International Container Terminal Services, Inc.- among PH’s best companies

International Container Terminal Services, Inc. (ICTSI) has once again been recognized by leading investment institutions and agencies as one of the top Asian companies that has shown all-round governance excellence and social responsibility efforts.

In the recently concluded 2022 Asia’s Outstanding Companies Poll by Asiamoney, ICTSI was named the most outstanding company in the Philippines under the Transportation Sector category. The citation was based on the company’s financial performance, management team excellence, investor relations, and corporate social responsibility (CSR) initiatives.

Over 1,200 fund managers, research analysts, and bankers took part in the voting across 12 markets in Asia.

Meanwhile, at the 13th Asian Excellence Awards, Hong Kong-based Corporate Governance Asia named ICTSI as the Best Investor Relations Company in the Philippines and was adjudged Asia’s Best CSR.

For his superior leadership and excellence in driving ICTSI’s overall management and growth, Enrique K. Razon Jr., ICTSI chair and president, was hailed Asia’s Best CEO (Investor Relations) while Rafael D. Consing Jr., former Senior Vice President and Chief Financial Officer, was named Asia’s Best CFO (Investor Relations). Arthur R. Tabuena, ICTSI Treasury Director and Head of Investor Relations, was also recognized as the Philippines’ Best Investor Relations Professional.

The Asian Excellence Awards recognizes companies for their achievements and superiority in management acumen, financial performance, corporate social responsibility, environmental practices and investor relations. Winners were selected from China, Hong Kong, India, Japan, Korea, Indonesia, Malaysia, Singapore, Taiwan, Thailand, Vietnam, and the Philippines.

Adding to the list of awards recognizing ICTSI for its governance excellence is Alpha Southeast Asia that cited the company as one of the best managed companies in the Philippines – clinching three awards in the 13th Annual Institutional Investor Awards.

ICTSI led PLCs in the country for having the Best Strategic Corporate Social Responsibility (CSR) and the Best Annual Report in the Philippines.

The only poll focused on Southeast Asia, the Institutional Investor Awards gauges performance in financial management, adherence to corporate governance, integrated reporting/CSR & IR.

Still in recognition of the Company’s commitment towards responsible stewardship, the Institute of Corporate Directors (ICD) rated ICTSI as one of the high-ranking PLCs in the Philippines based on the Asean Corporate Governance Scorecard (ACGS).

Lauded with three Golden Arrows for garnering a score between 100 to 109 points, the Company maintains commendable compliance with the best practices in the following areas: Board responsibilities, disclosure and transparency, rights of shareholders, equitable treatment of shareholders; and role of stakeholders.

Benchmarked against international best practices, the ACGS’ rigorous methodology provides foreign investors and external fund managers with comparable information from which to base their investment decision-making process.

Lastly, Cxociety and FutureCFO recognized ICTSI for its Leadership in Sustainable Environmental, Social and Governance, particularly for the company’s efforts to accelerate its digitization agenda during the pandemic and the implementation of a global cash pool program in 2023 to supports its capital expenditure and deleveraging programs.

The FutureCFO Excellence Awards recognize the best of finance professionals from across the region, industries and functions. The Awards applaud the invaluable contribution of finance towards the transformation and growth of organizations.

Christian R. Gonzalez, ICTSI executive vice president, compliance officer and chief sustainability officer, welcomed these citations for ICTSI and its key officers: “Amidst an ever-evolving regulatory environment, these recognitions affirm that we are on the right track in ensuring ICTSI’s Group-wide commitment to sound, prudent and effective management – the bedrock of business sustainability. Our continuing adherence to good corporate governance, in turn, fulfills our vision to build long-term stakeholder and shareholder value.”

ICTSI continues to deliver positive and sustainable growth in ports worldwide, part of its efforts of guaranteeing good corporate governance. The Company is set to announce a decarbonization target for Scopes 1 and 2 by the end of 2023 as part of its efforts to contribute to the fight against climate change, while four of its largest operations in the Americas – Contecon Guayaquil in Ecuador, Contecon Manzanillo in Mexico, and Tecon Suape & Rio Brasil Terminal in Brazil recently achieved carbon neutral certifications.

On top of key governance frameworks in place, ICTSI likewise rolled out a new Supplier Code of Business Conduct before the end of 2022 to promote transparency and fairness in the Company’s dealings and relationships with key suppliers.