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Monday, 30th January 2023



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Message from Lopez

Prosperity for all

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FEDERICO R. LOPEZFEDERICO R. LOPEZClose to two years today and we’re still living through a global pandemic that has severely impacted our daily lives and all the world’s economies. The effects were both instant and devastating, and highlighted our interconnectedness in ways that means we all sink or swim as one human race.

The development and rollout of vaccines has given us hope for an eventual return to normalcy even as we battle the uncertainty of the virus’ new variants. In the middle of 2021, we started our own “path to recovery” with the vaccination rollout for our employees and their households, and also to our contractors. We have also donated vaccines to our 26 host communities and to the Department of Transportation in support of the government’s target to achieve herd immunity.

However, gathering force and momentum as we speak is this even greater emergency called the climate crisis. The latest news images of record heat waves, drought, wildfires in North America and Australia, record flooding in the Eastern US, Western Europe and Central China have all been terrifying precursors to the UN IPCC Sixth Assessment Report (AR6) issued last August. This latest report, produced by 200 scientists with thousands of volunteers from 66 countries, has UN Secretary General Antonio Guterres warning that this is a code red for humanity. It’s undeniable that our planet’s climate is changing, primarily from human-caused emissions of fossil fuels, and it’s changing faster and more dangerously than we thought just a few years ago. Once the full effects of the climate crisis are upon us, there will be no vaccine and herd immunity to look forward to, “just the relentless pounding of the herd,” as Thomas Friedman of the New York Times describes it.

COP26 Glasgow has just concluded and the general feeling was that the conference overdelivered given the political headwinds, but underdelivered in relation to what the science still demands of us. Now remember that at Paris COP21 in 2015 the world applauded soft agreements that pledged actions toward a 2.0 degrees Celsius global warming target. Hardly any of those pledges are being met today, which still puts the world on course for a planet that’s 3-4 degrees Celsius warmer by the end of the century. Clearly, catastrophic and uninhabitable. However, even the 2.0 degrees Celsius target applauded in Paris will change our planet beyond recognition: close to 99% of coral reefs will disappear, and extreme heat and 1-in-100-years flooding events will become regular occurrences, existentially threatening all coastal cities.

So what does keeping to 1.5 degrees Celsius really mean? The science tells us we have anywhere from 300-400 gigatons of greenhouse gases left to emit before we exceed that number. Since the world currently emits 51 gigatons of greenhouse gases each year, we have anywhere from 6-8 years remaining before we lose any chances of hitting that goal of 1.5 degrees Celsius and will be left with having to contend with a harsher 2.0 degrees Celsius world or worse. The latest UN IPCC AR6 makes this very clear: the window for limiting warming to 1.5 degrees Celsius is closing fast.

All that may sound terrifying, but just last December 2020 came a sliver of good news. Leading IPCC scientists also revealed something described as “game-changing” and new in the scientific understanding of climate change. To quote noted climate scientist Dr. Joeri Rogelj, lead author of the latest UN IPCC AR 6: “It is our best understanding that, if we bring down (GHG emissions) to net zero, the warming will level off. The climate will stabilize within a decade or two.” I was elated and personally filled with hope when I read that pronouncement of the latest scientific consensus, which is a huge paradigm shift from the idea that decades and centuries of additional warming were already baked into the planet as suggested by previous IPCC reports.

As the world comes to grips with this reality, we will see paradigms shifting drastically. We will go back to basics. Consumerism will hopefully be anchored less on our wants and more toward our needs. It is essential too that we focus on prosperity for all, especially those left behind, rather than on simply aiming to raise GDP growth per se. Then very importantly, we begin to reimagine and redesign our infrastructure and way of life for an already changed world: decarbonized, resilient and socially inclusive. Make no bones about it, this will change every single industry on the planet in the next 5-10 years.

