Environmental sustainability should not be seen as a separate goal from economic recovery and development, as the country’s most pressing problems are best solved through the efficient use of resources coupled with technological advancements, experts agreed at a meeting. a recent forum hosted by leading think tank Stratbase ADR. Institute.
“What I see is not a crisis but an opportunity,” said Professor Victor Andres “Dindo” Manhit, Founder and Managing Director of The Stratbase Group, during the virtual discussion titled “Promoting an Investment-Led and Sustainable Economy” held online on June 23.
“This is an opportunity to build a sustainable environment in partnership with the private sector, which has the capacity to make investments that meet international ESG – environmental, social and governance standards,” Manhit said.
Dale Pascual Jose, national chief technology officer at Microsoft, said technology plays an important role in sustainability efforts because protecting and creating long-term value isn’t just about the amount of data available.
“It’s the quality, including how fast it is and how easy it is to convert it into business decisions,” he said.
Alex Cabrera, governor in charge of the ESG committee of the Management Association of the Philippines, cited a survey that found three things that make people trust companies: how they avoid cyberattacks, how they take care of their employees and how ethical they are. business practices are.
“There is no equal to a corporate policy that says, ‘we are part of the problem, and therefore we should be part of the solution.’
Dr. Carlos Primo “CP” David, head of Philippine Business for Environmental Stewardship (PBEST), said the agenda is to establish that the most important problems we face every day are actually solved by efficient resources – precisely the basic principle of sustainable development.”
“We don’t need to separate defending the environment from solving pressing societal problems. But in doing so, the government must positively engage the private sector,” he said.
Rene “Butch” Meily, president of the Philippine Disaster Resilience Foundation, said while his organization is made up of large corporations, some of which compete commercially, they work together toward a common goal before, during and after disasters. .
“It’s easier to work with the private sector if you don’t always ask them for money, but if you ask them for help in areas where they are already active, whether it’s water or generators , planes or boats, and that’s how all of us work in terms of emergency preparedness,” he said.
Institute of Corporate Directors Trustee Atty. Pedro Maniego Jr. echoed the importance of harnessing our vast renewable energy potential, saying the need to be energy independent is more critical now given the impact of the Russian invasion of Ukraine on fuel supply and prices.
“What we promote is doing well by doing good. Is it possible? Is it doable? It will certainly require a new lens – steward leadership,” he said.
“It’s a combination of leadership, which is the genuine desire and perseverance to create a better future, and stewardship by creating value, integrating the needs of stakeholders and society.”
“It’s critical for businesses to be able to effectively integrate data from a variety of sources and then analyze it through technology.”
Dr. Jose Leviste Jr., Chair of the Environment and Climate Change Committee of the Philippine Chamber of Commerce and Industry, cited the Philippines’ first-ever sustainable finance roadmap that deploys the drivers of finance and green projects across the country.
There is also a loan agreement with the Asian Development Bank – a $250 million policy that makes the Philippines a pioneer in climate policy research.
Elvin Uy, executive director of Philippine Business for Social Progress, said COVID-19 has only exacerbated existing challenges – poverty, unemployment, hunger and malnutrition, learning disabilities, natural disasters and climate change – for the Philippines and the world.
“Restoring and accelerating progress on our SDGs (Sustainable Development Goals) in all countries, including the poorest and most vulnerable, should be a top priority as global and local economies look to recovery. post-COVID, reconstruction and resilience,” he said.
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