The Bank of the Philippine Islands (BPI) says many companies need to improve their sustainability risk consciousness to come up with better business continuity plans as new risks, such as the coronavirus disease 2019 (COVID-19) pandemic, become more likely possibilities in the future.
Jo Ann Eala, Head of BPI Sustainable Development Finance (SDF), said COVID-19, a rare but high-impact event, has opened the eyes of many, but there are existing, oft-ignored environmental, social, and governance (ESG) risks which also require urgent attention.
Jo Ann Eala, Head of BPI Sustainable Development Finance
“Businesses must anticipate, prepare, and quickly adapt to the evolving global landscape. Sustainable and risk-conscious businesses are those that will survive during trying times. Risk consciousness, risk preparedness, and risk mitigation are key to sustainability,” she said.
Ms. Eala explained that BPI’s programs have promoted the inclusion of sustainability as part of clients’ business models, harnessing the Bank’s experience as the sustainability pioneer and leader in the Philippines since 2008. But as the world is hit with a pandemic of this scale, companies must now learn how to make use of risk-mitigating tools such as those used by BPI SDF to adapt, mitigate, and recover amidst the new normal.
“We are navigating unchartered waters as a result of this global pandemic which no one was prepared for. We need to adopt a new mindset that will change the way we do business,” she said.
She added that managing daily operations going forward will likely include the following:
Save on resources and reduce costs
save electricity and water
maximize manpower
shift to less extravagant packaging and advertising
opt for local vs. imported components of production
cut non-essentials
reduce transport and logistics
Choose efficient ways of doing business
automate and go digital via secure platforms
adopt technological innovations
go paperless
shift to higher efficiency equipment
choose virtual communications and marketing vs traditional channels
Go back to basics
focus on simple products that meet basic needs
go natural
go local
drive down your carbon footprint
Manage business risks and build hazard resilience
know your business risks – natural and man-made
identify your weaker links
mitigate organizational risks
set up business continuity plans
“Remember that environmental and climate risk hazards like earthquakes, typhoons, flooding, and drought will not stop because there is a pandemic outbreak. Natural calamities will not give humans a reprieve, just because we are already suffering. It took COVID-19 for us to realize that risk management is a necessary component of business strategies,” she said.
BPI is offering the SDF program as a risk management tool for its clients and other stakeholders, as the bank helps clients achieve climate resilience and preparedness, noting that most industries are affected by the economic downturn caused by the wide-spread lockdowns across the country and the world. The SDF program allows clients to benefit from experts in energy efficiency, renewable energy, and climate resilience through free technical and financial advice for both large corporates and SMEs.
In the 3rd quarter of 2020, when businesses hopefully get back to some semblance of normalcy, BPI will be offering free webinars for SMEs as well as larger companies to save on electricity, produce renewable energy, shift to green buildings and more resilient climate-controlled animal housing facilities, and implement measures for business continuity should another pandemic hit.
Ms. Eala said BPI has been reporting its sustainable finance initiatives in the Bank’s annual integrated report. Compliance with a Sustainable Finance Framework (SFF) has recently been made a requirement by the Bangko Sentral ng Pilipinas, compelling Philippine banks and financial institutions to incorporate ESG and sustainability principles into their corporate strategy, risk management, and bank operations framework.
She said this is a process and the pandemic may serve as the impetus for more businesses to start the journey. By helping clients include sustainability practices in their businesses, BPI is able to contribute to the UN Sustainable Development Goals, which are part of its own goals as a bank.
“Together with our clients and partners, we aim to harness our resources so we can bequeath a more sustainable world to the next generation, a generation that will be more conscious of the fact that good environmental, social and governance practices can no longer be ignored and should always be part of a short and long-term business plan,” she said.
HEARD provided translator assistance to Manila Doctors Hospital’s deaf program through the Filipino Sign Language (FSL) Access Team for COVID-19. It is composed of volunteer doctors, healthcare professionals, sign language interpreters, technology professionals in delivering quality healthcare for the deaf.