Amidst all the chaos and uncertainty of the COVID pandemic last year, we set about recrafting our mission and purpose for the FPH Group, and I strongly believe it should ultimately be adopted across the Lopez Group of companies, and that is: “To Forge Collaborative Pathways for a Decarbonized and Regenerative Future.” Since we launched it at the annual shareholders meeting last year, the recasted mission achieved so much traction internally and has become a beacon of sorts, reorienting our strategy and choice of capabilities and businesses as we move forward. The power of those ten words to inspire and provide direction surpassed my expectations and I can say all the executive hours we spent hammering it out last year were well worth their weight in gold.

Central to our new mission is the Stakeholder Pentad Framework. This powerful lens captures a lot of how we want to move forward. Applying this mindset means all decisions should revolve around balancing the needs of all five stakeholders in a specific sequence: first, your customers; then your cocreators which are your employees, suppliers, contractors; then the Earth; then the communities; and finally, your investors. The pentad necessitates that we think in systemic wholes and not in fragmented parts. Reversing the sequence, which unfortunately has permeated the thinking of most businesses in the past, just doesn’t work when your primary goal of maximizing shareholder value leaves little room to benefit anything else.

That model of shareholder primacy above all else no longer fits with the extraordinary times we live in. It’s resulted in the mindless pursuit of growth, unbridled consumption, the overshoot of our planet’s environmental limits, and widening inequalities. Although traditional CSR has been good, it has its limits and may never be able to scale enough in time to reverse the damage done. There is an urgency for all of us to go beyond incremental sustainability and transform into regenerative forces that align our profit engines with the need for a better world and a safer planet. Collectively, we have the creativity and innovative energy needed to solve the world’s greatest problems. Unlocking these will be the foundation to some of the greatest business opportunities in the coming century.

I hope that you all share my excitement and optimism as we move along our course to a decarbonized and regenerative future for all. I wish you a blessed and meaningful Christmas celebration with your loved ones and may the New Year bring you renewed strength for our exciting journey ahead. - FEDERICO R. LOPEZ

 

 

