RASLAG Corp. Honored With ASEAN Corporate Governance Award

RASLAG Corp., the trailblazing solar power company based in Pampanga, has garnered significant recognition by receiving a prestigious Golden Arrow Award for its outstanding corporate governance practices.

RASLAG Corp. CEO Robert Nepomuceno (center) proudly receives the Golden Arrow Award for Corporate Governance. He was later joined by the RASLAG Board of Directors and SEC Chairman Emilio Aquino, at the ASEAN Corporate Governance Scorecard recognition ceremony held at the Manila Marriott Hotel. | Photo: RASLAG Corp. Facebook

This accolade was presented at the Institute of Corporate Directors’ (ICD) ASEAN Corporate Governance Scorecard (ACGS) awards, held on September 19, 2024, at the Manila Marriott Hotel.

The Golden Arrow is a coveted recognition that highlights RASLAG’s commitment to transparency, accountability, and ethical leadership in the renewable energy sector.

CEO Robert Nepomuceno expressed his excitement over the honor, stating, “Our mission of lighting the future with renewables will always include a higher standard of accountability, transparency, and ethical leadership.”

He also emphasized the company’s focus on expanding renewable energy responsibly and sustainably.

With deep roots in the Nepomuceno family’s legacy through Angeles Electric Corp., RASLAG continues to uphold high standards in power generation, bringing decades of expertise in delivering energy to the region.

The Golden Arrow Award is part of ICD’s initiative to champion international best practices in corporate governance in the Philippines.

RASLAG earned this recognition by demonstrating excellence in areas such as enterprise risk management, internal audits, and sustainability reporting.

The award underscores the company’s firm stance on mitigating the risks posed by climate change and natural disasters, ensuring the resilience and continuity of their solar power projects.

Through innovative design and continuous weather monitoring, RASLAG’s solar facilities remain robust, providing reliable energy to the nation’s grid.

Since its establishment in 2013, RASLAG has been at the forefront of solar energy development in the Philippines. The company’s dedication to community upliftment is equally notable, with Corporate Social Responsibility programs supporting schools in Pampanga.

Moreover, as a publicly listed company on the Philippine Stock Exchange (PSE) since 2022, RASLAG has gained a reputation as an industry leader, recently sharing insights on its IPO journey and discussing safety standards with the Department of Trade and Industry (DTI).

The ACGS and CGS awards assess companies based on their adherence to best practices in shareholder rights, transparency, accountability, and strategic leadership.

RASLAG’s Golden Arrow recognition solidifies its position as a leader in corporate governance and renewable energy, aligning its business with the global push for sustainability and responsible governance.