GOING GREEN | Covid pandemic reveals investor preference for sustainable businesses

January 27, 2022 , 02:03 PM

Manila, Philippines – Investor preference for companies with sound environmental and social practices has been highlighted by Covid-19, as markets have clearly shifted towards more resilient businesses since the onset of the pandemic. Thus, corporate sustainability strategies are increasingly becoming more significant around the world, with climate risk emerging as a make-or-break issue for investors and other stakeholders.

This was one of the highlights of the 5th installment of the Upsilon Sigma Phi Climate Action Network (UpsilonCAN) webinar series entitled “Getting to Net Zero Through Climate Finance” held last Saturday, January 22. According to guest speaker Michael Arthur Sagcal, Philippine Country Representative of Washington, D.C. firm Astris Finance, “Markets now price climate risk into the value of investments. A company’s environmental and social impacts are now factored into the investment decision process on top of financial returns.”

In previous installments of the series, speakers from Unilever Philippines, First Gen, and Iloilo electricity distribution utility MORE Power all presented their respective companies’ sustainability efforts towards creating positive environmental and social impacts in line with their business operations.

Sagcal added that so-called ESG standards (environmental, social, and governance) will become the universal metric for measuring a company’s sustainability performance, especially with the creation of the International Sustainability Standards Board which was announced during the United Nations Framework Convention on Climate Change’s (UNFCCC) 26th Conference of Parties (COP 26) held in Glasgow last November.

His presentation focused on the role of climate finance in enabling us to achieve the goal of net-zero carbon emissions by 2050, emphasizing that the climate change crisis has mobilized governments, organizations, and individuals to take immediate action against global warming. Pursuant to the Paris Agreement, developed nations have pledged ambitious contributions of USD 100 billion per year towards this goal, and the combined amounts mobilized by the public and private sectors for sustainability initiatives averaged USD 632 billion in 2019 and 2020. In the US, the largest banks have pledged to allocate around $ 4 trillion towards sustainable, climate, and green efforts over the next decade.

The presentation was followed by a lively discussion between the speaker and enthusiastic participants which was moderated by Dominic Afuang, head of East Asia supply chain.

The Climate Action Network is a series of virtual events sponsored by Upsilon Sigma Phi. Led by government officials and private sector leaders from the Philippines as well as experts around the world, the initiative seeks to elevate ongoing discussions on the global climate crisis through information sharing, encouraging engagement, and empowering activism. In pursuit of its slogan: “Saving our Planet, One U-Talk at a Time!”, the UpsilonCAN initiative will continue to host a series of online webinars to tackle the issue of climate change.

For more information on past and future events or to sign up, visit http://upsiloncan.eventbrite.com/.

Privacy Statement

Our Privacy Commitment

TV5 Network Inc. values and respects your privacy. We are committed to safeguarding your personal data in compliance with Republic Act No. 10173 or the Data Privacy Act of 2012 and its implementing rules and regulations.

We have developed a Privacy Policy that adopts and observes appropriate standards for personal data protection. While our Privacy Policy sets out the general principles governing the collection, use, and disclosure of our users’ personal information, our Privacy Commitment seeks to inform you more about TV5’s privacy practices.

Why do we collect your personal information (as applicable)?

We may collect and maintain basic information about you as site user of TV5 sites for the following purposes:

To deliver news and updates on current events, sports, esports and entertainment;
To share livestreams of news and sports events;
To understand our viewers’ needs and preferences;
To meet legal and regulatory requirements; and
To perform other processes or disclosures that are required to comply with pertinent laws, rules, or regulations.

Where do we get your personal information?

There are several ways we collect your personal information.

Information that you personally provided.

Most of the personal information we have are those that you have provided us when you:
- Register to our programs or services;
- Inquired, filed a complaint or requested for our services;
- Took part in our research and surveys; and/or
- Became our Partner, Vendor, Contractor or Supplier.

Information we collect during your engagement with us

We also collect information as you use our products and services, like:
- Viewing our websites;
- Activities that are being tracked by our website cookies;
- Calling our hotline;
- Using our apps, websites, and self-service channels and portals; and/or
- Joining our promos, prize raffles, or rewards and loyalty programs.

Information we collect from other sources

Other means of collection of information may be through:
- Our market research initiatives;
- When you visit and use our websites and mobile application; and
- Subsidiaries, affiliates, and third-party business partners to whom you have given consent to share your information to us.

When do we disclose personal information?

There may be instances when we are required to share the information you provided us. In such cases, we ensure that your personal information will be disclosed on a confidential manner, through secure channels and in compliance with the Data Privacy Act and other privacy laws.

We will never share, rent, or sell your personal information to third parties outside of TV5 except in special cases where you have given consent, and in cases described in our privacy policy.

In some instances, we may be required to disclose your personal information to our agents, subsidiaries, affiliates, business partners and other third-party agencies and service providers as part of our regular business operations and for the provision of our programs and services. This means we might share your information with our service providers, contractors, and professional advisers who help us provide our services.

How we protect your personal information

The integrity, confidentiality, and security of your information is important to us. We have implemented technical, organizational, and physical security measures that are designed to protect your information from unauthorized or fraudulent access, alteration, disclosure, misuse, and other unlawful activities.

We also put in effect the following safeguards:

We keep and protect your information using a secured server behind a firewall, encryption and security controls;
We keep your information only for as long as it is necessary for us to (a) provide the products and services that you avail from us, (b) for our legitimate business purposes, (c) to comply with pertinent laws, and (d) for special cases that will require the exercise or defense of legal claims;
We limit the access to your information only to qualified and authorized personnel who are trained to handle your information with strict confidentiality;
We undergo regular audits and rigorous testing of our infrastructure’s security protocols to ensure your data is always protected;
We promptly notify you and the National Privacy Commission when sensitive personal information that may, under the circumstances, be used to enable identity fraud are reasonably believed to have been acquired by an unauthorized person; and
We let you update your information securely to keep our records accurate.

TV5 will not collect, use, or disclose your personal information for any purpose other than the purpose that you may have given your consent for.

What are your choices?

We make sure that we have your consent to continue to collect, use, and disclose your personal information for the purposes that we have identified. We want you to know that you may object or withdraw your consent and/or edit your consent preferences at any time.

If you wish to have access to the personal information in our custody or if you think that the personal information you provided is incomplete, or otherwise inaccurate, you may get in touch with our Data Protection Officer through the contact details provided below. In some instances, we may request for supporting documents or proof before we effect requested changes.

Data Protection Officer
TV5 Network Inc.
Reliance corner Sheridan Streets
Mandaluyong City
tv5dataprivacy@tv5.com.ph

What happens when there are changes in our Policy?

From time to time, we may update our privacy policy and practices to comply with changes in applicable laws and regulatory requirements, adapt to new technologies and protocols, and align with the best practices of the industry.

You will be provided notices if the changes are significant and, if we are required by law, we will obtain your updated consent.