Accomplishment Report 2015 ICTSI Foundation, Inc. ICTSI Administration Building, Manila International Container Terminal MICT South Access Road, Port of Manila, Manila 1012, Philippines Telephone: +632 245 4101 | Facsimile: +632 245 2245 Email: [email protected] | URL: http://www.ictsi.com Table of Contents The Chairman’s Report 2 2015 Overview 5 Education 8 Sports Development 24 Community Welfare 31 Special Projects & Development Assistance 41 2015 Citations & Recognitions 44 ICTSI CSR Statement 45 ICTSI Foundation 47 Independent Auditors’ Report 48 Statements of Financial Position 49 Statements of Activities 49 Statements of Cash Flows 50 Notes to Consolidated Financial Statements 51 Board of Trustees & Management 55 1 The Chairman’s Report Victoria International Container Terminal donated AU$150,000 to Albert Park College to fit out and resource a new Marine Research Center at the school's Environmental Arts Hub. The grant is part of VICT's Community Investment Fund, which was created to support initiatives that promote the health and education e made strides in our corporate of young people in Port Philipp and Hobson's Bay. social responsibility (CSR) initiatives across the ICTSI Group in 2015. W Victoria International Container Terminal Ltd. (VICT), while still pre-operating, has implemented a Community Investment Fund for the benefit of the youth in our host community in Webb Dock East and the neighboring communities of VICT in the Port of Melbourne. In Georgia, Batumi International Container Terminal LLC (BICT) was among the first private companies to provide assistance when the country's capital Tbilisi was ravaged by flash floods after the Vere River overflowed in June. Both management and staff of BICT donated funds to The ICTSI Employee Volunteerism Program was an offshoot of the relief and rehabilitation efforts. 2015 Christmas Wish Tree Project. The program encourages Meanwhile, Madagascar International Container employees to share their time, skills and resources with ICTSI's host communities by volunteering in any of the Foundation's projects. Terminal Services Ltd. in the Port of Toamasina donated a three-classroom building for a primary school in nearby Analamboainio. These initiatives are just a few of what several ICTSI units did as a corporate citizen to our host communities, mirroring what our CSR unit, the ICTSI Foundation, Inc., has been implementing since 2010. In the implementation of their respective CSR programs, our overseas units were guided by what the Foundation has accomplished in the Group's home country, the Philippines. Steadily, subsidiaries have been replicating the Foundation's advocacies in education, sports and community welfare. Recent visits and scoping activities by the Foundation in select overseas terminals have dovetailed our CSR footprint across the Group. Your ICTSI Foundation has been very Princess Mary Superal secures busy – true to our directive that we will help the victory at the 17th Chief Minister's Cup in Kuching, Madagascar International Container Terminal, in wherever we can. Sarawak in November 2015. partnership with the Wednesday Morning Group, Over the past few years, financed the construction of three classrooms for the Princess has made a name for Analamboanio public school in Toamasina, herself with a string of wins Madagascar as part of its expanding corporate social Heavy rains in June caused the Vere River to overflow and flood the across tournaments in Asia and responsibility initiatives. The new classrooms increase Georgian capital city of Tbilisi. In this photo, citizens are seen guiding a the United States. The 19-year- the school's student capacity by up to 180 children. tranquilized hippopotamus after catastrophic floods caused animals from old is part of the pool of talents the zoo to escape. Batumi International Container Terminal was among being developed by ICTSI 2 the first private companies to respond to relief and rehabilitation efforts. under its Amateur program. 3 2015 Overview The year 2015 was highlighted by the We continued with our CSR efforts. As we he ICTSI Foundation, Inc. continues to accreditation of the Foundation with the Philippine sustained our assistance to our beneficiaries and serve and impact the lives of its beneficiaries Council for NGO Certification as a donee partner organizations, the Foundation, in like across ICTSI's host communities in the institution, and the renewal of our registration as an manner, encouraged employees to participate in a Philippines by implementing projects in line auxiliary resource agency of the Department of formalized staff volunteer program beginning in our Twith its pillars: education, sports and Social Welfare and Development. As the flagship Manila International Container