Aboitiz Equity Ventures : CEO Calls For Inclusive Growth Through An Equitable Approach To Global Goals

Aboitiz Group President and Chief Executive Officer Sabin M. Aboitiz joined business leaders across the world at the UN Global Compact Leaders Summitto tackle the converging global crises of the COVID-19 pandemic, climate change, and economic inequity in order to develop a roadmap for sustainable recovery.

As a member of the UN Global Compact and the Global Compact Network Philippines Board of Trustees, the Aboitiz Group was invited to share its unique perspective on the topic of Energy Transition for A Sustainable Future as outlined by the Sustainable Development Goals (SDGs). Aboitiz highlighted the growing social and economic disparity between developed and developing economies, a gap that he believes the policies formed by richer countries should aim to narrow.

‘[Inequality] prevents us from being competitive. It prevents us from providing affordable power, which is a requirement of SDG 7 (Affordable and Clean Energy). It prevents us from achieving SDG 1 (No Poverty) by restricting our capital and redirecting already limited resources elsewhere. We all deserve to be developed countries, so we need to solve this problem, but we cannot do it alone; we need the richer countries to understand that we are not at their level,’ Aboitiz explained.

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