Rahul Hora, President & CEO of AXA Philippines
“Proper dissemination of information is vital to the management and containment of the ongoing pandemic,” says Rahul Hora, AXA Philippines President & CEO.
“While we are getting information from all media platforms, the deaf community does not have easy access. Through our advocacy and with the help of the FSL Access Team, the hearing-impaired will now have a better understanding of the ongoing health crisis.”
Aside from providing translator assistance, AXA Philippines has also donated 100 food packs to deaf patients and has given 19 units of respirators to the hospital which will be donated to public medical centers soon.
AXA Philippines also made a monetary donation to the Philippine Red Cross to procure surgical masks and food packs to all volunteers, which were distributed to 37 hospitals around Metro Manila and Rizal Province.
To know more about AXA Philippines corporate social responsibility efforts, visit www.axa.com.ph.
The times have changed and the new normal calls for more than your average clean as experts say it will take longer before the world completely heals from the effect of COVID19. As the country prepares to ease up after the almost three months of Enhance Community Quarantine, Hotel Sogo steps up for its version of the hotel industry’s ‘new normal’.
Hotel Sogo is doing various ways to ensure the safety and security of its guests and employees against the spread of Covid19 virus, once they go back to regular operations. Top on its list will be the use of ultraviolet (UV) lights in disinfecting around its facilities and intensified the process from checking-in to ordering food to make sure their facilities as So Clean. The ultraviolet (UV) lights are highly effective at disinfection, as its rays are capable of killing bacteria, germs, and viruses.
To prepare its employees in servicing its guests, Hotel Sogo makes sure to protect its employees from the virus by giving them vitamins to boost their immunity and provided personalized PPEs. Hotel Sogo employees have their medical check-ups and Covid19 testing to make sure that their personnel is free from the virus to make sure that the employees and not just the facilities are So Good and ready for their regular operations.
Guests need not worry during their stay Hotel Sogo ensures that operations and preparations are So Safe, as mandatory temperature checks, passage through disinfecting tent, and use of disinfecting foot tray are in place. The availability of hand sanitizers in common areas is strictly observed, as well as social distancing from the receiving process to elevator use going to their rooms. Facilities are also redesigned and modified to protect the guests and employees, like placing the glass panel divider on top of the front desk.
All of this information can be found in Hotel Sogo’s ‘new normal’ video playbook. The video is shared with relevant government agencies like the Department of Health (DOH), Overseas Workers Welfare Administration (OWWA), and the Department of Tourism (DOT), in the hope that the video could serve as a benchmark of other similar establishments prior to their reopening.
Watch Hotel Sogo’s ‘new normal’ playbook video below to know more.
During the global Space Apps COVID-19 Challenge, participants from around the world will create virtual teams that – during a 48-hour period – will use Earth observation data to propose solutions to COVID-19-related challenges ranging from studying the coronavirus that causes COVID-19 and its spread to the impact the disease is having on the Earth system. Registration for this challenge opens in mid-May.
“There’s a tremendous need for our collective ingenuity right now,” said Thomas Zurbuchen, Associate Administrator for NASA’s Science Mission Directorate. “I can’t imagine a more worthy focus than COVID-19 on which to direct the energy and enthusiasm from around the world with the Space Apps Challenge that always generates such amazing solutions.”
The unique capabilities of NASA and its partner space agencies in the areas of science and technology enable them to lend a hand during this global crisis. Since the start of the global outbreak, Earth science specialists from each agency have been exploring ways to use unique Earth observation data to aid understanding of the interplay of the Earth system – on global to local scales – with aspects of the COVID-19 outbreak, including, potentially, our ability to combat it. The hackathon will also examine the human and economic response to the virus.
ESA will contribute data from the Sentinel missions (Sentinel-1, Sentinel-2, and Sentinel-5P) in the context of the European Copernicus program, led by the European Commission, along with data from Third Party contributing Missions, with a focus on assessing the impact on climate change and greenhouse gases, as well as impacts on the economic sector. ESA also is contributing Earth observation experts for the selection of the competition winners and the artificial-intelligence-powered EuroDataCube.