Terminal. community welfare. Foundation expands its reach locally and globally, ICTSI employees have always been natural we are strengthening our CSR projects to make a volunteers, ready to help and assist in times of Education fuller and meaningful impact to our communities. calamities and when needed by the Foundation for In 2015, the Foundation sent ICTSI's pioneer These certifications were key in further improving its various outreaches. But, with the help of the international scholars in Northeastern University our existing projects and in paving the way for the Foundation's Employee Volunteerism Program, (NEU) in Boston, Massachusetts in the United States Foundation to take on a larger and direct role in employees were given more channels to express under the ICTSI-NEU International Scholarship improving the quality of life of our beneficiaries. their humanity. Program. The year in review also marked the In education, our international and local I am glad and proud to say that altruism is Foundation's first year in solely handling the scholarship programs went full swing. We ingrained in our corporate culture. I would like to Philippine Scholarship Program for both secondary increased the number of ICTSI scholars. Aside thank the men and women of ICTSI for sharing their and college education. The Philippine Business for from the scholarships, we continued supporting time, talent and resources with the marginalized Social Progress co-managed the local program when schools by providing them better learning facilities, sectors in our communities. it started in 2010. Consequently, projects involving equipment, tools and teacher training. partnerships with local public schools and day care In sports, we continued to help our national Gen. Santos native Marlito centers including the provision of reading rooms, Soriano was the Philippine Flag computer equipment, tools and other materials athletes. Aside from direct financial assistance, the bearer at the convocation essential in supporting school courses and programs Foundation has started to take on a more “parental” ceremony for new students at the role in implementing sports programs. We are Northeastern University in Boston, were sustained. Capability building training for Massachusetts. Mr. Soriano and students and teachers, ICT trainings for teachers, as concerned not only with the well being of our Coleen Charmille Dizon are the athletes but with their values as well. first beneficiaries of the ICTSI- well as the assistance to alternative learning also NEU scholarship program. In community welfare, the Foundation continued. spearheaded local disaster response initiatives. To Enrique K. Razon, Jr. The Foundation ventured into facilities projects, align ourselves with the worldwide effort to mitigate Chairman which included the renovation of barangay day care the impact of climate change, we've strengthened centers in Parola, the immediate community of our existing environmental programs, and assisted ICTSI's Manila flagship, and the construction and in terminal-specific, local initiatives. furnishing of a two-classroom school building in Algeciras, Agutaya, Palawan in partnership with the SGV Foundation and Andres Soriano Foundation. Marlito Soriano and Charmille Coleen Dizon, the first ICTSI-NEU scholars, with their official NEU student IDs. Both valedictorians in their respective schools, the pair was chosen among 69 applicants from different public schools high schools 4 in the country. 5 The ICTSI Foundation, in partnership with the In July, the trio of (from left) Andres Soriano Foundation, donated a two- Princess Mary Superal, classroom, single story school building to the Pauline Del Rosario and Algeciras Elementary school in Agutaya, Mikhaela Fortuna secured Palawan. Heavily damaged by typhoon Yolanda the top three finishes at the in 2013, the lone school in the island of 87th San Francisco Junior A special project, the Foundation supported In March, the Foundation mobilized relief Algeciras caters to more than 500 students. Girls Tournament. The tournament win is one of college students from various parts of the country operations to the victims of the biggest fire to hit Parola the combined 32 for the through financial assistance to the Tanging Yaman by providing food and other basic necessities; while in lady golfers under the Foundation. October, in partnership with Clark Development Corp., ICTSI Amateur Golf Program in 2015. the Foundation provided assistance to the families Sports affected by Typhoon Lando in Central Luzon. The Foundation continued its support to young and The Foundation introduced new elements to its deserving athletes. Young lady golfers under the 2015 Christmas outreach activities. Outreach ICTSI Amateur Golf Program competed in 53