More than 60,000 students across the nation are now benefitting from the Aboitiz Group’s educationelated initiatives last year, amounting to P437 million or about 72% of its total corporate social responsibility (CSR) budget allocation.
Of its P610 million CSR spending in 2014, 21% or P129 million was directed to healthelated and other corporate donations; 5% or P30 million in enterprise development programs, and the remaining 2% or P15 million for environmental initiatives.
This has been the largest amount the Group has allocated so far, up by 26% from P483 million CSR budget in 2013.
“In our focus area of education, our goal is to achieve universal public education by continuing to establish and develop Aboitiz BetterWorld schools that promise a better learning environment,” said Aboitiz Group CEO and President Erramon Aboitiz.
In partnership with the Department of Education (DepEd), the Group, led by its social development arm Aboitiz Foundation constructed of 27 classrooms in Ilocos Sur, Laguna, Albay, and Cebu for TechVoc high schools. Tthe Foundation will continue funding teachers’ training for Technical Education Skills Development Authoity’s (TESDA) NCII certification.
In 2014, the Aboitiz Group allocated budget for the construction of 185 new classrooms to help address the issue of overcrowding and lack of classrooms in public schools nationwide. In the last 26 years, it has do-nated more than 800 classrooms.
The Foundation reported turning over 23 regular classrooms in 9 schools in Benguet, Cebu, and Davao del Sur last year. It also turned over 42 additional Silid Pangarap kindergarten classrooms in partnership with the Aklat , Gabay, Aruga tungo sa Pag-angat at Pag-asa (AGAPP) Foundation, which it has been supporting in the last four years.
Majority of the Founda-tion’s infrastructure building projects last year was focused on the Post-Yolanda Schools Rehabilitation Program where it surpassed its commitment to build or rehabilitate 200 classrooms. Early this year, the Foundation completed physical turnover of 272 classrooms to Northern Cebu schools devastated by the super typhoon. PR
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