Cebu Pacific gets four Golden Arrows, top governance rating among local airlines
The Institute of Corporate Directors raised the carrier's rating from three arrows, citing its biggest gains in sustainability and resilience.
Cebu Pacific has received Four Golden Arrows from the Institute of Corporate Directors (ICD), the highest corporate governance rating given to any Philippine airline in this year's Golden Arrow Awards, according to Mindanao Times.
The result is a step up for the carrier, which had been rated Three Golden Arrows in each of the previous three years. The airline's vice president for corporate strategy, Aileen Isidro, and its general counsel, Anne Romadine Tieng, accepted the recognition.
The awards draw on the ASEAN Corporate Governance Scorecard, which evaluates publicly listed companies across several areas. These include shareholder rights, sustainability and resilience, stakeholder relations, and disclosure and transparency.
Tieng described the upgrade as "a meaningful milestone" for the airline. She said it shows progress in the company's governance practices and its commitment to transparency and accountability, adding that good governance is essential to winning and keeping stakeholder trust as the airline expands.
Of the areas assessed, the airline posted its largest improvement in sustainability and resilience. Isidro said this reflects efforts to build environmental, social and governance (ESG) considerations into how the company plans its strategy and manages risk, including better identification and handling of sustainability-related risks.
Cebu Pacific flies to 35 domestic and 26 international destinations in Asia, Australia and the Middle East.
This article was written by the DavaoNews desk with AI assistance, using reporting by Mindanao Times. Facts come from the original report, which we credit and link below. Our editorial policy
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