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CREIT Shines With Best Investor Relations Award
- By The Financial District
- Mar 5, 2024
- 2 min read
In a nod to its commitment to transparency, sustainability, and stakeholder engagement, Citicore Energy REIT Corporation (CREIT) has been honored with the prestigious Best Investor Relations – Energy REIT award for the Philippines at the 11th International Finance Awards 2023.
Citicore Energy REIT Corporation (CREIT) CREIT's consistent payment of quarterly dividends since its listing has further solidified its position in the Philippine Stock Exchange's Dividend Yield Index and Property Index, underscoring its commitment to delivering value to shareholders. | Photo CREIT Facebook
The ceremony, held in Bangkok, Thailand, on 26 January 2024, celebrated CREIT's exemplary investor relations program, setting a benchmark for excellence in the industry. Investor Relations (IR) plays a pivotal role in the success of any publicly-listed entity, serving as a bridge between the company and its diverse stakeholders.
CREIT's IR program adopts a stakeholder-centric approach, prioritizing proactive communication strategies to enhance visibility among shareholders, financial communities, regulatory bodies, and the public.
This emphasis on effective communication has not only bolstered CREIT's market activity but also increased research coverage and multimedia visibility, reflecting the
company's commitment to transparency and accountability.
According to CREIT President and CEO, Mr. Oliver Tan, "Receiving international recognition for our Investor Relations program is a privilege. This award underscores CREIT's dedication to delivering sustainable investment opportunities in renewable energy while maintaining strong relationships with our stakeholders and investors. Our IR strategy has not only created significant value but also delivered attractive returns while upholding sustainable practices."
The evolution of Investor Relations has seen a shift towards a triple-bottom-line approach, encompassing economic, environmental, and social (ESG) considerations.
CREIT's value proposition is anchored on this principle, integrating renewable energy generation, agricultural production, and community development into its business model.
This holistic approach ensures stable and sustainable income streams while upholding the highest standards of corporate governance and sustainable practices across all activities.
Chairman Mr. Edgar Saavedra highlighted the role of CREIT's unique green asset portfolio, combined with the company's strong ESG campaign, in successfully attracting investors who are committed to supporting sustainable investment platforms with a renewable energy focus.
“CREIT’s value proposition, anchored on a strong ESG campaign, has worked to our advantage in terms of appealing to financial institutions and like-minded individuals.
The company’s unique green asset portfolio, with total landholdings of almost 7.16 million square meters backed by long-term leases and 100% occupancy all year-round, has attracted ESG-focused investors supporting a sustainable investment platform with a solid renewable energy component,” explained Saavedra.
CREIT's consistent payment of quarterly dividends since its listing has further solidified its position in the Philippine Stock Exchange's Dividend Yield Index and Property Index, underscoring its commitment to delivering value to shareholders.
The International Finance Awards, organized by the UK-based International Finance Magazine, recognizes companies that demonstrate excellence in various sectors, including finance, banking, energy, and utilities.
CREIT's win underscores its leadership in the energy REIT sector and its dedication to sustainable business practices.
Powered by Citicore Renewable Energy Corporation, CREIT aims to lead the renewable energy revolution in the Philippines, empowering communities through positive energy. With a commitment to powering a First-World Philippines with Pure Renewable Energy, CREIT continues to set new standards of excellence in the energy REIT sector.
