Moreover, the Ayala name is so closely associated with philanthropy and social responsibility that all of its businesses and employees are ready and willing to rise to the occasion when they are called to give.
In 2011, two Ayala companies, the Bank of the Philippine islands and Globe Telecom, launched a platform named BPI Globe BanKO (a play on words meaning “my bank”) toe help and empower micro entrepreneurs by providing financial advice and aid to those who could not access traditional banks.
Under Jaime Augusto’s leadership, the Ayala executives pooled together their resources and in one lunch hour, raised 25 million pesos to be used as a way to fund the thousands of mom and pop stores across the country.
While some companies may regard corporate social responsibility, as a threat to sustained profitability, the Ayala group sees it as a way to create new opportunities to build competitiveness, a higher level of trust among stakeholders, and deepen economic development.
Because Ayala Group is the oldest and largest business conglomerates in Philippine, Jaime Augusto feels social responsibility to support local businesses, I think. I think he consider that he has a responsibility to make Filipino people happy.
Do you think there is value in supporting small local businesses?
I think there is value in supporting small local businesses. In Japan, there are a lot of small local companies which have special skills any other companies can not alternate. Supporting such companies is rally a lot of value, I think.
Our company has tackled mainly about environmental problems. For example, we have settled a lot of solar panels in our island and introduced Hydrogen cars and forklifts. Farther more we deal with reducing to use plastic bags.
Hey Ko! You raise the bar each time we have a lesson and that is certainly one of the secrets to success. NEVER SETTLE FOR ANYTHING LESS THAN YOUR BEST. There are still a lot of things to learn but on what we have learnt today and before I am very happy with your use and application of the new vocabulary gained in your day to day interactions. Regards,