the ENGP to sustain ecological balance. Our enduring partnership with the DENR for community-based forest management is a testament to our shared responsibility and highlights our contribution to the United Nations Sustainable Development Goal on Climate Action,' Sabin said.

Since 2010 Aboitiz team-member volunteers gather in chosen planting sites in various parts of the country to plant indigenous trees, a manifestation of their commitment to environmental stewardship. Aboitiz is currently one of DENR's active ENGP partners.

'This MOA signing is a crucial step toward ensuring continuity in making a positive impact on our national development. It represents the essence of the Aboitiz Group purpose and brand promise: to drive change for a better world by advancing business and communities,' Aboitiz added.

This July, the Aboitiz Group will further contribute to A-Park at its annual STP activity, where an estimated 95,000 seedlings will be planted by Aboitiz team members and stakeholders nationwide.

Under the MOA, the DENR will offer additional support by mobilizing all its bureaus, attached agencies, and DENR regional offices to provide support for the implementation of the A-Park project; providing technical assistance in identifying a possible site, for planting and species-site matching; and assisting in the documentation of planted trees, which includes geo-tagging, plantation registry, and mapping, among others.

The Aboitiz Group is investing P500 million as part of its carbon management program. Other environmental programs include waste reduction through the group's 'Race to Reduce' program and the Aboitiz Cleanergy Park, home to the critically endangered hawksbill turtle or pawikan. All these programs are strategically implemented among all Aboitiz business units.

(c) 2019 Business Mirror Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABOITIZ EQUITY VENTURES IN
09/06ABOITIZ EQUITY VENTURES : Wild finish looms as Alido steals show
AQ
09/04ABOITIZ EQUITY VENTURES : Alido, 8 others crowd Aboitiz leaderboard
AQ
09/03ABOITIZ EQUITY VENTURES : Aussie eyes back-to-back wins in Aboitiz Invitational
AQ
09/02ABOITIZ EQUITY VENTURES : Big-hitting Aussie targets Aboitiz Invitational repeat
AQ
08/31ABOITIZ EQUITY VENTURES : Invitational draws stellar cast
AQ
08/31ABOITIZ EQUITY VENTURES : Invit'l back at Wack Wack
AQ
06/21ABOITIZ EQUITY VENTURES : signs deal with Frontier Tower for common cell sites
AQ
06/21ABOITIZ EQUITY VENTURES : Frontier Tower sign deal for common cell sites
AQ
06/20ABOITIZ EQUITY VENTURES : AEV to raise P5 billion from bond float
AQ
06/07ABOITIZ EQUITY VENTURES : DENR, Aboitiz Group renew partnership for environment
AQ
More news
Financials (PHP)
Sales 2019 208 B
EBIT 2019 37 879 M
Net income 2019 20 709 M
Debt 2019 212 B
Yield 2019 2,47%
P/E ratio 2019 14,7x
P/E ratio 2020 12,4x
EV / Sales2019 2,47x
EV / Sales2020 2,31x
Capitalization 301 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 55,90  PHP
Last Close Price 53,95  PHP
Spread / Highest target 16,4%
Spread / Average Target 3,61%
Spread / Lowest Target -9,18%
EPS Revisions
Managers
NameTitle
Erramon Isidro Aboitiz President, CEO & Executive Director
Enrique M. Aboitiz Chairman
Sabin M. Aboitiz Chief Operating Officer & Executive Vice President
Manuel Ramirez Lozano CFO, Senior VP & Corporate Information Officer
Justo A. Ortiz Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ABOITIZ EQUITY VENTURES INC5 835
NEXTERA ENERGY, INC.30.91%109 015
ENEL S.P.A.35.57%76 723
DUKE ENERGY CORPORATION10.08%69 217
DOMINION ENERGY, INC.13.88%66 887
IBERDROLA30.46%64 280