Pilipinas Shell Petroleum Corporation: Best Energy Corporate Governance Philippines 2020


Pilipinas Shell has been powering the lives of Filipinos for over 100 years. Starting as the Asiatic Petroleum Company (Philippine Islands), Ltd in 1914 selling cased kerosene, and subsequent corporate transformations thereafter, the Company’s businesses were eventually consolidated into Pilipinas Shell Petroleum Corporation, and since then has proven itself as a trusted partner in nation-building, a good neighbor and continues to strive as a world-class investment case. It credits its consistent record of solid financial performance to a comprehensive governance code, and strong and fit for purpose corporate structure that is guided by its core values of honesty, integrity and respect for people. All employees are guided by the Company’s Code of Conduct – doing things the right way without taking shortcuts. This has been the Company’s guiding principle in having a well-built integrity culture. Pilipinas Shell cites its success from its people. It attracts and retains diverse world-class talents with compelling and impactful career opportunities across the world. The employees’ dedication, creativity and resilience have sustained and made the Company an established corporate leader in the Philippines. Pilipinas Shell strives to be a good neighbour and contributes to community wellbeing through the Pilipinas Shell Foundation, Inc. (“PSFI”), its non-profit arm.  PSFI championed the Philippines’ Movement Against Malaria health program that decreased the malaria deaths in the Philippines by 97% over the course of 20 years.  The foundation invests in education and healthcare, brings power to off-grid communities and engages with environmental partners. Pilipinas Shell is taking the necessary steps to lead in this era of energy transition, by reducing the carbon footprint in its existing assets, and introducing cleaner competitive products. The Company has recently updated its retail stations with greener features such as the installation of solar panels and Eco Bricks (bricks made from recycled Shell lubricants containers) and will soon launch its industrial-scale solar farm that is considered as one of the largest in Southeast Asia this year. The CFI.co judging panel approves of the Company’s adaptive business approach and long-term commitment as a partner in nation building. The judges present Pilipinas Shell Petroleum Corporation with the 2020 award for Best Energy Corporate Governance (Philippines).