RCBC forum: transition to sustainable business operations challenging, but attainable

Businesses that transition to sustainable operations can balance financial priorities with long-term strategies that are environmentally and socially sound.

This was the key takeaway during Rizal Commercial Banking Corporation’s (RCBC) 2nd forum on sustainability entitled “Advocating Sustainability as a Serious Business”, which was held recently at RCBC Plaza. The discussion was led by RCBC executives Gabby Tomas, RCBC Chief Risk Officer, and Beth Coronel, RCBC EVP and Head of Corporate Banking. Joining them in the panel were Glenda Anisco-Niño, Partner for FSO Assurance, Climate Change and Sustainability of SGV & Co., and Atty. Leonido Pulido, former Assistant Secretary of the Department of Energy.

Huawei: Digital Innovation Never Stop for a Greener Intelligent World

Ken Hu, Huawei's Rotating Chairman, speaking at HAS 2022

Huawei plans to boost investment in innovation to build new products, to enhance and accelerate new technologies. The company held its 19th annual Global Analyst Summit in Shenzhen from April 26 to 27.

For more than 30 years, Huawei have been innovating nonstop to create value for our customers and society. Innovation has become a core part of Huawei's DNA. Despite considerable operational challenges over the past few years, we have continued to steadily increase our investment in R&D. For nearly a decade, our strategy has been to re-invest at least 10% of our annual revenue back into R&D. Last year, we invested 22%. Huawei's Rotating Chairman Ken Hu said during the event.

Hu went on to discuss the specific initiatives that Huawei is working on to realize its vision for the future. "We are currently focusing on three areas: strengthening our approach to innovation, equipping all industries with the tools and knowledge they need to go digital, and helping build a low-carbon world."

Businesses commit to more sustainable paths forward post-pandemic

With the continuing battle against plastic pollution in the country, Philippine business leaders highlight their initiatives and show support for the Extended Producer Responsibility.  

Extended Producer Responsibility or EPR is an environmental policy approach introduced in the 1990s for accelerating the transition to sustainable waste management and a circular economy and more and more businesses worldwide are on board. 

EPR relies on two factors - improvement of product design and recyclability and improvement of waste management systems - and businesses here in the Philippines have stepped up to the challenge, taking sustainability seriously, by working on both upstream and downstream measures to address the plastic crisis. 

Coca-Cola Philippines is continuously moving forward with its “World Without Waste” campaign, a global effort of the Coca-Cola Company that aims to successfully recycle used bottles to new ones. In the Philippines, Coca-Cola’s one-billion-peso recycling facility is already nearing completion with a target to be open this year.