BOI cites ICTSI’s economic contribution
The Board of Investments (BOI) recently presented to International Container Terminal Services, Inc. (ICTSI) the 2017 Guinogulan Award for Large Enterprises for its significant contribution to the country’s economic growth.
The Guinogulan, which means “Lord of Gold” in Filipino, recognizes BOI-registered companies that contribute to the country’s economic growth through capital infusion, employment generation, introduction of new technologies and innovation, implementation of community relations, economic linkages, and adoption of inclusive business models in their operations.
ICTSI Senior Vice President and Asia Pacific Region Head Christian R. Gonzalez highlighted ICTSI’s inclusive business strategies in people management, stakeholder relations, environment and sustainability, and corporate social responsibility (CSR).
“We have long-term concessions. The very nature of our contracts would allow us to think and plan long term for our employees, the communities we are in, the governments we work with, the businesses and stakeholders in the supply chain, and the environment. We have to think sustainably from the very start to survive as a business,” he explained.
ICTSI Philippine employees are given the opportunity to work abroad in the Group’s global operations with the assurance that their jobs are secure when they return home. “Employees on overseas assignment are given expatriate remuneration. They are expected to rollout ICTSI’s brand of terminal operations in a foreign port, but when they go back home, they have to share the knowledge they acquired overseas,” said Gonzalez.
In providing value and in ensuring businesses and stakeholders in the supply chain remain profitable, ICTSI implements leading edge port technology and innovation to allow seamless systems and processes, and transparency; and a more empowered client base that could easily make decisions with the real-time information that ICTSI provides.
“The technologies we employ, aside from providing value to all stakeholders in the supply chain, guarantee that all aspects of ICTSI’s port operations are environmentfriendly. Key considerations to our recent equipment acquisitions are carbon emission and noise pollution levels, and fuel efficiency, among others,” he added.
On CSR, Gonzalez said “the best CSR programs are the ones often unheard of. Through our ICTSI Foundation, we have implemented programs that provide support mechanisms to the youth in the areas of education, health and community welfare, and sports. We’ve closely coordinated with public schools and hospitals in our immediate communities. We’re not only doing this locally, but globally.”