Paramount Life & General Insurance Corporation bags two wins at ESGBusiness Awards for CSR project
Project SHINE continues to bring tangible effects to rural communities since its creation in 2018.
Paramount Life & General Insurance Corporation (PLGIC) took home the win in two categories at the coveted ESGBusiness Awards for the successful implementation of Project SHINE, a corporate social responsibility (CSR) initiative by the company.
Project SHINE was established by PLGIC to promote a culture of giving within the organisation and ensure the long-term sustainability of its chosen projects. This goal was achieved through its partnership with the Solar Village Foundation (SVF), a non-profit organisation dedicated to empowering rural education in isolated and unelectrified communities.
SVF works to provide sustainable access to solar energy solutions in the most remote and marginalised villages in the Philippines. In 2018, PLGIC approached SVF to explore potential collaborations that would not only encourage employee engagement and volunteerism but also empower education in off-grid communities.
Within just one year of its implementation, Project SHINE was able to support the solarisation of 60 homes belonging to Tagakaulo children and youth. This initiative aimed to create a conducive environment for nighttime learning and study. The project also actively engaged PLGIC employees in raising awareness and generating support for the solarisation of students' homes in 2019 through an internal volunteer selection drive and collective fundraising initiatives.
Additionally, Project SHINE sponsored the solarisation of one poorly electrified island-school in Samar and one unelectrified upland school catering to the education of indigenous children in Sarangani.
Furthermore, solar lanterns were provided to 12 teachers at a rural school in Sarangani that supported the learning challenges of students and teachers, most especially during the COVID-19 pandemic.
In addition to its commitment to education, PLGIC also prioritises sustainability. Through its solar energy programmes, PLGIC aligns with its sustainable development goals and plays a part in creating a cleaner environment. By promoting the use of renewable energy sources and supporting environmental sustainability in off-grid communities, PLGIC strives to make a positive impact on the planet.
“Empowering rural education by lighting up off-grid communities with solar energy is a vital step towards achieving educational equity and sustainable development,” the company said.
PLGIC has garnered wins in the Cross-Sector Collaboration Award - Philippines and the Stakeholder Engagement Award - Philippines categories. ESGBusiness Awards honours businesses that demonstrate outstanding commitment and achievement in environmental, social, and governance (ESG) practices, as well as those leading the way in building a sustainable future.
The ESGBusiness Awards is presented by ESGBusiness. To view the full list of winners, click here. If you want to join the 2024 awards programme and be acclaimed for your company's outstanding commitment and achievement in environmental, social, and governance (ESG) practices, please contact Julie Anne Nuñez at [email protected].