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Archive

  • ► 2022
    • ► December
      • • Let’s help one another heal
      • • Building a resilient Philippines
      • • Our hope this Christmas
      • • Remembrance, reflection, gratitude
  • ► 2021
    • ► December
      • • Honoring the reason for Christmas
      • • Prosperity for all
      • • A time of cheer
      • • Making Christmas memorable
  • ► 2020
    • ► December
      • • Humanity at its finest
      • • Moving forward in a new world
      • • Hope for better days
      • • Stewardship and fidelity
  • ► 2019
    • ► December
      • • The truest treasure
      • • Continuing our great work
      • • The gift of life
      • • Seeking peace
      • • Perfectly united
  • ► 2018
    • ► December
      • • Let’s help keep the lights on
      • • Family is our place of love
      • • Spreading Christmas cheer
      • • Renewing family ties
    • ► March
      • • Keeping the lights on in the transition to an all-renewable future
  • ► 2017
    • ► December
      • • Together we have stepped up
      • • A year of rebirth and gratitude
      • • Looking forward, looking back
  • ► 2016
    • ► December
      • • Choosing to be powered by good
      • • Our mission remains the same
      • • Remember God’s love
      • • Changing with the changing times
      • • Each Christmas is a new opportunity
    • ► June
      • • Keynote Remarks of First Philippine Holdings chairman and CEO Federico R. Lopez at the 3rd Annual Summit of the Shareholders’ Association of the Philippines on June 17, 2016
      • • Keynote Remarks of Lopez Holdings chairman emeritus Oscar M. Lopez at the 3rd Annual Summit of the Shareholders’ Association of the Philippines on June 17, 2016
  • ► 2015
    • ► December
      • • Continue to push the boundaries
      • • We cannot lose hope in the Filipino
      • • Let us count our blessings every day
      • • Thank you for a remarkable year
      • • The wonders of Christmas
    • ► October
      • • Remarks of Chairman Emeritus Oscar M. Lopez, on the Lopez Achievement Awards 2014 held at Studio 10, ABS-CBN Compound on October 15, 2015
      • • Remarks of Federico R. Lopez at the 2014 Lopez Achievement Awards Ceremony held at ABSCBN Studio 10 on October 15, 2015
    • ► July
      • • For love of country, we are prepared to take action to make it better
    • ► May
      • • Remarks of Ambassador Manuel M. Lopez, Chairman and CEO of Lopez Holdings Corporation, at the Annual Stockholders’ Meeting held at Power Plant Mall Cinema, Rockwell Center, Makati City
      • • Remarks of Federico R. Lopez, Chairman and CEO, at First Gen Annual Stockholders Meeting on May 13, 2015
      • • Remarks of Federico R. Lopez at the Annual Stockholders' Meeting of Energy Development Corporation on May 5, 2015
      • • Oscar M. Lopez: even at 85, there are worlds left to conquer
    • ► April
      • • The legacy of heroes is the memory of a great name
      • • Oscar M. Lopez on Longevity and Success
    • ► March
      • • Remarks of Lopez Group Chairman Emeritus Oscar M. Lopez at the 2012 Commencement Exercises of the University of the Philippines and Conferment of the degree of Doctor of Laws, Honoris Causa
    • ► February
      • • Excellence is a Habit
    • ► January
      • • Towards A New Year of Promise
  • ► 2014
    • ► December
      • • Christmas is a time for gratitude
      • • Christmas message from Eugenio Lopez III
      • • Christmas message from Federico R. Lopez III
      • • Christmas message from Presentacion L. Psinakis
      • • Christmas message from Ambassador Manuel M. Lopez
      • • Christmas message from Oscar M. Lopez
    • ► October
      • • The Parley between Lopez and Marcos
      • • Why Choose Philippines?
      • • When War Escalates to Devastating Results
      • • The Inevitable Decline: Did Marcos Finally Go Too Far?
      • • Mayhem in Malacañang: Find Out What Caused Eñing’s Massive Fit
      • • The Yolanda Hero and the Unsung Hero
    • ► September
      • • Igniting the fallout: The unbelievable tactic President Marcos enforced
      • • Inspirational Remarks by Lopez Group Chairman Emeritus Oscar M. Lopez on the occasion of the Lopez Achievement Awards Ceremonies held at ABS-CBN Studio 10 on September 24, 2014
      • • A fork in the road: When two brilliant forces arrive at a point of dissent
      • • Discover what happened when a national problem took a turn for the worst
      • • Guess who came to the Nationalista victory party
      • • Don Eñing fights his greatest battle
    • ► August
      • • Remembering Ninoy this August 21
    • ► July
      • • CSR Challenges to Corporations
      • • Lessons from Typhoon Yolanda
