International Container Terminal Services, Inc. (ICTSI) has received the most outstanding company in the Philippines’ award under the Transportation Sector category.
This recognition was given in the recently concluded 2022 Asia’s Outstanding Companies Poll by Asiamoney.
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.
Other leading investment institutions and agencies have recognised ICTSI as among the most well-performing companies within the region.
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.
Moreover, Enrique Razon Jr., ICTSI Chair and President, was hailed Asia’s Best CEO (Investor Relations) while Rafael Consing Jr., former Senior Vice President, and Chief Financial Officer, was named Asia’s Best CFO (Investor Relations). Arthur Tabuena, ICTSI Treasury Director and Head of Investor Relations, was also recognised as the Philippines’ Best Investor Relations Professional.
The Asian Excellence Awards recognises 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.
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Adding to the list of awards recognising 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.
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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).
Lastly, Cxociety and FutureCFO recognised ICTSI for its Leadership in Sustainable Environmental, Social and Governance, particularly for the company’s efforts to accelerate its digitisation agenda during the pandemic and the implementation of a global cash pool programme in 2023 to supports its capital expenditure and deleveraging programmes.
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The FutureCFO Excellence Awards recognise 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 organisations.
Christian 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, fulfils our vision to build long-term stakeholder and shareholder value.”
In August 2023, ICTSI received a $750 million loan from Metropolitan Bank & Trust Co. (Metrobank) to develop its port operations across the world.
More recently, ICTSI announced that it can provide port users and businesses real-time cargo visibility through the ICTSI App.
