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A Case on Corporate Social Responsibility:A Case on Corporate Social Responsibility:MIRANT PHIL. FOUNDATIONMIRANT PHIL. FOUNDATION

PICPA 61PICPA 61stst Annual ConventionAnnual ConventionQuest for Quality and ExcellenceQuest for Quality and ExcellenceMay 25, 2007 May 25, 2007 SarabiaSarabia Hotel, Hotel, IloIlo--IloIlo CityCity

2Mirant Philippines Foundation

Foundation Information:Foundation Information:

Organized on August 1, 2000 : BIROrganized on August 1, 2000 : BIR--PCNC Certified PCNC Certified DoneeDonee InstitutionInstitution

Total Assets: P 841,746,463 (Dec. 2005)Total Assets: P 841,746,463 (Dec. 2005)

Capital Fund: P 500,000,000.00Capital Fund: P 500,000,000.00

Amount of Project Assistance: P 658,807,190.00Amount of Project Assistance: P 658,807,190.00

Number of Core Staff: 5 Number of Core Staff: 5

Number of Project Staff: 15Number of Project Staff: 15

Number of Partner Organizations: 40Number of Partner Organizations: 40

Number of Beneficiaries Assisted: At least 300,000 HHNumber of Beneficiaries Assisted: At least 300,000 HH

DOING WELL BY DOING GOOD...

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1. Implement CSR programs that will protect and enhance Mirants corporate reputation.

2. Integrate CSR into Mirants business operations as part of its corporate sustainability program.

3. Build and strengthen relationship with internal and key external stakeholders.

FOUNDATION OBJECTIVES:

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Program Key Result Areas (2006-2010)

ENERGY

- Contribute to 100% barangay electrification by 2008 and 100% household electrification by 2017

EDUCATION

- Improved competency in math and science subjects for primary and secondary levels.

- Developing a world-class labor force with English proficiency that meets global standards

- Developed skills of bridge-leaders

ENVIRONMENT

- Models for sustainable natural resource utlizationdeveloped and implemented in Quezon and Pangasinan.

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CSR Positioning: CSR Positioning:

Leader in the Industry and CSR PractitionersLeader in the Industry and CSR Practitioners Partner of Choice of Important StakeholdersPartner of Choice of Important Stakeholders

Strategic Program Strategic Program Triple Triple BottomlineBottomline + 1+ 1Thrusts Thrusts

EnergyEnergy Economic OrganizationEconomic Organization EnvironmentEnvironment EcologyEcology EducationEducation EquityEquity

Partnership NetworksPartnership Networks LCF for CSR ProgramsLCF for CSR Programs AIMAIM--MirantMirant Center for Leadership DevelopmentCenter for Leadership Development DENR/DOEDENR/DOE--World Bank for Environment & Energy ProgramsWorld Bank for Environment & Energy Programs DEPED for Education ProgramsDEPED for Education Programs

CSR THRUSTS FY 2006CSR THRUSTS FY 2006--20102010

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How to account for a triple How to account for a triple bottomlinebottomline??

How is it possible?How is it possible?

Can corporations account for business, social andCan corporations account for business, social andenvironmental goals?environmental goals?

With great power comes great responsibility With great power comes great responsibility

CSR CHALLENGECSR CHALLENGE