SMPC Conferred Three Golden Arrows for Corporate Governance Excellence

(From left) DMCI Board Advisor and former SMPC Independent Director Honorio O. Reyes - Lao, SMPC Independent Director Robert L. Panlilio, Director Herbert M. Consunji, and Concreat Holdings Philippines, Inc. CFO Brian T. Lim

Integrated energy company Semirara Mining and Power Corporation (SMPC) has been honored with a Three Golden Arrow Award by the Institute of Corporate Directors (ICD) for demonstrating excellence in corporate governance in the 2024 ASEAN Corporate Governance Scorecard (ACGS).

This recognition reaffirms SMPC’s strong commitment to transparency, accountability, and ethical leadership as it continues to deliver long-term value to stakeholders through responsible business practices. SMPC has been a consistent Golden Arrow awardee since 2019 and, for the third consecutive year, has achieved the prestigious Three Golden Arrows recognition.

“We are deeply honored to receive this recognition from the Institute of Corporate Directors,” said SMPC President, Chief Operating Officer, and Chief Sustainability Officer Maria Cristina C. Gotianun. “At SMPC, good governance is the foundation of how we operate, serve our communities, and build a sustainable future for all.”

Earning three Golden Arrows places SMPC among the top-performing publicly listed companies in the Philippines that exemplify strong adherence to good governance principles. The award also reinforces the company’s broader sustainability agenda, anchored on its 5Es framework — Education, Environment, Empowerment, Employment, and Emergency Preparedness & Resilience — which guides SMPC’s mission to contribute meaningfully to national development.

The ASEAN Corporate Governance Scorecard is a globally benchmarked assessment tool designed to evaluate corporate governance practices among publicly listed companies across ASEAN member states. The 2024 edition marks the first implementation of the revised ACGS framework, aligned with the updated G20/OECD Principles of Corporate Governance. It introduces new indicators on sustainability and resilience, along with more rigorous criteria aimed at highlighting exemplary governance standards and encouraging adaptation to evolving global best practices.

Semirara Mining and Power Corporation (SMPC) is the Philippines’ largest domestic coal producer and a vertically integrated energy company. By integrating its mining and power operations, the company contributes meaningfully to national energy security and economic development.