      • • The exciting conclusion to the most epic chapter of the 100-year history of the Lopez Group (page 8)
      • • Lopez Values: a powerful rival makes an unforeseen move
      • • Remarks of Ambassador Manuel M. Lopez, Lopez Group Chairman at the Lopez Service Awards Night on July 2, 2014
      • • Just as Macapagal goes in for the kill, the chink in his armor is revealed
    • ► June
      • • From Bridges to Betrayal: the Lopez-Macapagal battle takes on another surprising twist
      • • Just When Macapagal Thought Victory Was His For The Taking…A Surprise Move from the Lopez Camp!
      • • Celebrating the Filipino Identity
      • • Chaos Warfare: Find out what brilliant tactic Don Eñing used to beat Macapagal at his own game
      • • Don Eñing lost BISCOM to Macapagal but What He Did Next Will Amaze You
    • ► May
      • • Defeating the Enemy with the Power of Unity and Trust
      • • Let’s celebrate something GOOD!
    • ► April
      • • The Start of an Alliance. Read page 8 of Underestimated webcomics
      • • Summer Break
    • ► March
      • • Facing a New Vendetta: Page 7 of Underestimated Webcomics
      • • A Bitter Demise: Page 6 of Underestimated Webcomics
      • • An Iroclad Approach: Page 5 of Underestimated Webcomics
      • • The adversary strikes back. Read page 4 of Underestimated webcomics
      • • Heritage and Love of Country
      • • What happens to Montilla in the Battle of Biscom?: Page 3 of Underestimated Webcomics
    • ► February
      • • How far have we come since EDSA 86 People Power?
      • • Outsmarting the Foe: Page 2 of Underestimated Webcomics
      • • Hope for the Laborers’ Plight: Page 1 of Underestimated Web Comics
    • ► January
      • • Resilient and Unsinkable: Why the Lopez Spirit Is Never Underestimated
  • ► 2013
    • ► December
      • • This season, Selflessness is more than possible
    • ► September
      • • To Fly and Fly Again comic series
      • • A Letter from Oscar M. Lopez
    • ► July
      • • Eugenio at Heart series
      • • A Lifetime of Excellence
    • ► June
      • • Independence and Nationalistic Pride
    • ► May
      • • Happy Mothers’ Day to everyone
    • ► March
      • • Pope Francis of the Poor and Lent
    • ► February
      • • Remembering the Spirit of EDSA
      • • Chinese New Year
  • ► 2012
    • ► December
      • • The Hope for Unity: The Winning Entries to the “What Do You Want This Christmas” Lopez Values Stars Facebook Contest
    • ► November
      • • What do you want this Christmas?
    • ► October
      • • LAA: Setting Ourselves Apart
      • • EDC and Claudio Bravo
      • • OML on Senator Juan Ponce Enrile’s Memoir
    • ► September
      • • In Pursuit of Education and Social Justice
    • ► July
      • • It’s Good to Go Green!
    • ► June
      • • Winners of the Nationalism Essay Contest
      • • Nationalism in the Workplace
      • • Nationalism and the Lopez Group Employee
      • • How can we express nationalism in our everyday work?
      • • Ang Pagiging Makabayan
      • • We now have our own Facebook page!
      • • Back-to-school this June
    • ► May
      • • Ready, Set, Succeed: OML’s Take on Life
    • ► April
      • • It’s More Fun to Choose Philippines
    • ► March
      • • How can we express our nationalism today in our everyday work?
    • ► February
      • • Dragon Energy
  • ► 2011
    • ► December
      • • This Season is the Best Time to Give Thanks
    • ► November
      • • A Whole New World
      • • Giving Voice to Lopez Values
    • ► October
      • • Serving the Kapamilya
    • ► September
      • • Social Responsibility
    • ► July
      • • Eugenio Lopez on his 110th Birth Anniversary
    • ► June
      • • Rizal the Sportsman and our Palaro
      • • It Is Never Too Late To Try Something New
    • ► May
      • • Giving Back
    • ► April
      • • Why Do I Climb Mountains?
      • • Lent at 81
      • • Creating Trust
      • • Getting Ready for the Big One
    • ► March
      • • Aligning the Values
      • • Unity in Tragedy
      • • Remembering the “Ides of March”
      • • Our Values Unite Us
    • ► February
      • • Love for Country
      • • Eyes on the Prize
      • • Happy Valentine’s, Kapamilya!
      • • Kung Hei Fat Choi!
    • ► January
      • • Are You A Lopez Values Superstar?
      • • Happy New Year, Kapamilya!
  • ► 2010
    • ► December
      • • Happy Holidays!
  • ► 0000
    • ►
      • • To survive and not despair

Web Comics

Enemy of My Enemy (Part 2)
Enemy of My Enemy (Part 2)
Enemy of My Enemy (Part 1)
Enemy of My Enemy (Part 1)
Underestimated
Underestimated
To Fly and Fly Again
To Fly and Fly Again

Under Estimated

 

Man in the Frame

 

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