Wednesday, October 5, 2016

HOLCIM PHILIPPINES JOINS INTEGRITY INITIATIVE, SIGNS ANTI-CORRUPTION PLEDGE

. (Left) Integrity Initiative Executive Director Jose Solomon Cortez and Holcim Philippines President and Country CEO Eduardo Sahagun during the company’s signing of the pledge to uphold ethical business  practices and support the national campaigns against corruption.
Holcim Philippines, Inc. (Philippine Stock Exchange: HLCM) is one of the leading construction solution companies in the country. The Company has a wide range of innovative construction solutions that can help home owners to large contractors in their building needs.  Holcim Philippines is a member of the LafargeHolcim Group, the world leader in the building materials industry with presence in 90 countries and with over 100,000 employees.

Last August 30, Holcim Philippines joined the Integrity Initiative and pledged to continue promoting good governance and strict integrity standards in all its businesses. The pledge is consistent with Holcim Philippines’ policies that state that integrity is a key to sustainable success as it creates trust among stakeholders, enhances its reputation, lowers the cost of doing business and bolsters shareholder value.

Holcim Philippines President and Country CEO Eduardo A. Sahagun and Integrity Initiative Executive Director Jose Solomon B. Cortez signed the Integrity Pledge for their respective organizations.

In June, a study by the ASEAN CSR Network and the National University of Singapore Business School’s Center of Governance showed that Holcim Philippines is among just 10 publicly listed Philippine companies and the lone representative from the cement manufacturing industry that has anti-corruption and anti-bribery policies.

“Signing the pledge is an affirmation of our own integrity policies. Integrity is embedded in how we conduct our business. We make sure we deal with our stakeholders following these ideals, from the way we look after our obligations to the government, develop our relationship with customers, take care of employees, and support the communities that host our plants,” Sahagun said.

Cortez, for his part, said  the Philippines has a “high risk”  economy which is why “the ultimate goal of the Integrity Initiative is to get ethical companies to band together and say to the public that we’re forming a community committed to promote ethical business standards.”

Launched in 2011, the Integrity Initiative creates a culture where private and public sectors commit to ethical business practices, good corporate governance, and work together to achieve a level business playing field.


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