“EuroDatacube will enable the best ideas to be scaled up to a global level,” said Josef Aschbacher, Director of Earth Observation Programmes at ESA. “The pandemic crisis has a worldwide impact, therefore international cooperation and sharing of data and expertise with partners like NASA and JAXA seem the most suitable approach.”
JAXA is making Earth-observing data available from its satellite missions, including ALOS-2, GOSAT, GOSAT-2, GCOM-C, GCOM-W, and GPM/DPR.
“JAXA welcomes the opportunity to be part of the hackathon,” said JAXA Vice President Terada Koji. “I believe the trilateral cooperation among ESA, NASA, and JAXA is important to demonstrate how Earth observation can support global efforts in combating this unprecedented challenge.”
Space Apps is an international hackathon that takes place in cities around the world. Since 2012, teams have engaged with NASA’s free and open data to address real-world problems on Earth and in space. The COVID-19 Challenge will be the program’s first global virtual hackathon. Space Apps 2019 included more than 29,000 participants at 225 events in 71 countries, developing more than 2,000 hackathon solutions over the course of one weekend.
Pinoy developers used NASA’s free and open data to solve real-world problems on Earth and space.
Many Filipinos participated in this annual hackathon since 2016. Recently, a dengue mapping forecasting system was developed by data scientists from CirroLytix using satellite and climate data with the goal of addressing the sustainable development goals of the United Nations.
This web application, called Project AEDES won globally for the best use of data. “Earth observation data has the potential to be used in fighting epidemics and outbreaks threatening humanity nowadays, as well as to analyze its socio-economic impact,” according to software developer Michael Lance M. Domagas, who led the Philippine hackathon in collaboration with De La Salle University, PLDT, Department of Science and Technology, United Nations Development Programme, and the U.S. embassy. The very first Philippine winner used citizen science and environmental data to develop a smartphone application informing fishermen the right time to catch fish. ISDApp is currently being incubated at Animo Labs.
Space Apps is a NASA-led initiative organized globally in collaboration with Booz Allen Hamilton, Mindgrub, and SecondMuse. The next annual Space Apps Challenge is scheduled for October 2-4.
Our love and support to our courageous frontliners facing the battle against #COVID19. Let us protect our frontliners in the government and medical community and do our part in order to help them. #StayAtHomeForUs
To date, Hotel Sogo has already donated P60 million worth of room accommodations for health workers during the ECQ. The donation of 800+ rooms for the use of frontliners is in cooperation with eleven Hospital Directors and the Mayors of Alabang, Caloocan, Makati, Manila, Molino, Naga, Pasay, and Quezon City.
We are one with the country in fighting the battle against COVID-19.
The Bank of the Philippine Islands (BPI) says many companies need to improve their sustainability risk consciousness to come up with better business continuity plans as new risks, such as the coronavirus disease 2019 (COVID-19) pandemic, become more likely possibilities in the future.
AXA Philippines also made a monetary donation to the Philippine Red Cross to procure surgical masks and food packs to all volunteers, which were distributed to 37 hospitals around Metro Manila and Rizal Province.
The times have changed and the new normal calls for more than your average clean as experts say it will take longer before the world completely heals from the effect of COVID19. As the country prepares to ease up after the almost three months of Enhance Community Quarantine, Hotel Sogo steps up for its version of the hotel industry’s ‘new normal’.
The U.S. space agency 
“There’s a tremendous need for our collective ingenuity right now,” said Thomas Zurbuchen, Associate Administrator for NASA’s Science Mission Directorate. “I can’t imagine a more worthy focus than COVID-19 on which to direct the energy and enthusiasm from around the world with the Space Apps Challenge that always generates such amazing solutions.”
“EuroDatacube will enable the best ideas to be scaled up to a global level,” said Josef Aschbacher, Director of Earth Observation Programmes at ESA. “The pandemic crisis has a worldwide impact, therefore international cooperation and sharing of data and expertise with partners like NASA and JAXA seem the most suitable approach.”
Our love and support to our courageous frontliners facing the battle against #COVID19. Let us protect our frontliners in the government and medical community and do our part in order to help them. #StayAtHomeForUs
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