A Case on Corporate Social Responsibility:

MIRANT PHIL. FOUNDATION

PICPA 61st Annual Convention
Quest for Quality and Excellence
May 25, 2007 Sarabia Hotel, IloIlo-Ilo City

Foundation Information:
Organized on August 1, 2000 : BIRBIR-PCNC Certified Donee Institution
Total Assets: P 841,746,463 (Dec. 2005)
Capital Fund: P 500,000,000.00
Amount of Project Assistance: P 658,807,190.00
Number of Core Staff: 5
Number of Project Staff: 15
Number of Partner Organizations: 40
Number of Beneficiaries Assisted: At least 300,000 HH

Mirant Philippines Foundation

DOING WELL BY DOING GOOD...

FOUNDATION OBJECTIVES:

1. Implement CSR programs that will protect and

enhance Mirants corporate reputation.
2. Integrate CSR into Mirants business operations as
part of its corporate sustainability program.
3. Build and strengthen relationship with internal and key
external stakeholders.

Program Key Result Areas (2006-2010)

ENERGY
-

Contribute to 100% barangay electrification by 2008

and 100% household electrification by 2017

EDUCATION
-

Improved competency in math and science subjects for

primary and secondary levels.

Developing a world-class labor force with English

proficiency that meets global standards

Developed skills of bridge-leaders

ENVIRONMENT
-

Models for sustainable natural resource utlization

developed and implemented in Quezon and Pangasinan.
4

CSR THRUSTS FY 20062006-2010

CSR Positioning:

Leader in the Industry and CSR Practitioners

Partner of Choice of Important Stakeholders

Strategic Program
Thrusts

Triple Bottomline + 1

Economic
Ecology
Equity

Energy
Environment
Education

Organization

Partnership Networks

LCF for CSR Programs

AIMAIM-Mirant Center for Leadership Development
DENR/DOEDENR/DOE-World Bank for Environment & Energy Programs
DEPED for Education Programs
5

CSR CHALLENGE

How to account for a triple bottomline?

bottomline?
How is it possible?
Can corporations account for business, social and
environmental goals?
With great power comes great responsibility