WINNING | SMPC deepens ESG drive through strong governance

October 31, 2025
7:48AM PHT
Updated: October 31, 2025
8:07PM PHT

Insider Spotlight

  • Semirara Mining and Power Corp. (SMPC) reaffirmed its commitment to corporate governance and sustainability
  • The company received its third consecutive Three Golden Arrows Award from the Institute of Corporate Directors (ICD)
  • The recognition highlights SMPC’s integration of governance excellence into its broader ESG and development agenda

Semirara Mining and Power Corp. (SMPC) is reinforcing its reputation as a model for responsible corporate leadership by aligning its energy and mining operations with global sustainability standards and robust governance practices.

The company’s consistent recognition by the Institute of Corporate Directors (ICD)—most recently through its third consecutive Three Golden Arrows Award—underscores how governance has evolved into a key pillar of SMPC’s business resilience and long-term value creation.

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

Why it matters

SMPC’s governance framework does more than meet compliance standards—it drives performance across its environmental, social, and economic objectives. 

“At SMPC, good governance is the foundation of how we operate, serve our communities, and build a sustainable future for all,” said Maria Cristina C. Gotianun, the company’s president, chief operating officer, and chief sustainability officer, said in a press release on Oct. 30, 2025.


Maria Cristina C. Gotianun
SMPC president , chief operating officer, and chief sustainability officer

The ICD’s ASEAN Corporate Governance Scorecard (ACGS) recognizes top-performing publicly listed companies that demonstrate transparency, accountability, and ethical leadership. SMPC’s three-arrow distinction places it among the Philippines’ most exemplary corporations in this regard.

Zoom in

The 2024 ACGS assessment introduced updated sustainability and resilience indicators aligned with the G20/OECD Principles of Corporate Governance. SMPC’s strong performance under these enhanced standards highlights its adaptability to evolving best practices.

Beyond compliance, SMPC advances governance through its 5Es sustainability framework—Education, Environment, Empowerment, Employment, and Emergency Preparedness & Resilience—underscoring how structured governance translates into tangible impact for communities and the national economy.

The big picture

As the Philippines’ largest domestic coal producer and a vertically integrated energy company, SMPC continues to balance profitability with purpose. 

By embedding governance excellence into its corporate DNA, SMPC not only strengthens investor confidence but also contributes to national energy security and inclusive growth. —Vanessa Hidalgo | Ed: Corrie S. Narisma

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