Petron Corp. has been recognized for its sustainability practices by Singapore-based Channel NewsAsia.
The 2015 Channel NewsAsia Sustainability Ranking, a collaborative effort of regional broadcaster Channel News Asia and research firms CSR Asia, and Sustainalytics, recognizes 100 publicly-listed Asian companies who have put exceptional programs to address corporate sustainability issues, such as environmental and supply chain management and transparent governance (ESG).
The ranking also highlights top 20 companies and top three businesses per country. Countries covered in the ranking include China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Thailand and Japan.
“As an oil refining and marketing company based in the Philippines, Petron’s environmental management system is certified to ISO-14001 standard with periodic monitoring and auditing of its environmental performance,” the Sustainability Ranking stated in its website.
“It is an honor for Petron to be named one of the most sustainable companies in the country. This recognition affirms our commitment to continue to improve the way we do business and make a positive impact on society and the environment, ” said Petron President and CEO Ramon S. Ang.
Petron owns and operates a 180,000 barrel-per-day refinery in Limay, Bataan in northern Luzon, which is the first facility of its kind to reach the internationally-recognized Integrated Management System (IMS) standard. All of its 30 depots and terminals are likewise IMS-certified, underscoring strict adherence to global standards on process quality, workplace safety and more importantly, environmental management.